China and Neighbourhood

China’s Team of Rivals

0 1

Cheng Li

the two dozen senior politicians who walk the halls of Zhongnanhai, the compound of the Chinese Communist Party’s leadership in Beijing, are worried. What was inconceivable a year ago now threatens their rule: an economy in freefall. Exports, critical to China’s searing economic growth, have plunged. Thousands of factories and businesses, especially those in the prosperous coastal regions, have closed. In the last six months of 2008, 10 million workers, plus 1 million new college graduates, joined the already gigantic ranks of the country’s unemployed. During the same period, the Chinese stock market lost 65 percent of its value, equivalent to $3 trillion. The crisis, President Hu Jintao said recently, “is a test of our ability to control a complex situation, and also a test of our party’s governing ability.”

 

With this rapid downturn, the Chinese Communist Party suddenly looks vulnerable. Since Deng Xiaoping initiated economic reforms three decades ago, the party’s legitimacy has relied upon its ability to keep the economy running at breakneck pace. If China is no longer able to maintain a high growth rate or provide jobs for its ever growing labor force, massive public dissatisfaction and social unrest could erupt.

 

Excerpt reproduced with permission from Foreign Policy, www.foreignpolicy.com. Copyright 2009 Washingtonpost.Newsweek Interactive LLC. Re

Read more…

About the author / 

CESRAN Int.

Leave a reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

CESRAN Blog

  • Outbidding in Times of Uncertainty – Post-conflict transitions and competitive violence.

    Large bombings, only days apart, in Bogota and Derry/Londonderry have put paid to any notions of a simple peace process in either country. These events show that the two very different conflicts display many of the same dynamics. Both countries have seen increasingly fragmented peace processes, with multiple non-state actors and intransient splinter groups vying…

  • The inherent dangers of secrecy in the US foreign policy

    Since the Vietnam War, officials of the United States have increasingly abused the essential democratic safeguards of accountability and an informed citizenry in apparent attempts to protect themselves from being held accountable for their actions. They use secrecy and disinformation to prevent the American people from obtaining the information they need to evaluate their government’s…

  • 18th Issue of Political Reflection Magazine is Out Now!

    Vol. V | No. I – January-February-March 2019 To Download the Magazine Click Here… CONTENTS 05-06…..World News by Furkan Sahin 09-14…..The Ideological Potential of Climate Change: (Post) Politics in the Age of Global Warming by Miguel Angel Zhan Dai 15-18…..Yemen Civil War: A Conflict That Has Never Ended by Dr. I. Aytac Kadioglu 21-25…..NATO: The Shifting Sands of an Alliance by…

  • CESRAN International Named again amongst the Top Think Tanks in the World

    CESRAN International is pleased to announce that it has been named again amongst the world’s best think tanks. The 2018 Global Go To Think Tank Index ranked CESRAN International 141st among the World’s “Top Think Tanks in Western Europe” 76th among the World’s “Top Environment Policy Think Tanks” 152nd among the World’s “Top Foreign Policy…

  • New Issue is Out Now!

    Vol. IV | No. V – October-November-December 2018 To Download the Magazine Click Here… CONTENTS 04-06…..World News by Furkan Sahin  08-20…..Terrorism in Syria and Beyond: An Interview with Prof. Alain Gabon by Dr. Rahman Dag 22-24…..Erdogan’s Best Shot is Still in the West by Dr. Murat Ulgul 26-30…..Raqqa vs Kobani – Terrorism vs Revolution by Dr. Rahman Dag 32-34…..Future of…

Newsletter