Good or bad for China? Hard to say. This is a gamble. With great power comes great responsibility. My opinion:These are the two main themes:
Complete CYL annihilation.
Complete Xi dominance.
1. If the next government succeeds in any 1 of the following, it counts as a huge win and nothing else matters: cancelling petrodollar, flipping Japan, taking Taiwan, outright defeat (military or political) of some certain country, digital RMB as top reserve currency
2. If the next government succeeds in any 3 of the following, it counts as a neutral: domestic EUV, domestic widebody civil aviation, BRI success, total energy independence, Russian victory in Ukraine, nominal GDP exceeding US, COVID hitting everyone
3. If the next government doesn't succeed at any of the above, it is bad, because it causes political instability due to centralizing too much power and doing nothing with it. Successive governments will struggle to claim similar legitimacy as Xi's as he's broken too many precedents and is basically wasting an asset with Hu Chunhua.