The costs of Xi’s overreach and his lack of power sharing are frustrating members of China’s elite.
By claiming a third term at the 20th Party Congress, Xi Jinping has become China’s most powerful leader since Mao Zedong. Now he will be leader until either he dies or is deposed in a power struggle. With old Party institutions melting away under his watch, Xi may be inaugurating a new period of political uncertainty that is superficially stable, but structurally fragile.
Xi has restored a personalistic dictatorial regime and demolished the collective leadership and intra-party rules that D
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Chinese companies have decided that the best place to make money right now is outside of China. The phenomenon known as chu hai (出海), which translates to “go global,” has taken hold, marking a kind of second 'go out' initiative. This time, however, Chinese companies are being met with scrutiny and suspicion.
The former Commerce Secretary and ambassador to China talks about how his background shaped his approach to dealing with Beijing, the pivot to Asia and negotiating Chen Guangcheng's release.
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