“Barely two months into their jobs, the Communist Party’s new leaders are being confronted by the challenges posed by a constituency that has generally been one of the party’s most ardent supporters: the middle-class and well-off Chinese who have benefited from a three-decade economic boom. Ordinary Chinese buy into a grand bargain: the party guarantees economic growth, and in exchange the people do not question the way the party rules. Now, many whose lives improved under the boom are reneging on their end of the deal, and in ways more vocal than ever before. Their ranks include billionaires and students, movie stars and homemakers.”
(Visited 36 times, 1 visits today)
Related posts:
Onerous ATF rules threaten to put gun dealers out of business
Video Killed Trust in Police Officers
British prime minister: Edward Snowden harmed national security
How Google Inspired Raspberry Pi’s $5 Computer
North Korean shoots officers, defects to South Korea
NPR: Lawmakers, Banking Regulators Take On Bitcoin
How to get a piece of the $400 million 'Atocha' shipwreck treasure
Banks Seek a Shield in Mortgage Rules
"Congestion pricing" part of Mtn. View city plan for Google's growth
Is your bond fund invested in Puerto Rico?
IRS secretly used DEA surveillance database to launch investigations
BIS chief fears fresh Lehman from worldwide debt surge
Ron Paul CNN Interview on Election Day 2012
The world's first Bitcoin escort agency
Four-month deal reached between Greece, creditors