Global financial crisis threatens China’s stability?

From The New Republic: “For years, the Beijing regime has stayed in power using a basic bargain with its citizens: Tolerate our authoritarian rule and we’ll make you rich. And for years, this seemed to work, leading many China-watchers (myself included) to conclude that Beijing was rising into great-power status. But as the financial crisis shows, that bargain rests on weak foundations.”

Leave a Reply!