Confidence is back, at least when it comes to China. A survey of Bloomberg terminal subscribers around the world shows renewed optimism about China's economy, following the shift to a new leadership, headed by 59-year-old party secretary Xi Jinping. The good news comes after recent encouraging signs in the Chinese economy, including strong growth in industrial profits, retail sales, and trade. Hopes are high that princeling Xi, the son of a former vice premier who pushed economic liberalization some three decades ago, will jump-start stalled reforms, including further loosening of controls over the currency, stricter monitoring of official graft to help address a growing income gap, and encouragement of a more market-based lending system that supports private enterprises.