PrintOctober 9, 2010
Political Reform: An Impossible Mission for the Present China
China has firm reasons for being proud of its economic achievements. Last year, China passed Germany as the world's number-one exporter. This year, China overtook Japan as the world's second-biggest economy and has the largest foreign exchange reserves (worth 2.5 trillion dollars) in the world. However, China's economic good fortune seems to be coming to an end.China's exports are slumping; its domestic consumption continues to flounder. The problem is an ever-increasing gap between the rich and the poor in China caused by a highly centralized system of power. China's state-controlled economic development is obviously a bottleneck to further fiscal advancement; working on political reform is a must. Apparently, some of China's top leaders, who are all members of the Communist Party, have been well aware of the seriousness of the situation. These leaders, however, either as Marxists or as practical rulers, have all clearly known the close connection between political reform and...(Read Full Article)
