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Is China Finally Discovering the Limits to Growth?

May 13 , 2015

In February of this year Chinese President Xi Jinping publicly unveiled the “Four Comprehensives,” his list of political goals for China. They are to “Comprehensively build a moderately prosperous society, deepen reform, govern the nation according to law and strictly govern the Party.”

On one reading, this is business as usual for President Xi. He intends to continue “strictly governing the party,” through the nationwide anti-corruption campaign that has come to dominate his time in office. And he also intends to continue on the path to achieving a “moderately prosperous society.” This is a phrase with a long history in China, stretching back to the Confucian era, that took on renewed importance when Deng Xiaoping made it the eventual goal of Chinese modernization in 1978. Since then, the Chinese Communist Party’s economic strategy has been explicitly designed to achieve this goal, and Xi’s administration is no exception. The People’s Daily called the Four Comprehensives “the guarantee to achieving the Chinese Dream.”

But there is another, more radical, more interesting and more farsighted way of interpreting Xi’s plan for China.

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