China’s Antifragile Ambitions
In order to secure long-term prosperity, China must enhance its systems' "antifragility" – that is, their ability to benefit from uncertainty and stress. But success will require balancing China's centralized administration with its decentralized family-based traditions – a challenge with which China has struggled for centuries.
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HONG KONG – China has once again reached a crossroads on its journey toward inclusive, sustainable prosperity. At the Chinese Communist Party’s congress in November, the new leadership was tasked with plotting the country’s path for the next ten years, which entails modernizing China’s social, political, and economic systems within the constraints of its history and changing geopolitical context.