Mr. Xi is already China’s most powerful leader in decades. The market would play a “decisive role” in allocating resources, Mr. Xi declared. “People expect faster, radical reform after the party congress” late this year, when Mr. Xi starts a second term as party leader. We should keep enough water to raise fish.”Some of the initial hopes that Mr. Xi would turn out to be a market liberalizer were probably never realistic. Most experts expect Mr. Xi will stay much the same leader he has been for five years, unless slowing growth and rising debt produce a shock.

Source: New York Times March 04, 2017 16:18 UTC