On Sunday, the Chinese Communist Party Central Committee recommended ending the two-term limit on the presidency, paving the way for President Xi Jinping to stay in office indefinitely. This surely marks the end of an era — and not just for China, but also for the West.

For the West, the era in question started with the end of the Cold War, as old enemies became “emerging markets.” China had already started opening its markets to foreign investment since 1978 under Deng Xiaoping’s reforms. But only in the 1990s did the private sector take off there, and Western firms promptly rushed in to profit from the breakneck speed of Chinese economic growth. Tiếp tục đọc “Globalization Has Created a Chinese Monster” →

The announcement on Sunday that China would abolish the two-term limit for the presidency, effectively foreshadowing current leader Xi Jinping’s likely status as president for life, had been predicted ever since Xi failed to nominate a clear successor at last October’s Communist Party Congress. But it still came as a shock in a country where the collective leadership established under Deng Xiaoping in the 1980s was once considered inviolable. Xi, like every leader since Deng, combines a trinity of roles that embody the three pillars of power in China: party chairman, president, and head of the Central Military Commission. But like every leader since Deng, he was once expected to hand these over after his appointed decade, letting one generation of leadership pass smoothly on to the next. Tiếp tục đọc “China’s Stability Myth Is Dead” →