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China: The Next Generation

Posted May 5, 2008

“Groomed under the Party’s watchful eye, these men and women are beginning the long process of change that will culminate with their installation as leaders in 2012.” — Keith Fitz-Gerald

Blogger’s note: Keith Fitz-Gerald has been leading an Oxford Club investment tour through China. And he’s sending back dispatches from his travels. This is the third article in his series. You can start from the beginning with his first entry on the road, learn more in his second entry or read on.

by Keith Fitz-Gerald

Baltimore and Mutianyu, China (TFN) — When you step up on to the top of China’s Great Wall, where I am today, it’s instantly clear that China is unlike any other place on earth - although not for reasons you’d normally think.

It’s true that China’s a communist country that’s steeped in tradition by virtue of a history that reaches back thousands of years. But there are changes afoot that may make the next generation of Chinese leaders the best yet.

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And like the Great Wall, which was initially built under Emperor Qin Shi Huang (221-210 BC), those changes may last for centuries.

Groomed under the Party’s watchful eye, these men and women are beginning the long process of change that will culminate with their installation as leaders in 2012. They speak openly of change and of opening China.

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This contrasts starkly with Mao Zedong, Deng Xiaoping and Jiang Zemin who were educated (some would say indoctrinated) in the former Soviet Union.

While we’re seeing glimmers of this in the current generation of leaders - including President Hu Jintao and Premier Wen Jiabao - it’s the next generation that will really demonstrate the commitment to change. Read on to learn more.

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