looking beyond borders

foreign policy and global economy

China’s princelings come of age in new leadership

In China they are known as “princelings” — the privileged children of the revolutionary founders of the People’s Republic of China. And in the generational leadership change that just took place in Beijing, it could not have been clearer that having the right family bloodlines is among the most important attributes an ambitious cadre could possess.

Of the seven men who now comprise the Communist Party’s new politburo standing committee, the apex of political power in China, four are members of “the red aristocracy”, led by the new general secretary of the party, Xi Jinping.

The thriving of the princelings should not be a surprise, analysts and party insiders say. Rarely in its six decades in power has the party been under more stress. Public anger over widespread corruption, widening income inequality and vast environmental degradation have chipped away at its legitimacy.

Read Here – Reuters

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