It’s a mistake to look at China through a Western lens. Doing so has led some experts to prematurely declare the end of China’s economic boom.
President Xi’s approach defies Western logic. He aims for stability and equality, not artificial, stimulus-induced booms. His goal isn’t to inject vast funds into the economy, which can lead to high volatility. Instead, he seeks a steady pace of growth built on a more equitable foundation.
As CEOs, understanding this mindset is crucial. It’s time to consider the lens of China’s leader when thinking about global economic strategies.
This isn’t just another approach; it’s an entirely different economics from the past 100 years of economics in the West.