"Everything rises or falls on leadership." With that said, I think the changes that are being brought by President Xi are highly encouraging. His campaign to reduce graft??(I don't think it is possible to elminiate it in China) will do a lot to restore trust in the government by the people.
I recently read his speech about reinforcing socialist values in China and was very inspired. In fact, I'm using his speech as a learning resource for English in my classes here in Zhengzhou.(A big thanks to China Daily for providing the translation of his speech.) Overall, I'm encouraged by what I see in China. It is easy to see the problems when you come here with 'fresh eyes'. Especially 'fresh Western eyes.' You can see a lot of problems in the stark differences between Western and Eastern societies.
Nonetheless, my hopes and beliefs are high for China. Many problems remain, but, I believe that President Xi will continue to accomplish great success in leading China in the direction that it needs to go.