For the first time in more than three decades, China’s economic growth will fall behind the rest of Asia. President Xi Jinping’s zero-covid strategy has affected everything from manufacturing to mobility and consumption in the world’s second-largest economy. The worsening Sino-U.S. relations are furthermore squeezing China’s international trade. At the same time, Xi just secured his third five-year term at the 20th Party Congress, cementing his own political power. Xi’s demand for unity, strengthening domestic supply chains and preparation for “danger in peacetime” show his ambitions for China to remain a preeminent power.
Will Xi’s ambitions make China stronger? Or will his tight grip stir up international and domestic resentments? How are the country’s economic problems affecting its influence in the region? Will China decouple from the global market? And will the country keep its position as world power?
In this Oxford Debate we are debating whether China’s global power has reached its peak.