I have long said that Xi's plan will fail because a truly great economy will not finally arise and be sustainable under a totalitarian dictatorship. I've long held that a truly grassroots democracy (something that doesn't yet exist in the "West") is necessary to bring forth a great, sustainable economy.
When Innovation Meets Authoritarianism:
China is the staging ground for an economic experiment: Can innovation succeed when it’s directed by an authoritarian state? INET President Rob Johnson sits down with Julian Gewirtz to discuss his book Unlikely Partners: Chinese Reformers, Western Economists, and the Making of Global China (HUP, 2017).
I enjoyed this discussion/interview but want to hear both of them explain in detail why they too think that Xi's way is not the right approach.