Economics
Xi’s Grand Vision for China Prioritizes Party Power Over Reform
- Speech has few clues on whether Xi will back painful changes
- Xi confident in supremacy of one-party development model
What Xi's Party Congress Speech Means for Investors
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President Xi Jinping laid out a sweeping vision to transform China into a strong global power while guaranteeing Communist Party rule for decades. Those looking for details on major economic reforms didn’t find much.
In a speech to party cadres that went on for more than three hours, Xi on Wednesday outlined a three-decade road map to entrench China’s great power status. By 2050, Xi said the country would be a global leader in innovation, influence and military might.