President Xi Jinping has set himself up with an impossible task: keep the economy humming under state domination, while trying to eradicate corruption.
Corruption is a political tool is China and it all depends on where you stand, as to who’s to blame. One thing is for sure- Western standards don’t apply.
Many centres were set up in Australian universities to take advantage of China’s rising importance, but without ongoing funding they might be subject to interference from external donors.
China will have to play by international rules on transparency and accountability if it wants to secure its place as a leader for economic development in Asia.
There is a tidal wave of competition approaching the developed world from China – and foreign businesses have much to learn how Chinese companies evolved from imitators to innovators.
President of the Australian Academy of the Humanities and Director of the Asia-Pacific Program for Social Investment and Philanthropy in the Centre for Social Impact, Swinburne University of Technology