- September 28, 2021
- Posted by: Stratford Team
- Category: Business
Xi Jinping behind statue of Mao Zedong. (GREG BAKER/AFP via Getty Images)
AFP via Getty Images
China’s rapid changes will impact many American businesses. Companies in the states import many products from China, and China is the third-largest market for U.S. exports. Financial investments also flow in both directions between the two countries. Changes in the country will have major impacts on American businesses.
China grew rapidly after reforms that began with Deng Xiaoping in 1979. Manufacturing developed, exports surged, and then imports grew. The pace of growth slowed as the country matured. The problem now is the heavy hand of President Xi Jinping. His increased regulation was recognized as a negative factor earlier this year, but two recent Wall Street Journal articles highlight his latest moves that will slow economic activity. The first stressed Xi’s Maoist ideology and desire for control of the economy, while…