Donnerstag, 25. Dezember 2008

China in 2009 | Year of the ox

China in 2009: Year of the ox - The Economist:

"Economic woes and key anniversaries portend trouble. For China’s leaders, a perfect storm is brewing. Economic growth, which has helped keep the Communist Party in power, is faltering. The new middle class, hitherto a pillar of the party’s support, is plunging into despondency. The coming months are studded with politically sensitive anniversaries that will focus disaffected minds on the party’s shortcomings. Having endured a year of natural disasters, riots and the organisational nightmare of hosting the Olympics, the party sees little salve ahead."

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