Economics

Xi Gains Power Mixing Father’s Capitalism With Mao’s Marxism

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Days after Xi Jinping became chief in 2002 of Zhejiang, China’s hotbed of private enterprise, he set out on a tour of the province. His message: more capitalism.

Promoted five years later to the party’s top policy making body in Beijing, and heir-apparent to President Hu Jintao, Xi lectured students at the Communist Party’s main school, by the Imperial Summer Palace. His plea this time: more Marxism.