Western media is still wrong. China will continue to rise
As the 19th National Congress of the Communist Party of China draws to a close, analysts are parsing through President Xi Jinping’s 30,000-plus-word report — delivered in a three-and-a-half-hour address without breaks — to decipher the direction of the most populous nation in the world. It is a laborious effort, especially considering the report’s extensive official jargon and policy details.
But there is a much easier way. Read The Economist’s coverage of the congress, which is considerably shorter in length, and bet on the opposite being true. Let me explain.
In October 1992, while the party was holding its 14th Party Congress, The Economist editorialized that the party had “stepped backwards” and called the socialist market economy (which the congress espoused) an “oxymoron.” Five years later in 1997, during the 15th Party Congress, it characterized the gathering as where “hollow promise[s]” were made and broken, from privatization to unemployment goals. Dashing raised expectations was a “recipe for civil strife,” opined the magazine.
