China’s Conflicting Economic Policies

CCP's policies won't save China's economy

A corn vendor waits for customers at a market in Shenyang, in China's northeastern Liaoning Province, on July 9, 2022. STR/AFP via Getty Images

Commentary

The Chinese Communist Party (CCP) is taking contradictory economic policies that seem to make little sense: cutting rates, increasing credit, and enforcing the “zero-COVID” policy while facing mounting debt, falling currency, declining consumer demand, rising unemployment, and slowing growth.