Word: musts
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...first glance, China's political system has not changed much since 1949. It is still a Leninist system, dominated by the CCP and an oligarchy of its self-selected leaders, which tolerates no opposition. The Party's powerful Organization Department oversees all major appointments in the country, and one must really be a party member to get ahead professionally. Party and government organs remain essentially as they were six decades ago, copied from the Soviet Union...
...going forward, the major challenge to the Party will likely be its ability to deliver adequate "public goods" to the population: health care, education, environmental protection and other social services. Providing stability and ever increasing personal wealth will not be enough to guarantee the Party indefinite legitimacy - it must continuously improve the quality of life of its citizens. This is China's new revolution: the revolution of rising expectations...
...consideration of China's transformation since 1949 must recognize the dramatic improvement in China's global posture. Sixty years ago the new People's Republic was cut off from the world, having diplomatic recognition only from a relatively small number of nations. It was excluded from the U.N. It soon became embroiled in the Korean War and the Cold War, which brought further isolation. Despite some marginal trade with Western Europe following the 1954 Geneva Conference on Indochina, China was cut off from international trade, finance and aid. As a result, its economy stagnated...
...Edging Toward the Exit U.S. Treasury Secretary Tim Geithner this month announced that the U.S. is starting to phase out some of its emergency support for banks and financial markets. But he pointedly made no mention of a full-blown "exit strategy," saying that "we must continue reinforcing recovery until it is self-sustaining." When and how governments and central banks pull back is a critical issue that still needs to be coordinated. One of the risks is that inflation could soar due to the explosion of national debt in many countries during the crisis. And early signs suggest governments...
...getting harder to enjoy the show. The rains dramatically illustrate how vulnerable Asia's densely populated coastal cities are to climate change. Breakneck growth and dilapidated infrastructure have already made flooding a fact of life in many cities. Now urban Asia must brace for sea-level rises, tidal surges, extreme weather and other climatic horrors. From ports in China and India to delta populations in Vietnam and Burma, this fast-developing region has most of our planet's urban dwellers - and its most vulnerable cities. Asia is not alone, however. From Mombasa to Miami, climate change imperils 3,351 cities...