Case Study: China
Summary: For the past three decades, China’s economic and social development trajectory has been growing at an average of about 10 percent GDP growth rate and more than 600 million people have been lifted out of poverty. With a population of about 1.4 billion, China became the second largest economy and is a major political and financial player. Aspirations to become a world leader, in par with the U.S run deep. China is setting up complementary or parallel structures to existing western dominated institutions to augment strategic autonomy, which in future can challenge international rules and shift the balance of global order. President Xi Jingping’s foreign policy reflects his wariness of western influence and his desire …show more content…
There are a large number of disenchanted citizens. With a growing domestic society, there is less space for free and candid exchange of ideas that allow for innovation and creativity within the society. The absence of ‘rule of law’ and ‘unwritten rules’ that suppress citizens and activists is a political reality. The draft foreign NGO law if passed will affect more than 1000 foreign NGOs that operate in China, some that provide a funding gap at the grass root levels.
China’s demographic tidal wave will soon take effect and is irreversible because of the infamous “one-child policy.” The percentage of aging population is increasing and its working population will start to decline. China’s healthcare system is underdeveloped and this will have implications on the younger generation and on the overall economy. Dependency ratio will rise and household savings will decline. “Often referred to as the 4-2-1 problem, the policy has meant that one child has to support two parents and four …show more content…
The immediate challenge for China is to sustain its growth by promoting inclusive development, and advancing mutually beneficial relations with the world. China should reinvigorate the core drivers of growth and should focus on internal stability and quality of economic growth rather than quantity and pace of growth.
Implementing the next five year plan (2016-2020) will be critical to China’s transition as the global economy moves into a new and unpredictable phase. The plan will garner support for its political legitimacy and will serve as a roadmap to advance key national reforms and policy changes, enhance rule of law, enforce party discipline and upgrade government functions.
The ambitious plan once implemented could pave the way for a form of democratic evolution just in time for China’s next generation and its new leaders. Modernization changes societies over time. It is likely that with a more closely integrated global economy, a better educated citizenry, and the rise of social media, China could be at the threshold for a democratic change in the very near