Doom in which way? Russia is not going anywhere, population is in complete acceptance of current state (despite everybody complaining, but thats nothing new). Chinese seem the same, don't take some isolated protests from time to time in 1.5 billion population as sign of things breaking apart. They will be probably fine, whether we like it or not.
You are equating the soviet union with Russia. Their economic model was quite different and caused mass famines and eventual collapse.
As for going away, the demographic picture for both countries is horrific. China is in a recession and the one thing they need to do is the one thing Xi is diametrically opposed to and he calls all the shots.
> The Central Economic Work Conference held in December called for “vigorously spurring consumption,” to deal with weak domestic demand and over reliance on exports.
The Central Economic Work Conference is a CCP event where they announce the current direction of the Chinese economy for the year, and is headed by Xi.
Yes but the entire content of the article was taken from what that economist thinks should happen. Not what the actual plans are. The communist party has done no course correction at all so far and the actual decision what to do can only come from Xi.
Because the party is actually only reacting way to late to events. Want to know how they plan economically in reality? Look at the botched covid pandemic- that was a pulse (the pandemic) and the party reacting to it. Now you know about capabilities and reaction speeds of the CCP in the most dire of emergencies.
The statements at the CEWC are endorsements from Xi. He literally talked about boosting consumption at his keynote there.
And that's a key piece of the current 5 year plan. The CCP is actively executing on converting the Chinese economy to more of a consumption based economy.
