HSBC's Neumann Says China's Xi Is Really in Charge

The transcript discusses Xi Jinping's consolidation of power in China and its potential impact on policy implementation and governance. While centralized power may lead to more efficient policy processes, it also poses risks such as lack of dissent and potential governance issues. Despite these risks, Xi Jinping's ambitious targets for China's growth and industrial policy remain unchanged, with a focus on maintaining high investment levels.

In what ways might policy implementation in China become more efficient under Xi Jinping?

What are Xi Jinping's ambitious targets for China's industrial policy over the next five years?