BHP executive criticises Xi, predicts China’s decline

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“The narrower field of view that inevitably comes with an exclusive (and ageing) leadership clique increases both the probability of poor policy choices and their harmful propagation and/or stubborn longevity. “This risk of an echo-chamber at the top of the CCP leading to counter-productive policy choices is particularly pertinent with respect to SOEs, where ideology and reform collide.” Liuzhou Iron & Steel Co.’s factory in Liuzhou, China. Bloomberg Dr McKay declined to provide a copy of The Strategic Logic of China’s Economy for a review in The Australian Financial Review, which purchased the book online. He is one of the...