Economics
Xi Channels Strongman of the Past to Transform China’s Economy
- China forms new regulator overseeing $43 trillion in assets
- Deng pushed China into modern era; Xi seeks tech superpower
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One dragged China into the modern age and pulled off the greatest act of wealth creation in history. The other aims to make the world’s second-largest economy into a superpower.
Deng Xiaoping and Xi Jinping are two disruptive leaders from two markedly different eras. What unites them is a belief that it takes bold action to shock the system into change.