World Is Raining on China's Parade

World Is Raining on China's Parade

For China's cautious leadership, no news is good news -- and this has been a bad month. Rising tensions with the Philippines in the South China Seas have reached a point that Beijing has deployed ships. The ceasefire in Syria seems to be fraying -- again. Sudan and South Sudan are again engaged in armed conflict. And the United States, whose decline the Chinese leadership continues to trumpet, continues to pivot closer to Asia and is on the brink of dispatching an ambassador to Burma. The only good news seems to be North Korea's failed rocket launch.

What is most threatening to Chinese leaders, however, is the scandal of deposed Chongqing Party Secretary Bo Xilai, arguably the biggest domestic political crisis in China since 1989. The year 2012 appears unlikely to play out at home or abroad the way the Chinese leadership had hoped -- with a smooth political succession underscoring China's rise to a global power.

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