Xi Jinping is now China's most powerful leader since the late Deng Xiaoping (left), whose tenure offers four useful lessons for the current leader. Mr Xi is now China's most powerful leader since Deng. For Mr Xi -- himself a sent-down youth -- accepting higher short-term costs from reform would speed the reallocation of resources. Beyond the selection of the Standing Committee, Mr Xi has a number of key appointments to make -- likely including the next head of the central bank. Deng's clearest lesson for Mr Xi is that market reforms -- not state planners -- are the path to China's national renewal.

Source: Bangkok Post October 25, 2017 20:48 UTC