Abstract
Subject The Communist Party's approach to governance. Significance The Communist Party's record of authoritarian leadership is unprecedented in a major state in modern times. It has achieved it through instruments of control that have adapted to social, political and economic change. Now, amid the uncertainty of a new economic transition and growing international exposure, the Party feels a strong impulse to re-establish firm control. Impacts As China's assets abroad increase, Beijing faces political risks (such as nationalisation) that it has no experience of managing. Overreach abroad could prove destabilising inside China. China's allegations of foreign interference in its sovereign affairs will appear increasingly hypocritical.
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