China’s Elite Have New International Outlook

The Financial Times looks at the insecurities of China’s wealthy elite:

In private conversations, many of the people who supposedly make up the ruling elite of China express serious misgivings about the direction and future stability of the country, while admitting that they feel largely powerless to affect meaningful change.

“There is a sense that we are approaching an inevitable breaking point, when the pressures in society will boil over and consume the rulers,” says one Chinese banker with close ties to a number of powerful political families.

Excerpts of the article have been posted on Flashman Letters blog.

A recent article in the Sydney Morning Herald looked at members of China’s “princelings” who are speaking out against corruption and other ills in the Communist Party.

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