Reading the tea leaves in China
Ask someone what China will do next, and you will get a myriad of answers that reference the RMB exchange rate, various political disputes, the environment, the race for natural resources and the balance of trade deficit.
Scratch the surface and more often than not you will find the opinion is based on an off-the-cuff analysis by some TV talking head or “China editorial.” Ironically, contrary to popular perception, China is more like a tortoise than a jackrabbit when it comes to process and policy. The best ways to develop your own ideas about China’s future are your own two eyes and a couple of week’s worth of part-time reading.
Each year, the Chinese government and the Communist Party meet in separate sessions to review and take actions on the goals and policies of the country.
Remember, do not make the mistake many do of equating the government and the Communist Party. Given the one-party system (technically there are many more, but that is a different topic), it is very tempting to equate them, but if you have ever known a bureaucrat who became a politician, or vice versa, you will understand what happens when someone shifts between policy and implementation.
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