BofAML's Qiao Says Xi Is Much More Powerful

The transcript discusses the expectations from leadership at the start of a five-year term, focusing on policy documents and reforms. It highlights the challenges in implementing reforms due to vested interests and the consolidation of political power. The discussion also covers the impact of political power on China's economy and its global implications. The need for substantial changes and future directions in economic policy is emphasized.

What was the general expectation from the leader at the start of his first five-year term?

• To maintain the status quo

• To implement significant reforms

• To focus on foreign policy

• To reduce government spending

How has the leader's power changed since the beginning of his term?

• It has shifted to other leaders

• It has become more consolidated

• It has remained the same

• It has decreased significantly

What strategy was used to consolidate power in China?

• Anti-corruption measures

• Cultural reforms

• Economic liberalization

• Military expansion

Why is a strong political power base crucial for economic reforms in China?

• To improve technological innovation

• To attract foreign investment

• To navigate vested interest groups

• To ensure public support

What has been the global perception of China's recent actions?

• More focus on political consolidation

• Decreased international influence

• More focus on economic policy

• Increased transparency