By William H. Overholt

East Asia Forum-Aug 11, 2018

The dominant narrative in the West reads that China has a stable administration run by a ‘president for life’ who is the most powerful leader since Mao Zedong. China has escaped the pressures for political change that transformed earlier Asian miracle economies at similar levels of development. It has consolidated a particularly repressive market Leninism, which is destined to grow rapidly for the indefinite future. And its increasingly centralized economic control and ambitious industrial policies are so efficient that they constitute an unlimited threat to the West.

Read more at: http://www.eastasiaforum.org/2018/08/11/the-west-is-getting-china-wrong/

First published in: East Asia Forum