Where is China going: back to the planned economy or strengthening capitalism?
At the recent 19th Congress of the Chinese Communist Party, held on 18-24 October in Beijing, Xi Jinping took the opportunity to let the world know that China is a “mighty force” soon to reclaim its rightful position as the “Middle Kingdom”, i.e. the centre of humanity. Behind all the bluster, however, one could detect unease at the prospect of growing internal instability that flows from the impending crisis of capitalism.