Short term, it’s going to be a disaster for the Chinese government. Most countries got wealthy before they got old. China is not. And unless its economy suddenly booms again for another decade and spreads the wealth evenly, its next generation are going to be financially/personally strained supporting a lot of elderly people.

This may be a prime motivation in Xi’s actions.

China bad and old! ༼ つ ◕_◕ ༽つ