What Will Xi Jinping Do After the Party Congress?

CHINA ADVISORY - Report 03 Oct 2017 by Andrew Collier

Most analysts believe Xi Jinping is likely to increase his power following the Party Congress on October 18 by strengthening his control over the Party’s Standing Committee. This, in turn, could give him the political freedom to institute economic reforms, including the restructuring of state firms and the reduction of risk in the financial system. However, I believe his power is limited by several factors: China’s decentralized economy, the power of central SOEs, and national fiscal demand for credit, from both corporates and consumers. Therefore, I expect few substantial changes to China’s economy. However, I do expect several policies to emerge where Xi has greater control.

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