Xi's ideology-driven policies risk derailing China's future: report

Pursuit of 'common prosperity' and frugality has not worked, Asia Society says

Chinese President Xi Jinping's focus on frugality and hardship "rings hollow" for Chinese youths, says Diana Choyleva of the Asia Society Policy Institute. © Reuters

KEN MORIYASU, Nikkei Asia diplomatic correspondent

October 3, 2023 15:15 JST

Updated on October 4, 2023 00:29 JST

WASHINGTON -- Chinese President Xi Jinping's ideology-driven economic policies risk derailing the country's future as they fundamentally change incentives driving the behavior of local officials, entrepreneurs and young Chinese, the Asia Society Policy Institute says.