Beijing faces economic obstacles as it flexes its regulatory muscles.
Five-starred red flags line the Nanjing Road pedestrian street in Shanghai, China, on June 22, 2021. This year marks the 100th anniversary of the Communist Party of China.China is at a crucial moment in its political and economic evolution. The political growl that is trying to become a dominant roar is being met with unexpected economic obstacles.
Under Xi, China's Machiavellian approach to international relations is now fully transparent. The chimera of diplomacy and overtures to do business fail to disguise raw ambition and a brash grasp for power and influence.
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