#Matthews: Bidenomics is Xinomics with American characteristics | The Hill
Deng Xiaoping, who led China from 1978-89, famously described his effort to integrate limited, free market capitalism into China’s communist system as “socialism with Chinese characteristics.” Taking that step helped China become an economic powerhouse and the world’s second largest economy. Chinese President Xi Jinping has been steadily undoing Deng’s reforms by imposing top-down, command-and-control policies, and China is suffering for it both economically and…