The Xi Factor
Xi Jinping is now China’s most powerful leader since Mao Zedong, and he appears to be planning to rule just as long. As determined, ruthless, and clever as Xi is, can he maintain his grip should the economy stall, or his dream of returning China to a central place in world affairs fail?
- Minxin Pei believes that the leader of the world’s largest one-party state will soon find out that his ability to shape Chinese society today is more limited that he seems to think.
- Chris Patten says that Xi may be much smarter than Donald Trump, but that is no guarantee of a stable and prosperous future for China.
- Stephen S. Roach, however, argues that there is good reason to believe that Xi will succeed, because the Chinese economy is only in the early stages of its structural transformation.
- Michael Spence thinks that China’s transformation will require Xi to establish viable governance standards that empower the market to help drive the economy.
- Andrew Sheng and Xiao Geng think that Xi’s plans are well mapped, and that he is flexible enough to revise that map as needed.