China: New Leaders, New Plans and Potential Troubles

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China stunned economists and rattled stock markets worldwide by raising interest rates today for the first time in three years, after four days of secret meetings by 300 or so top Communist Party leaders which ended yesterday. China watchers are trying to analyze the leadership choices and new five-year plan. What’s next for economic growth, the environment and housing prices? Will censorship give way to greater openness? What about competition with the US?




Warren Olney