Xi is afraid on a personal level so he’s reaching for MORE CONTROL. That’s what happens when we feel things are spinnig out of control. It’s the wrong response.
Big mistake on Xi’s part.
Capitalism works - keeps the machinery of progress oiled. Bad things are happening all over the world. It’ll pass - always does. Xi needs to relax control. His people are smart and capable and will do what keeps their fiefdoms going - which is what keeps the country going.
All he needs is for the military to stay loyal to him.