In March 2018, the Chinese Communist Party amended its constitution to eliminate term limits on the presidency, thereby clearing the way for President Xi Jinping to remain in office indefinitely. Xi’s political dominance, however, will have less effect on whether his country becomes a global superpower that rivals the United States, than will China’s slowing economic growth, adverse demographic trends, and rising debt.

Roy C. Smith is the Kenneth Langone Professor of Finance Emeritus at New York University Stern School of Business.
AsiaGovernment and PoliticsGovernment PowerInternational Economics and DevelopmentNationalismPhilosophy and ReligionSocialism, Communism, and Collectivism
Other Independent Review articles by Roy C. Smith
Winter 2019/20 Will Populism Kill Globalization?
Fall 2016 Is China the Next Japan?
Spring 2016 Understanding a Cuban Transition
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