Economics
China's Most Influential Leader Since Mao Is Expected to Play It Safe
- The most influential leader since Mao is focused on stability
- Xi seen playing it safe with focus on North Korea and Trump
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President Xi Jinping is expected to emerge from the twice-a-decade Chinese Communist Party’s congress that starts Wednesday as the most powerful figure in Chinese politics since Mao Zedong. Far less certain is what he’ll do with all that enhanced political clout.
Global investors and executives hoping an emboldened Xi will tackle the big structural challenges facing China--from sprawling and inefficient state-owned companies to a massive corporate debt overhang--may be disappointed, according to analysts.