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Opinion: Loose monetary policy and stalled restructuring of state enterprises indicate Xi Jinping has changed course on reformist stance of 3 years ago

2 months ago
Sky Canaves
t is possible "that reform under the party has reached its natural limit, because the system as it is — half-reformed — remains crucial to support the party’s own apparatuses," writes Rowan Calico. "Xi may have already come to terms with the fact that these are the cards he has to play with, and is shuffling them around as best he can, ensuring others can’t see his hand."
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.