Can Xi do it? This is the biggest political question in the world today. “Yes, Xi can,” some tell me in Beijing. “No, he can’t,” say others. The wise know that nobody knows.
There is a great debate going on in Washington about whether the US should change its China policy in response to Beijing’s more assertive stance under President Xi Jinping. This includes the reported stationing of artillery on theextraordinary artificial islands it is building on underwater reefs in the South China Sea. It also matters to everyone everywhere whether China can sustain its economic growth as it exhausts its ready supplies of cheap labour, avoiding the traps into which some middle-income economies have stumbled. Yet even more than in other countries, the future of China’s foreign policy and its economy depend on the quality of decision-making produced by the political system. It’s the politics, stupid.[Source]