After all the talk about reform at the CCP plenum, Xi Jinping showed he was mainly interested in power

A street vendor displays a souvenir with pictures of Chinese President Xi Jinping and the late Mao Zedong at Tiananmen Square in Beijing on Nov. 8.    /Reuters

A street vendor displays a souvenir with pictures of Chinese President Xi Jinping and the late Mao Zedong at Tiananmen Square in Beijing on Nov. 8. /Reuters

Perhaps the best comment on the just-ended plenary session of the Chinese Communis Party (CCP) Central Committee was made by the Shanghai and Hong Kong stock markets, which dropped respectively 1.83 percent and 1.91 percent on Wednesday, Nov. 13. While the communique published after the four-day enclave pronounced that henceforward, market forces would play a “decisive role” in the allocation of economic resources, no decisions were made regarding weighty issues including ending the monopolies of state-held conglomerates or allowing rural residents to freely move to and work in the cities.

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