As expected, Xi was able to stack China’s top leadership group with close allies. Furthermore, he left the door open to staying on beyond 2022 by not anointing a successor. Unfortunately, there are few signs that Xi plans to use his increased power to resolve China’s key structural problems. The only silver lining is today’s promotion of key officials that favour greater reform, which offers a modicum of hope that policy could shift in a more liberal direction in future as the flaws in Xi’s current agenda become clearer.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services