Fearing the rise of Russia-style oligarchs, Xi Jinping looks to remind China’s wealthy class of entrepreneurs who is really in charge.
On the eve of his anointment by the Chinese Communist Party for a second five-year term as China’s leader, Xi Jinping seems to be the master of all he surveys. He has centralized economic and national-security policy in his office. The military and the police are firmly under control. Legions of corrupt officials—some of them political rivals, others caught brazenly on the take—are in jail.
