ang10_XinhuaJu Peng via Getty Images_xi jinping poverty alleviation XinhuaJu Peng via Getty Images

Can Xi End China's Gilded Age?

The period after America’s late-nineteenth century Gilded Age laid the domestic foundation for the country’s international primacy in the twentieth century. Likewise, China’s global prospects will depend on whether President Xi Jinping can lead the country into its own era of progressive reform.

ANN ARBOR – Within the span of a generation, a new super-rich class emerges from a society in which millions of rural migrants toiled away in factories for a pittance. Bribery becomes the most common mode of influence in politics. Opportunists speculate recklessly in land and real estate. Financial risks simmer as local governments borrow to finance railways and other large infrastructure projects. And all of this is happening in the world’s most promising emerging market and rising global power.