Hu Looks To Yesterday For Tomorrow’s Path

President Hu Jintao’s final set-piece speech before handing over as leader of the Party to Xi Jinping boils down to this: China will adhere to state dominance of the economy and one-party rule and will aim to double incomes by 2020. The formula delivered economic growth for the Hu-Wen leadership. It will not do the same for the Xi-Li generation. This Bystander suspects the new leadership full knows it.

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