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"The so-called Chinese miracle was fuelled by a large and youthful labour force, rapid urbanisation, large-scale infrastructure investment, market liberalisation and globalisation—all factors that have either diminished or disappeared."
"Because the state-owned sector forms the economic foundation of one-party rule, the prospect that CCP leaders will suddenly embrace radical economic reform is dim."
"While nationalism may boost support for the CCP in the short term, its energy will eventually dissipate, especially if the party fails to deliver continued improvement in living standards."
"And a regime that is dependent on coercion and violence will pay dearly in the form of depressed economic activity, rising popular resistance, escalating security costs and international isolation."
