But he may have to relinquish some of that control, as that strategy comes under pressure.
The economic setbacks are eroding Mr. Xi’s image of imperious command, and emerging as perhaps the most sustained and thorny challenge to his agenda in over a decade in power.
“The worse things get for China’s economy, the more likely it is that Xi Jinping has to make some course correction.”Earlier this year, Mr. Xi started his third term as China’s president, appearing indomitable.
He was committed to taming the debt-laden real estate sector even as home sales fell.
And he had a new Communist Party leadership team of loyalists poised to push through his growth plans.
Persons:
” Neil Thomas, Xi Jinping, Xi
Organizations:
Communist Party, Asia Society’s Center for
Locations:
Asia Society’s Center for China