The world appeared to change on Nov. 15, the day bold and epochal reforms were unveiled that promised to overhaul one of the world’s biggest economies. Analysts, investors and historians alike rejoiced at the audacity of the plan.
Chinese President Xi Jinping put his most personal stamp yet on sweeping policy shifts in the world’s second-largest economy, ushering the end of a decade of consensus-based decision-making that saw reforms stagnate.
Chinese President Xi Jinping’s crackdown on booze-filled bureaucrats and support for the tainted dairy industry have led milk producers to supplant liquor makers as the nation’s top-performing beverage stocks.
The mission for the near-dozen Communists sitting round a table at a Beijing ministry was explicit: criticize their boss, who was present. Party cadres carefully recorded their comments as they spoke, in an echo of sessions held decades ago under Chairman Mao Zedong’s direction.
Analysts including Columbia University’s Andrew Nathan, the Brookings Institution’s Kenneth Lieberthal and University of Sydney’s Kerry Brown comment on China’s decision to expel former Politburo member Bo Xilai from the Communist Party.
China will work toward bolstering global economic growth in 2013, President Hu Jintao said in a New Year’s Eve address, amid optimism that a recovery in the world’s second-biggest economy is gaining traction.