The politics of China's economic adjustment

After 30 years of growth, China is facing a difficult adjustment to a new economic model. History suggests further political turmoil will ensue as the process gets underway.

The past two years have seen a surprising amount of turmoil at the highest levels of the Chinese political establishment. We have seen political alliances re-shuffled, powerful business and political leaders arrested, factional disputes magnified, and an explosion of rumours of more to come. After twenty years of what seemed, on the surface at least, remarkable cohesion within China’s political elite, events of the past two years have come as a great surprise to many.

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