A Square Peg In A Round Hole

Wang Qishan is an experienced banker and has the most expertise among the likely candidates for slots on the Politburo standing committee when it comes to economic reform. Yet he is slated to be the Party’s top disciplinarian. Unless this is some deep seated plot to crack some of the most entrenched vested interests that stand in the way of economic reform, and this Bystander doubts it is, much as we would like it to be so, it does not bode well for the future of economic reform under the incoming leadership. Wang does have a track record of being a firefighter, though, so the crackdown on corruption could be more effective than was similarly promised when the Hu-Wen leadership took over a decade back.

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