Can China Continue to Grow Without Foreign Investment?

A crackdown on its tech companies, the collapse of its real estate sector, and enforcement of “zero Covid” have combined to profoundly impact China’s economy, with outside observers emboldened to question the durability of the current regime.

The 20th National Congress of the Chinese Communist Party was once seen to be a celebration for Xi Jinping, highlighted by his coronation for an unprecedented third term as president. As ever, though, as economist George Magnus recently tweeted, “The Congress represents continuity and consolidation.”

Magnus, a research associate at the China Centre at Oxford University, joins Maggie Lake for a conversation about the Middle Kingdom and its direction, noting that the economy and the private sector serve the interests of the CCP above all else. Recorded on September 28, 2022.

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1 Overview of the Current State of China 01:15
2 Will Xi Jinping Ease Zero Covid Policies After He Secures Another Term? 06:38
3 What Should We Expect to Come Out of the 20th Party Congress? 0:10:56
4 China’s Strategy to Recalibrate Their Industrial Sector 0:24:07
5 Digging Deeper into China’s Data 0:38:39
6 Can China Continue to Grow Without Foreign Investment? 0:46:46
7 Will China Make a Move on Taiwan? 0:53:46
8 What Do Investors Risk Getting Wrong About China? 0:56:16
9 The Takeaways 01:04:02

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