Financial TimesFinancial Times

China’s economy: Does Xi Jinping need a plan B?

By Sun Yu, Thomas Chan and Joe Leahy

17 Jul 2023 · 9 min read

Looming over the Yangtze River, the Wuhan Greenland Center was meant to be Central China’s answer to the Burj Khalifa, the world’s tallest building.

When it was unveiled in 2011, the tower was intended to have 120 floors, host a five-star hotel and attract Wuhan’s rich and powerful with its helipad and cathedral-sized lobby. There was to be an expansive Communist party “service centre” where elite patriots can conduct their political affairs in style while enjoying the view. Marketing materials describe it as a “building for individuals who can personally impact GDP”.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content
Or

LoginForm.agreeToTerms