The fiscal deficit of local governments has become a norm in China. During widespread pay cuts of public servants, the regime continues to box itself in with its strict zero-COVID policy. A China affairs observer believes China is heading toward a post-regime epoch.
Kenneth C. Fan, the founder of Indo-Pacific Risk Forecast Centre, says that people should be prepared for a post-regime era.
In an interview with the Chinese language edition of The Epoch Times, Fan defined what the era of post-Chinese Communist Party (CCP) means and provided what he believes will be a clear signal of the new period beginning….