Paola Subacchi for PS On Point: China's New Direction

Paola Subacchi considers the implications of a systemically important country turning its back on the system. [View this message in a web browser]( [PS On Point]( JANUARY 6, 2023 China has gained a lead in cutting-edge technologies and sectors that are of great strategic importance not only for future economic competitiveness but also for international and national security. But, writes the University of London’s Paola Subacchi, Chinese leaders have been making it very difficult to build on this success. [Read more](. [PS Global Bookmark: China's New Direction]( [China's New Direction]( By Paola Subacchi For two decades, Sino-Western integration powered the global economy and seemed to foster greater geopolitical stability. But now that China has moved well beyond being a mere exporter of low-cost labor-intensive garments and electronics, both the economics and the politics of its rise have fundamentally changed. [Read more]( [PS Holiday Sale: Save $35 on any new PS subscription]( [PS Big Picture: The Sick Man of Asia]( [The Sick Man of Asia]( with Stephen S. Roach, Nancy Qian, Shang Jin-Wei, and more The rapid removal of zero-COVID restrictions in China has not only fueled a massive surge in infections; it has also generated precisely the kinds of economic headwinds it was supposed to ease. Yet China’s problems extend well beyond the jarring exit from its draconian pandemic-control policy, and doubts about its leaders’ ability to overcome them are mounting. [Read more]( [PS Commentators' Predictions for 2023]( with Mercedes D'Alessandro, Jason Furman, Nancy Qian, and more While no one knows what the future holds, it helps to enter a new year with an appreciation for the big issues that will likely dominate the global agenda. If one thing can already be said with certainty, it is that 2023 will not be boring. [Read more]( [PS. Sign up for our PS on Sunday newsletter.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.