President Xi Jinping and Premier Li Keqiang have now been confirmed in China's top jobs and are now all set to steer the country to overtake the United States as the world's biggest economy by the middle of the decade, a great dream for the so-called Xi-Li "Dream Team."
China has raced from strength to strength with unprecedented real growth rates never seen before in the world, not for one year but for 30. China's 9 percent growth in per capita terms between 1982 and 2011 far outstrips Japan's record of 6.3 percent growth in 1951-1980.
Moreover, China is still ticking ahead at 7.5 to 8 percent, while developed countries are languishing, and are crippled with heavy debts. So the Dream Team should be able to dream about a great future. However, Xi and Li were warned last month by their own colleagues that the country needs reforms or the dream economic growth could easily turn into nightmares.