the black China hand

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.

Since much China’s growth has relied on exports (as also with the US) the chances of keeping a “harmonious society” (and for the leadership to stay in power) will be greatly affected by something they don’t really control: getting the world at large to continue buying their exports.

China’s Team of Rivals