Xi Jinping’s intolerance of dissent within government heightens the risk of Chinese policy mistakes

Lou Jiwei may not be a household name in the West, but the former Chinese finance minister is well known and highly respected among financiers and economic policymakers. Yet, earlier this month, China’s government announced that Lou was being replaced as chairman of the country’s national social security fund. The move reflects a change in the Chinese leadership’s approach to governance that is likely to have profound implications for the country’s future. The removal of Lou from his post…

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