Red Flags: Why Xi’s China is in Jeopardy: George Magnus book
Red Flags: Why Xi’s China is in Jeopardy: George Magnus, 2018, Yale university
Intro
-2017 Xi started “XJP Though on Socialism with Chinese Characteristics for a New Era”
-2018 disbanded term limits, tightened Part grip
-Xi is taking advantage of splintered world economy to redefine China’s role
-4 economic traps
1. debt trap
2. RMB trap
3. demographic trap, ageing trap
4. Middle-income trap
-definition of reform is different; reform of prices, taxes, admin in accordance to CCP
-centralization of power is reaction to perceived external threats