2013: Asia’s Time?
The most consequential developments will take place in China. Xi Jinping will assume the presidency in March. But as the Communist Party’s leader, he is already the most powerful person in the country. How will he lead? The early signs are promising. After his election, Xi’s first official visit outside Beijing took him to Shenzhen. It was a carefully considered choice. Shenzhen is a “special economic zone” – a poster child for China’s economic reforms. While there, Xi made a point of laying a wreath at a bronze statue of Deng Xiaoping, the architect of China’s fiscal reforms in the 1980s. The symbolism was clear: it is time once again for a bend in the road.