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Xi Finds a Silver Lining in a $304 Billion Disaster

Foreign Policy
October 5, 2021
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The collapse of property giant Evergrande will be a “wrenching adjustment for the Chinese economy,” writes Richard McGregor in Foreign Policy. But it’s not necessarily at odds with President Xi Jinping’s plans to rewrite the national narrative in his favour. With loyalty now preferred over success, rich villains like Evergrande boss Xu Jiayin have become a necessity.

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