Minxin Pei is professor of government at Claremont McKenna College and a nonresident senior fellow of the German Marshall Fund of the United States.
Shifting priorities in Beijing have devastated confidence of private entrepreneurs

Immigration inspection officers march near a container ship at a port in Qingdao in November 2021: Beijing's zero-COVID approach will continue to suppress economic activity. © Chinatopix/AP
Minxin Pei is professor of government at Claremont McKenna College and a nonresident senior fellow of the German Marshall Fund of the United States.