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Minxin Pei

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Homepage: http://insight.amcham-shanghai.org

When Deng Xiaoping launched China on the path to economic reform in the late 1970s, he vowed to build “socialism with Chinese characteristics.” More than three decades later, China’s efforts to modernize have yielded something very different from the working people’s paradise Deng envisioned: an incipient kleptocracy, characterized by endemic corruption, soaring income inequality, and growing social tensions.

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Where does Xi Jinping go from here? “Drain the swamp” was a slogan American President-elect Donald J. Trump adopted to rally his supporters during his presidential campaign. If he is seriously intent upon ending political corruption in

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