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I FORESEE TO WIN
NOTHING IS PERMANENT EXCEPT CHANGE

Local governments owe estimated $6tn off the books after years of projects

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A sudden bout of bureaucracy-building sends a strong signal to Chinese officialdom—but it’s unlikely to tackle the system’s deep-seated challenges.

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http://nationalinterest.org/feature/xi-jinping-chinas-all-powerful%E2%80%94-possibly-last%E2%80%94communist-24711 Xi Jinping: China’s All-Powerful—and Possibly Last—Communist Ruler

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