Now that the U.S. election finally is over, it’s time to focus on the other most important leadership transition in the world: China’s.
Like the United States, China is also at a turning point, and though the specifics differ, the crux of the problem is the same: major structural change is critical to sustained future growth and stability, but the country’s current leaders have been unable, or unwilling, to implement the necessary reforms to shift its economy onto a path of sustainable development.
If anything, China’s heirs apparent have the harder task.
