Arrogance of China

China’s new generation of leaders, led by Vice-President Xi Jinping, and popularly known as ‘Princelings’, will take charge within a year. They will inherit the mantle of ruling a country that has astounded the world by its path-breaking economic transformation. But they will also face challenges of having to deal with reconciling the contradictions between an open economy on the one hand, and an authoritarian and opaque political system on the other.

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