tirsdag 28. mars 2017

Xi Jinping’s Failed Promises Dim Hopes for Economic Change in 2nd Term

For years, China’s president, Xi Jinping, has talked the talk of economic reform. In January, he dazzled business executives in Davos, Switzerland, with a defense of international trade. Last month, he urged officials to “seize hold of reform and make it an even bigger priority.” And the annual meeting of China’s legislature, starting Sunday, appears sure to echo that theme. But as Mr. Xi nears the end of his first five-year term as Communist Party leader, his record has not lived up to the bold statements, critics say. The question now is whether he was ever really serious about taking the painful steps needed to repair the economy, or merely paying lip service to reform to justify his tightening grip on power. Read more