China will undergo a wholesale change of its top leadership in late 2012 when six or seven of the nine members of the current top decision-making body will step down and members of the “Fifth Generation” group will be promoted to run the country for the following 10 years. This will be a landmark in the evolution of the communist regime as it counts “the cost of 30 years of growth”, as one of the new cast put it, and confronts the need to advance a new economic model. This report...
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