My interpretation of what happened in China a few weeks ago appears to have been spot on. Xi wasn’t dismissed, but he was reined in. The Party’s instructions are now clear – “do as you’re told, stop acting as a one-man-show, or else…”
Above all, Xi was the face of China and stability had to be maintained.
So, the Chinese Covid lockdown hysteria is over, so is persecution of successful business people and industries, so is the tightening noose of economic central planning.
It’s almost certainly too late to save the economy from the destruction caused by Xi’s return to the days of his hero Mao (at the same time as the world economy was collapsing), but China is firmly back under the control of ‘the Party’.
Xi Jinping is now a figurehead and is conveniently self-positioned to take the blame for the coming economic collapse.