china: China's economic pain is a test of Xi Jinping's fixation with control

China's economic setbacks are challenging Xi Jinping's strategy for securing the country's rise and eroding his image of imperious command. The slump in housing sales, which was partly caused by Xi's crackdown on excessive borrowing by developers, has had a ripple effect on the broader economy. To spur growth, the government may have to give more freedom to private businesses and provide financial support to debt-laden local governments. However, Xi's highly centralized leadership may limit the circle of decision-makers.

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