China’s new leaders: Good for biz, bad for reform

Originalmente publicado en Business 360:

(CNN) – China unveiled the elite group of seven who will set the agenda for the next decade. Leading the group: Xi Jinping, now the nation’s most powerful man.

Now that China’s Communist Party has officially put its stamp on its new leaders, political scientist Willy Lam offers this analysis:

“By and large, we have a conservative team,” Lam told CNN. “We can expect no substantial or meaningful movement toward political reform, in favor of staying the course, maintaining political stability and defusing challenges to the party’s authority.”

Reformers are concerned that two protégés of former President Hu Jintao – Liu Yuanchao and Wang Yang – weren’t selected. “Liu and Wang were considered to be pro-reform, so for those hoping for reform this is quite a disappointment,” Lam said.

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