October 19, 2012

Why China Will Open Up Further

Jon Huntsman, Fortune

AP Photo

Just two days after Americans cast their votes for President next month, more than one billion Chinese will anxiously await the announcement declaring the new leader who has been chosen for them. The unofficial president to-be, Xi Jinping, will arguably become the world's most important political figure overnight. The transition comes at a time when global leaders are beginning to demand a more transparent and cooperative China, which ranks as the world's largest exporter and second largest economy behind the United States. The rise of the Internet, particularly social media, has provided Chinese citizens with a wealth of information previously out of reach, and social and economic tensions both domestically and abroad will test Xi and his new Politburo Standing Committee...

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