The Current Chinese Leadership Is Retarding China’s Progress. How Far Is This Statement Valid?

The Current Chinese Leadership Is Retarding China’s Progress. How Far Is This Statement Valid?

China, after centuries of downfall and chaos, is coming back in full gears, ready to satisfy her obsession to pull herself out of   past humiliation and demise. The past generation of leaders did it, under the iron-fist regime of Mao, a war-torn and disoriented China finally managed to emerged from a century of civil wars and foreign oppressions. Guided by visionary Deng Xiaoping, the entire nation undergoes revolutionary changes in the political and economic system, laying an unshakable foundation for the current fastest growing economic body in the world. Now under the leadership of the current generation of leaders, China’s continuation of rapid progress has been questioned. With the severe problems like rampant corruption, stagnation in the progress to democracy knocking on the door step for decades, one may eventually start to wonder if the current China leadership is retarding the progress of China?

Ever since the market economic reform in 1978, the word “retardation” simply cease to exist in the Chinese’s dictionary when it comes to economy. The current leadership of China has indeed lived on Deng’s legacy of using capitalist approach to propel the economic forward by doing a terrific job at herding the economic growth. The evidence of China’s economic progress is not hard to find, with the stunning annual GDP growth rate, the sheer influx of foreign investment and the gargantuan size of manufacturing and exportation industries, China leadership has proven itself well enough by passing up such score sheet with flying colours. However, those statistics and figures do not tell the whole tale. What China’s economy really need is no longer impressive stunning growth, but rather sustainability, especially during troubled and uncertain times. Being highly volatile, pragmatic and adaptable, the current leadership has once again demonstrated it prowess in steering China’s economy progressively, even through turbulent times. One example to back the fact that the...