April 14, 2012
A Time for Hard Lessons in China
Nayan Chanda, Times of India
Until last month, all seemed to be in order for a smooth succession of the top leadership in China. Riding three decades of strong economic growth, expanding military power and influence, China's one-party system seemed to have found the perfect formula for a stable government. A unified party leading a harmonised China towards rebalancing the economy and claiming world leadership was the accepted narrative. Suddenly, things look rather uncertain.