In his New York Times (Chinese version) op-ed, Yoshikazu Kato, Adjunct Associate Professor of Asia Global Institute, explores whether President Xi Jingping’s power would be challenged due to the recent disarray in China’s economy.
According to Kato, there were criticisms of Xi within the PRC’s Communist Party that he had ignored market logic and experienced colleagues who were well versed in economic policies. This, however, should not be interpreted as ‘Xi’s diminishing power and the rise of Li’s status’. To consolidate his power and status, Xi and his trusted underlings will likely put more emphasis on market economy and internationalization in implementing future economic policies.
To access the full article on New York Times (Chinese version), please click here.
Interview | Is Hong Kong finally ending its love affair with ‘big market, small government’? Analysts ask if it is ready to make the right bets for the economy | Heiwai Tang
Interview | Can Hong Kong win the talent race with Singapore? Cut red tape, improve schemes, set up an official agency, experts say | Heiwai Tang
Interview I Hong Kong must resurrect itself as the gateway to North Asia for Asean I Heiwai Tang
Interview I Hong Kong's Broken Billionaire Factory Shows City Losing Step I Heiwai Tang