Liberalism retreats in China
The Communist Party is increasing its sway over the political system. Economic nationalism is on the rise, with foreign investors facing new obstacles. And Chinese foreign policy has become more assertive. In this briefing note, Charles Grant asks whether the growth of authoritarianism is is a short-term blip or a long-term trend. He notes that the pragmatism of China's leaders and the interests of the economy will constrain the actions of hard-liners. But he worries that the increase of nationalist sentiment and role of the state in the economy are stoking serious problems for the future.
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