News Snapshot:
When Chinese President Xi Jinping referred to ‘black swan’ or ‘grey rhino’ events in his recent speeches, he was referring to the internal and external challenges Beijing faces. We don’t know how Xi views the ongoing nationwide protests against his ‘zero Covid’ policy, but he knows that the factors for a ‘grey rhino’ event have been building up for a while. The Chinese State’s relative silence to the protests reveals that Beijing doesn’t want to elevate the agitation to a ‘grey rhino’ incident by clamping down harshly. The protests are no longer about Covid-19 restrictions and have been directly linked...
