However, China now needs a new path and a national consensus. Will the new leadership team be able to do what Deng did in a previous era? He charted a new course of economic growth based on the slogan that “to be rich is glorious.”
That might not work now because China needs a new political and economic pact based on social harmony that Hu promised, but was unable to deliver. In the next 10 years and beyond, it will be interesting to see if China will once again surprise the world.
Sushil Seth is a commentator in Australia.