Xi Jinping has tried everything in his toolbox but nothing worked. The key to China’s economic growth in the past decades has been the tie with the U.S. Now with the decoupling underway, Xi’s Chinese Dream is turning into Chinese Nightmare.
China has been robbing Peter to pay Paul for many years to keep its economy going. It has now hit a dead end. Its economy is sputtering and Xi Jinping is facing all the headwinds.