The core failure exposed by China’s fall from double digit GDP growth to approximately 5% or less is in the working of its state capitalist system. Excessive _____________ of economic decision-making authority in Xi’s own hands at the expense of Premier Li Keqiang, who is theoretically _____________ the economy, and the former’s contradictory priorities of cracking down on official corruption while preserving the commanding position of public sector enterprises, _____________ a major hand in China’s contemporary troubles. Speculative bubbles in real estate and overcapacity in manufacturing and infrastructure had _____________ the Chinese GDP racehorse for years and oiled the palms of the Communist Party bureaucracy.