With a wave of regulatory and other actions against leading private-sector firms, Chinese President Xi Jinping clearly intends to re-establish the Communist Party’s ultimate control over all aspects of Chinese life. Yet that effort may well kill the goose that lays the golden eggs.
When Xi Jinping champions globalisation, what, exactly, does he mean? And what do Chinese leaders mean when they refer to self-reliance? Is it autarky, or a new form of globalisation with Chinese characteristics, as President Xi might say?