The opacity is the sign of lack of modernity. Arbitrary nature of govt actions and policies have resulted in worsened outcomes.
The word "Democracy" is enshrined in the Chinese constitution but what does it mean?
There is no "one man one vote". Its a "one man no vote system". Slowly becoming a "one man decide" system.
I am not here to debate on human rights and preservation of rights but a system of governance with modern proven characteristics.
Today reports are emerging that with corruption crack down, fears of disciplinary actions and arbitrary nature of punitive measures, the entire civil service of China has become paralysed with inaction. Nobody has inititative because they fear the lack of alignment resulting actions against them.
In a recent session with reports Colin Powell was asked what he would do if Trump tries to fire him. He replied that incomjng President Trump has no power over him. He will stick to doing his job fulfiling the Fed mandate and ensurjng the US economy does well in the coming years.
Strong independent institutions hold the key for the long term success of a nation. This together with the rule of law and independent juduciary results in a higher level of trust of citizens and international investors.
The lack of rule of law orginates from the system of political succession which is based on power struggle. To rise to power a leader has to foster ties and through it outst opponents to rise above them. This incentivises a leader to exploit the law and its enforcers rather than respect the riuke of law. The anti corruption drive was found to direct investigations against political rivals rather than everyone.
In the end China veers too closely towards the edge with characteristics of a dictatorship
In end only Xi can change the system since he has concentrated power onto himself.
The greatest legacy he can leave for China is not taking back Taiwan or beating the US. Both are these becoming increasingly elusive and will only invite trouble for China.
What he can do that has the grestest impact on the future of China is to reform the system of governance.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.