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Xi Jinping's zero-COVID reversal |
If Xi Jinping had a theme song in China right now, for Eurasia Group analyst Anna Ashton it would be Canadian rapper Drake's "0 to 100." That's pretty much how fast he reversed course on zero-COVID.
And that explains why "Maximum Xi" — one man with total control over China — is Eurasia Group's No. 2 geopolitical risk for 2023.
The risk basically boils down to "maximum impunity and maximum potential mistakes," Ashton noted in a GZERO Live conversation about Eurasia Group's Top Risks 2023 report. In other words, China's leader is so powerful he won't be blamed for anything, even if he messes up badly.
Xi, she adds, is in a very strong position and Western media narratives that he was in trouble following protests over zero-COVID were overblown.
The US and China are moving into creating separate economic worlds for each other. And that won't be easy because the two economies are more closely linked than most people understand.
Read Eurasia Group's Top Risks 2023 report here.
Watch the full live conversation: Top Risks 2023: A rogue Russia and autocrats threatening the world
- The Graphic Truth: China's old vs. new zero-COVID ›
- Ian Bremmer: Zero COVID no longer works, and China will pay a price ›
- What We’re Watching: China's zero-COVID shift, Russia's fertilizer deal, Ramaphosa's corruption probe, EU's oil wrangling ›
- What We're Watching: China losing on zero-COVID, "winning" in Taiwan ›
Top Risks 2023: A rogue Russia and autocrats threatening the world
What should the world fear more: an increasingly unhinged Vladimir Putin or an unbound Xi Jinping? Will most of the global economy enter a recession next year? And what happens when autocrats master the use of artificial intelligence to undermine democracy around the planet? Eurasia Group experts share their view on the top 10 geopolitical risks for 2023 in this livestream conversation.
Participants:
- Ian Bremmer, President and Founder, Eurasia Group and GZERO Media
- Cliff Kupchan, Chairman, Eurasia Group
- Anna Ashton, Director, China Corporate Affairs and US-China, Eurasia Group
- Franck Gbaguidi, Senior Analyst, Climate, Energy & Resources, Eurasia Group
- Rob Kahn, Managing Director, Global Macro-Geoeconomics , Eurasia Group
- Evan Solomon, Publisher, GZERO Media (moderator)