Text size About the author: Stephen Roach is a senior fellow at the Paul Tsai China Center of the Yale Law School. It has been a rough stretch for the few of us who have been dubbed congenital China bulls. It isn’t just the mounting protests over an absurdly impractical “zero-Covid” policy. Nor is it the long overdue implosion of an overly levered property sector. It’s mainly traceable to the bellicosity of Xi Jinping, China’s most dominant leader since Mao Zedong. For Xi, it is all about power and control. He certainly has plenty of both, especially after his lifetime...