4.4 • 350 Ratings
🗓️ 19 October 2022
⏱️ 18 minutes
🧾️ Download transcript
The spotlight is on China as the Communist party’s 20th National Congress takes place this week. At a critical moment when President Xi Jinping prepares to stay on for an unprecedented third term as leader, there’s an important problem: China’s economy is slowing down. The FT’s China correspondent Edward White explains why this has happened and whether or not it's too late for Xi to make the changes necessary to put the country on a path to strong growth again.
Clip from the South China Morning Post
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For further reading:
Xi Jinping’s last chance to revive the Chinese economy
China’s property crash: ‘a slow-motion financial crisis’
China growth to fall behind rest of Asia for first time since 1990
China delays key GDP data in middle of Communist party congress
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On Twitter, follow Edward White (@edwardwhitenz) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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0:30.9 | On Sunday, China's leader for the last decade, she Jin Ping strode into the great hall of the people, |
0:41.0 | a building on the western edge of Tiananmen Square in Beijing, to a lot of fanfare. |
0:47.0 | You can hear the music and everyone in the hall clapping in unison. |
0:58.0 | And there's she giving his opening remarks. He's speaking at the point of the he's speaking at this event known as the Communist Party's Congress. |
1:09.0 | He's speaking at this event known as the Communist Party's Congress. It happens every five years and its purpose |
1:16.0 | is to unveil both China's next leaders and key policy changes. But the F.T.'s China correspondent Ed White says that this one is particularly important. |
1:28.0 | Now, there are political events in China and then there are political events and this one is |
1:34.5 | considered the most important in about a decade and that's because very simply |
1:40.1 | she jen ping china's president but also the head of the Chinese Communist Party |
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