Chinese officials are too scared of President Xi Jinping to take meaningful action against the country’s economic slowdown, according to the latest from The Wall Street Journal.
The article is part of a running narrative that, like “The Crown,” is based on real events involving real people, none of whom were actually involved in crafting it. This one is about how China is a victim of strongman politics that have killed off the animal spirits in the private sector. Instead of just quoting foreign economists like most of their competitors, the Journal’s reporters cite “people” familiar with the matter.