Chinese leader Xi Jinping’s recent speech to the Communist Party Congress could be one of the most consequential of the decade. He told the audience – and the world – that his economic growth-crushing zero-Covid policy is here to stay, and that Beijing is more determined than ever to reunify with Taiwan, peacefully if possible and by force if necessary. We are living in a moment of deep geopolitical rifts and extraordinary economic uncertainty, epitomised by Xi’s pronouncements. The world is clearly not reverting to some pre-Covid status quo. Instead, a combination of underlying forces has upended the previous world...