July 4th, 2012; Minxin Pei on Chinese Political “Re-Balancing”

The McAlvany Weekly Commentary
with David McAlvany and Kevin Orrick

Kevin: Today, David, our guest, looking more at the political side of the Chinese question, is Minxin Pei.

David: Juxtaposed against such massive and largely positive economic and social changes, however, is China’s political system. Despite more than two decades of rapid socioeconomic changes, the core features of a Leninist party state remain essentially unchanged. The pace of political change has significantly lagged behind that of economic progress.

Minxin, several years ago, you penned that, yes, there is a way forward economically in terms of the economic reforms that need to take place in China, but there are a number of political barriers – the Chinese political system, itself, even. That is where we would like to start today, with an exploration. In past weeks we have covered China and its economic challenges.

With your background, pr