The New Paradigm for Party-State Relations

At a macro level, do you see China's political economy as having now entered into a new phase of development? Many say that the reform and opening era died under Xi Jinping. Do you think this is a new paradigm? I think it's very difficult for the party to accept fundamental S.O.E reform. And especially now where you have problems with the private sector, you're going to really rely on the private sector.