China at a Crossroads: Distress Over Democratization or an Omen of Collapse?
Having surged to the center of the world’s political and economic stage, China is plagued by contradictions. On the one hand, Maoism is enjoying a comeback: the CCP ax-sickle flag is flying everywhere, “red songs” are back in fashion, loud calls for another “Cultural Revolution” are heard, and jobs in the government and at the state enterprises are once again favored by the young generation. On the other hand, however, the movement to defend people’s legal rights and interests is stronger than ever, calls for political reform proliferate, and many foreign enterprises are still eager to invest in China. The challenge is to penetrate this confusion and try to divine where China will go in the future. Through an in-depth analysis of China’s actual conditions–the “crossroads” it faces–this presentation suggested ways to make sense of China’s uncertain future.
Junhua Wu // Public Policy ScholarChairwoman and Chief Economist, The Japan Research Institute (Shanghai) Consulting Co, Ltd., Council Member. The Japan Research Institute Ltd. (JRI), Sumitomo Mitsui Financial Group (SMFG). Tokyo, Japan., Honorary Research Fellow. Center for Japanese Studies, Fudan University. Shanghai, China., Chief Senior Economist. JRI, SMFG. Tokyo, Japan.