Can Xi End China's Gilded Age? — Yuen Yuen Ang

The period after America’s late-nineteenth century Gilded Age laid the domestic foundation for the country’s international primacy in the twentieth century. Likewise, China’s global prospects will depend on whether President Xi Jinping can lead the country into its own era of progressive reform....

Nothing new under the sun. Just as China adopted a version of the 19th century American System economically, it is now reliving the transition from a gilded age to progressive reform as America similarly did. So far, President Xi's effort to end corruption and eradicate absolute poverty have gone relatively well. Now the real challenges come, especially faced with a hostile West, climate change, and the on-going pandemic.

Project Syndicate
Can Xi End China's Gilded Age?
Yuen Yuen Ang, Associate Professor of Political Science at the University of Michigan, Ann Arbor, and author of How China Escaped the Poverty Trap and China's Gilded Age