Is Xi's obsession for control stifling growth?

Supply bottlenecks, widespread power outages, tech companies under pressure, the real estate sector deep in crisis – the world's second-largest economy is currently experiencing a multitude of problems. Many of them are homemade and can be traced back to the government's lust for control. For President Xi, control is essentially more important than growth. But where does he draw the line?

Felix Lee

The port of Ningbo-Zhoushan is located about 250 kilometers south of Shanghai. It is the third-largest cargo port in the world. Almost 1.2 billion tons of goods were handled there last year alone. On August 11, one of the port's workers tested positive for Covid. The man had been double-vaccinated with the Chinese Sinovac vaccine, and also showed no symptoms. Nevertheless, before dawn, authorities closed the entire Meishan terminal, including the associated bonded warehouse. Large parts of the port were closed for three weeks. The container backlog has still not been cleared.

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