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What’s Next for China’s Political Economy?

Slowing growth and the ongoing trade and technology war with the United States have forced China’s leaders to address a fundamental dilemma at the core of the Chinese political economy. Can the Communist Party of China both deliver on the “Chinese Dream” and maintain absolute control over the country?

LONDON – To understand where the Chinese economy is headed, it is important to understand the wider context surrounding Chinese debates about what the future holds under President Xi Jinping. The centenary of the Communist Party of China (CPC) in 2021 is the first weigh station for evaluating the progress made toward realizing Xi’s “Chinese Dream.” In 2013, the year after he became China’s paramount leader, Xi promised that by the centenary, poverty would be eliminated and the country would achieve “moderate prosperity,” which is usually interpreted in official Chinese outlets as middle-income status.