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A sculptor works on a clay model of Xi Jinping. The first overseas trip for the Chinese President will take him to South Africa, Tanzania and Republic of Congo.
A sculptor works on a clay model of Xi Jinping. The first overseas trip for the Chinese President will take him to South Africa, Tanzania and Republic of Congo.
(AP)

The quiet revolution that's shaping China’s future

Peking University Finance professor Michael Pettis’ brilliant essay “The four stages of Chinese growth” not only details the current state of the country’s economic miracle, but also provides a blueprint for the future.

It appears China’s leadership is, if not listening, then following Mr. Pettis’ game plan of their own volition. In a far more ethically palatable homage to Mao Zedong’s Cultural Revolution, current President Xi Jinping’s pervasive corruption crackdown is paving the way for a new stage of economic growth.