Analysis. By Gregory R. Copley, Editor, GIS/Defense & Foreign Affairs.What are the ramifications of the economic collapse which reached tipping point in the People’s Republic of China (PRC) by early 2020?
Several questions arise. How quickly and how deeply was the economic decline occurring? Could it be halted and remedied? What are the potential stages of progression of economic/strategic implosion? What impact would it have — within the options of slow or rapid decline, or potential remediation — on the PRC’s domestic and international actions?
What impact would it have on the global economy, and could a global recession or depression result? Would the transformation trigger a coup against Pres. Xi Jinping from within the Communist Party of China (CPC)? Would the CPC be able, in the medium term, to retain control of mainland China? Would Xi attempt either a reversal of some of his unproductive policies? Would be seek a strategic distraction?