In this year's New Year's address, Chinese leader Xi Jinping continued to portray China as being in a very favorable situation, although he acknowledged some difficulties. He highlighted significant achievements across various domains and affirmed the nation's positive trajectory. However, multiple indicators suggest that the situation in China is far from optimistic, accompanied by a discernible weakening of Xi Jinping's authority. While economic data supports the former, the prevailing sentiment among the Chinese people signifies the latter. This view has been shaped by years of failed policies and intensified by Xi's handling of the COVID pandemic, now extending beyond economic con
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