As preparations fall into place for the first in-person summit in four years between EU officials and their Chinese counterparts, hopes for constructive partnership have been displaced by mutual suspicion. Yet in hardening its stance toward Beijing, Brussels is ignoring weaknesses within China that could also generate risks.
While China’s current economic malaise has multiple factors, there is something about President Xi Jinping’s pursuit of utopian policies that increasingly seems to weigh on the country. One manifestation of this despondency is the phenomenon of “lying flat,” a Chinese concept that closely equates to “opting out.”
The city of Shenzhen is looking for ways to adapt to China’s shifting economic landscape. But Shenzhen is not just another city. It was the birthplace and symbol of the Reform and Opening Up era. What future does that leave for Shenzhen, now that the China it once represented no longer exists under President Xi Jinping?
