The New York Sun

Join
Foreign

Even as Xi Consolidates Power, He Threatens China’s Prosperity

Outsiders are highly skeptical of Beijing’s economic statistics, which is why the markets ignored them in today’s selloffs. The country’s economic outlook seems grim to many.

Chinatopix via AP
President Xi’s image is broadcast at a commercial district of Hangzhou October 23, 2022. Chinatopix via AP
BENNY AVNI
BENNY AVNI

Judging by how the world’s markets seem to be reacting to yesterday’s re-coronation of Xi Jinping as Beijing’s strongman, capitalists don’t trust strict communism.

Have an account? Log In

To continue reading, please select:

Limited Access

Enter your email to read for FREE

Get 1 FREE article

Continue with
or
Unlimited Access

Join the Sun for a PENNY A DAY

$0.01/day for 60 days

Cancel anytime

100% ad free experience

Unlimited article and commenting access

Full annual dues ($120) billed after 60 days

View all membership options
By continuing you agree to our
Privacy Policy and Terms of Service.
BENNY AVNI
BENNY AVNI

Benny Avni is a columnist who has published in the New York Post, WSJOpinion, The Daily Beast, Newsweek, Israel Radio, Ha’Aretz, and others. Once New York Sun, always New York Sun.

Advertisement
The New York Sun

Sections

NationalForeignPoliticsArts+EconomyEducationJusticeOpinionWatchCrossword

More

MembershipBecome a FounderAdvertiseEventsNewslettersShopSubmissionsContactLegalAbout

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use