Shanghai – China's trump card

Deng Xiaoping, China's state and party leader from 1979 to 1997, was the only Chinese leader to admit mistakes publicly. Xi Jinping has never done so. But shortly before the Third Plenum, where the leadership sets the future course, it would be imperative to do so. It is the only way to pull the economy out of the pit of stagnation.

Last updated: 24. July 2025