Reuters reports: "China's Communist Party gave President Xi Jinping the title of 'core' leader on Thursday, putting him on par with past strongmen like Mao Zedong and Deng Xiaoping, but it signaled his power would not be absolute....The 'core' leader title marks a significant strengthening of Xi's position ahead of a key party congress next year, at which a new Standing Committee, the pinnacle of power in China, will be constituted. Since assuming office almost four years ago, Xi has rapidly consolidated power, including heading a group leading economic reform and appointing himself commander-in-chief of the military, though as head of the Central Military Commission he already controls the armed forces. While head of the party, the military and the state, Xi had not previously been given the title 'core'. Deng coined the phrase 'core' leader. He said Mao, himself and Jiang Zemin were core leaders, meaning they had almost absolute authority and should not be questioned."
The New York Times: The Opinion Pages comments: "Throughout the 1990s and early 2000s, American business executives and political leaders of both parties repeatedly put forward what I label the 'China fantasy': the view that trade, foreign investment and increasing prosperity would lead to political liberalization in the world's most populous country....To say the least, things in China haven't turned out that way. Over the past few years, the Chinese regime has become ever less tolerant of political dissent — to such an extent that, these days, American leaders have become far more reluctant to make claims about China's political future or the impact on it of trade and investment. The 'China fantasy' got the dynamics precisely wrong: Economic development, trade and investment have yielded greater political repression and a more closed political system. This amounts to a new China paradigm: an intensely internationalized yet also intensely repressive one-party state....Why is it that trade and investment have led to a Chinese regime that represses dissent more than it did five, 10 or 20 years ago? The answer, put simply, is that the regime thinks it needs to do so, can do so and has fewer outside constraints inhibiting it from doing so."
The Washington Post: Wonkblog comments: "Shortly after his private plane landed in Ohio on a recent morning, the Chinese billionaire set off down Interstate 75 to inspect the factory on which he has staked his legacy and the future of this gritty patch of the American Rust Belt....Now Cho Tak Wong is in charge of the factory. The billionaire chairman of Fuyao Group, the biggest maker of automotive glass in China, Cho rose from rural poverty by riding the same wave of globalization that devastated Moraine....But the next chapter of globalization is already unfolding inside Fuyao's factory, as the balance of power in the world economy tilts once more. Now it is China that experts fear is losing steam, forcing the country's wealthy investors and corporations to seek out profits overseas. They are snapping up U.S. businesses at a record rate and employing tens of thousands of U.S. workers. The shift is realigning Chinese and U.S. interests....'We're committed to working to benefit both the Chinese and American trade relations,' [Cho] said in an interview, speaking through a translator. 'All these problems will go away.'"