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The ruling Chinese Communist Party's Central Committee lobbied on Sunday to remove text stipulating that the Chinese president "shall serve no more than two consecutive terms" from the Chinese constitution, effectively allowing Xi to rule indefinitely.

On Sina Weibo, China's version of Twitter, the search term "two-term limit" and other sensitive topics had been blocked.

Market-oriented reform requires "regulatory institutions that are backed by rule of law", said Andrew Polk, an economist at Trivium/China, a research firm in Beijing.

Even posts using the phrase "emigration" have been censored - after several users alleged that there had been a spike in web users searching for "emigration" on search engine Baidu since the announcement was made.

Xi, 64, cemented his status as the most powerful Chinese leader since Mao in the 1970s at last year's twice-a-decade Communist Party congress, where his name and a political theory attributed to him were added to the party constitution as he was given a second five-year term as general secretary. Xi's succession to the top party post in 2012 was not without drama.

For President Xi, managing expectations will be hard as China consolidates its economic growth while facing a growing appetite for political and social freedoms to match the new levels of prosperity.

Longer term, they see no benefit but big risks for a state-dominated economy in which growth slowed to 6.8 percent from a year earlier in the latest quarter and is forecast to decelerate further this year.

"President Xi may be in a leading position for a relatively long time", Hu said. That could make foreign companies more skittish about investing in an economy where business groups say many believe regulators improperly support their Chinese competitors.

"Xi's ambition is a double-edged sword", Herrero said.

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The meeting also approved making Nawaz PML-N top leader for lifetime and also paid tributes to his service for the party, country and democracy.

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This is a disturbing prospect not just for China but also for neighboring countries and the entire world.

Following the addition to the CCP Constitution that the People's Liberation Army would "implement Xi Jinping's thinking on strengthening the military" and that the "Chairperson of the Central Military Commission [currently Xi] assumes overall responsibility over the work of the Commission", the November 2017 "Opinions on Comprehensively Deepening Implementation of the Central Military Commission Chairman Responsibility System" reiterated Xi's military leadership in his capacity as chairman of the CMC.

"You already have people calling Xi Jinping emperor for life and he has almost complete control over all aspects of the government in China", CBS News Asia Correspondent Ben Tracy reported Monday. But he tempered that goal by affirming plans to build up state industry and the party's role in business. But I am a Chinese citizen, and I don't plan on leaving.

Reform advocates complain Xi has done too little to curb the dominance of state industry and control surging debt that prompted global rating agencies to cut Beijing's credit rating past year.

In terms of trade relations with the USA, entrenched differences between the world's No. 1 and No. 2 economies will likely remain, said James Zimmerman, former chairman of the American Chamber of Commerce in China. "But that's not the only Xi Jinping", Naughton said.

While the White House and State Department have opted not to criticise the move to drop presidential term limits, Xi's growing power and China's rising challenge to U.S. interests have not escaped notice on Capitol Hill. Like Mao, Xi has had his take on the country's official "socialism with Chinese characteristics" ideology immortalized by the state, a testament to his influence.

Increased pressure on officials to deliver on targets could lead to more falsification of data, Xie wrote, or more clumsy and unsettling attempts to demonstrate compliance at all costs. That overturned a system under which Chinese officials sometimes spent years debating costs and benefits of policy changes.

In conclusion, China and the world should get used to the new era of Xi - and all of its implications.