House of cards

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January 2008

China’s Communist Party must reform if it is to cope with a future of slower economic growth

Gordon Chang’s The Coming Collapse of China was one of the most widely read China books at the start of this decade. In it the author predicted the Communist dynasty would be brought down within five years as the financial system collapsed under a mountain of bad debt and corruption.

The deadline for Chang’s prediction has come and gone, and the Communist Party is still firmly in control. One could even mischievously suggest that Beijing has tightened its grip on power ...

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