A New Kind Of Chinese Puzzle
The 14th national Party Congress in Beijing probably won’t come up with an answer: the world’s biggest Communist Party (and one of the few left) can no longer ignore the ever-widening gap between its ideology and reality. In fact, this week’s session runs a strong chance of becoming China’s last ruling-party congress ever to call itself Communist. The label already seems spurious. State-owned newspapers constantly sing the praises of private entrepreneurs, and the country’s stock and real-estate markets are booming....