IN THE months since China implemented its once-a-decade leadership transition, American policymakers have been watching closely to see whether changes in personnel might augur any change in Chinese policy toward the United States. As the year of the dragon draws to a close and Barack Obama busies himself trying to replace many of his most senior officials for his second term, it is China’s turn to wonder what his new team means for what is (arguably?) the world’s most important bilateral relationship.

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