CAMBRIDGE – The Communist Party of China’s 20th National Congress, which gave President Xi Jinping an unprecedented third term as general secretary, also featured a leadership shakeup that replaced market-oriented technocrats with Xi loyalists, raising questions about China’s plans for its faltering economy. Excessive state control, after all, is a tried-and-true recipe for becoming mired…
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This article was originally published by Project-syndicate.org. Read the original article here.