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The rhetoric is changing but Xi Jinping is staying the course

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First published: Financial Times 07/01/2019

The year just ended was a hard one for Chinese president Xi Jinping, and 2019 looks no easier. He has had to acknowledge sudden and unusual domestic criticism of his two signature policies, the Belt and Road Initiative and Made in China 2025, and, seemingly, pulled back from both. The air is rich with speculation about change. Whether this is about optics or substance, it will determine the outcome of the trade war truce with the US and shape China’s economic prospects. Read on….