The investment industry is fond of pointing out that past performance is no guide to the future. Suggesting the same of the Party would surely risk being condemned as „historical nihilism‟: the Party‟s performance is a constant and upward progression. Even though a constant theme of Xi Jinping‟s speeches is the need for innovation, his Report is likely not just to follow the format of past congress reports, but also to repeat much of their content. That should be no surprise, not least because he was in charge of the drafting of the Report delivered to the 18th Party Congress by his predecessor Hu Jintao.
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