China’s economy appears to be slowing down after years of booming growth. To revitalize the economy, the current Chinese leadership needs to get its priorities right in one particular area.
General secretary Xi Jinping formally assumed the title of Chinese Communist Party “core” leader at the regime’s recently-held Sixth Plenum in Beijing. This ascension, as well as his declaration that he would “strictly govern the Party,” indicates that Xi’s three-year campaign to purge the regime of the political faction of Jiang Zemin, a former communist leader, has thus far been successful. Xi’s ascension also indicates that the next stage of clearing out the Jiang group will very likely pick up pace.
