Thursday, November 7, 2013
Market Liberalization and The Problem Of Political Liberalization In China
China's system of capitalism has produced rapid growth, but it has also introduced problems that it must deal with. This article describes some of the reforms that might be discussed at its current plenum of party leaders. Major reforms always effect vested interests who will tend to resist reforms that affect their privileges. Some of these areas of resistance are also described in the article. The basic question that Chinese leaders face is the problem of economic liberalization in a political system that has depended upon extensive state political control.