News Snapshot:
For a long time, analysts have attributed Chinese President Xi Jinping’s tributes to Mao Zedong to “political staging,” but a the Wall Street newspaper exam recent writings and speeches from Xi suggest they should take him much more seriously. It now appears that Xi is trying “by force” to bring China back to Mao’s socialist vision, the Newspaper writing . It’s a strategy that involves much more aggressive state interference in what may one day be the world’s largest economy. This marks a change from the past 40 years, when Chinese leaders allowed more room for market forces, boosting private...
