A question of liberty
When the tanks were rolling into Tiananmen Square and the Cold War hadn’t yet formally come to an end, it seemed obvious: freedom and democracy were prerequisites for economic success. Yet over the past three decades, China has challenged that notion by creating a model previously unknown to the world: consumer capitalism combined with autocratic government. Under Xi Jinping’s rule, China’s new middle class now enjoys near-western living standards. So long, that is, as it does not question the legitimacy of its leaders. The success of the Chinese model has presented a conundrum for western governments: how to deal with a country that continues to have little regard for human rights and yet nevertheless offers lucrative opportunities for investors.