After Chinese President Xi Jinping gained near-total political supremacy at the 19th Chinese Communist Party congress in late October, the most pressing question on the minds of China watchers was what he would do with his enormous power.
Conventional wisdom now appears to lean toward pessimism. Most analysts think that Beijing will most likely maintain its current course under a powerful leader who has centralized decision-making authority. On the domestic front, Xi is expected to continue to support investment-driven growth while delaying painful financial deleveraging and major structural reforms.
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