BEIJING -- The title of U.S. President Barack Obama's pre-presidential biography is "The Audacity of Hope." Chinese President Xi Jinping has written his own document released this week -- The Communist Party's 13th five-year plan -- that might be titled "The Audacity of the Chinese Dream." This blueprint for China's future signals the most momentous shift in direction since the death of Mao and Deng Xiaoping's reform and opening up in 1978. Not a leader to rest on the laurels of his country's success so far in rising to the top ranks of the global economy, Xi wants to leap over the "middle-income trap" in which development becomes stuck in a low-wage manufacturing export economy. To do that,...
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