In the wake of the Chinese Communist Party’s (CCP) twentieth annual Party Congress, which in mid-October secured a third term for Chairman Xi Jinping, Western policy wonks declared that the CCP would revert to the ideology it held under Mao Tse-tung and return to Marxism. Yet, there haven’t been signs in recent years of “decoupling” or even of ideological or structural shifts in the economy. Instead, we’re witnessing another stage in the evolution of China’s role in globalization under Xi’s proclamation of a “new journey”, writes Liu and Root.
Read the full article from The National Interest.