“New wine in old bottles: What has really changed after the Party Congress?”
The Chinese Communist Party Congress produced an elision of political and personal leadership not seen since the launch of economic reform four decades ago. This has important implications for policy in Xi Jinping’s second five-year term. Xi’s consolidation of power is broad, deep and unprecedented; the membership of China’s Politburo and its Standing Committee opens a new era in Chinese politics: Xi as dominant.
Xi’s uncertain succession plan puts a target on Xi’s back, but Xi knows this and can manage the risks. The new Politburo Standing Committee is more reform-minded than its predecessor; but: the Leninist Marxist system has not changed, nor did the local Manchester Capitalism philosophy. Is there just a new thinking in old structures? Will that be sustainable? And what does it mean to foreign business in China?