Did you read the article?
IMHO the author has no clue of which he speaks.
Quoting here:
“China’s political stability may be more fragile than thought. The country faces huge domestic challenges — an aging population lacking any form of social security,...”
The author then rolls out a version of that ubiquitous, over-used tired fortune cookie curse “may you live in interesting times”. How profound.
(yes, sarcasm intended)
I doubt the author is familar with the more appropriate term: “Iron Rice Bowl”. The Chinese system, is itself a gigantic social security program.
It’s a pandering, “nothing to see here” puff piece. Yet more pablum, from those who send our jobs and industry overseas, for a few dollars more.
China is a huge, growing dragon. A very powerful, very cunning, and very resourceful dragon.
Pretending otherwise, is dangerously, traitorously foolish.
This sort of naive puff, helps nobody.
We need to open our eyes. Now.