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 challenges did the leader face in promoting substantial changes in the economy?

What is expected in the next five-year term regarding economic policy implementation?