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A key choice awaits China — money or principles

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Five-starred red flags line the Nanjing Road pedestrian street in Shanghai, China, on June 22, 2021. This year marks the 100th anniversary of the Communist Party of China.

Costfoto | Barcroft Media | Getty Images

China is at a crucial moment in its political and economic evolution. The political growl that is trying to become a dominant roar is being met with unexpected economic obstacles. As China aspires to become a global superpower, it’s fascinating that it is facing the very test it presumed the Western world would fail: money or principles.

Deng Xiaoping, China’s leader from 1978 to 1989, recognized as the “Architect of Modern China,” once told his nation to “hide your capabilities,…



Source cnbc.com

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