China’s New Leaders: Don’t Get Your Hopes Up
March 08, 2013 / Minxin Pei
FORTUNE
This op-ed was originally published by Fortune Magazine. Click here to read the complete article.
FORTUNE -- Ever since Xi Jinping, China's new leader, ascended to the top spot of the ruling Communist Party's hierarchy last November, he has promised repeatedly to restart China's long-stalled economic reforms. With the opening of the annual session of China's rubber-stamp parliament (officially known as the National People's Congress), Xi and his colleagues finally have a chance to show the Chinese people what kind of reforms they have been thinking about.
Of course, it may be too early to analyze the pronouncements coming out of the congress since its most important business, such as announcing the restructuring of the State Council (the cabinet) and appointments of key economic officials, has not concluded. However, based on the information leaked to the press, it appears that the new leadership will not embark on a bold course of reform. Caution, not risk-taking, will remain the modus operandi of Chinese leadership.
Read the full article from FORTUNE here.
Minxin Pei is a non-resident senior fellow at the German Marshall Fund of the United States as well as the Tom and Margot Pritzker Professor of Government and director of the Keck Center for International and Strategic Studies at Claremont McKenna College.



