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Nov
2012

The new leadership and luxury: domestic consumption and taxes

The party election and appointment process is over, at least for the top jobs in China, and at this time, appointments and movements up the party ladder, or sideways into the lesser jobs are underway. Supporters of Mr. Xi and Mr. Li, the princeling and the popularist will be using their connections and influence to get a better job, while others who will at some point depend on a ‘friendship’ to oil the wheels of commerce, will be studying who they really need to build a relationship with…

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