The economic rise of China, under the leadership of the Communist Party of China pursuing a vigorous model of state capitalism relying heavily on an export-led model of growth, has made millions of people reasonably well off in a relatively short period even if China remains a developing country. As such, it is unlikely that the new leadership of the party (and hence the country) that was named along expected lines on Thursday at the weeklong session of the National People’s Congress, will do much to rock the basic model of development — and political control — that was underlined by Deng Xiaoping in 1979.
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