November 7, 2012
China's Alarmingly Murky Leadership Transition
Jonathan Fenby, Harvard Business Review
Imagine a presidential election in which there's only one candidate, and he's said nothing about his intentions or policies. That's the reality in China right now.
With the media focused on the U.S. presidential election, we would do well to remember the other great political event of the year — coincidentally happening just two days later. The 18th National Congress of the ruling Communist Party of China (CPC) is scheduled to start on November 8th. And while we can expect the U.S. election to provide a choice for distinct policy alternatives and a clear result, the outcome of the Congress of China's Communist Party, which takes place every five years, will be far more murky. And that's dangerous — not just for the rising superpower, but also for the rest of...