The Future of the Chinese Communist Party Essay Example | Topics and Well Written Essays - 500 words

The Future of the Chinese Communist Party - Essay Example The essay "The Future of the Chinese Communist Party" analyzes the future of the Chinese Communist Party that faces a major hurdle of the unresolved tension between the economic and political reforms. Though the party still maintains extensive political power with an aim of exercising its controls in the major sectors in the country. If the state wants to ensure that the policies that it pledged at the Plenum come to a realization, it must reduce its role. Schuman observes that a well-functioning economic system must have banks that function properly, for instance, the government must set clear lending decisions. State corporations must operate within the healthy political framework away from political interferences to allow for the flourishing of the private sector. David Shambaugh observes that the C.C.P needs to encourage particular policies that promote competition such as liberalization of prizes. Such policies would mean that the politicians sit back and observe how the market regulates resources. Zhao et al. note the rising tussle between the economic reformists and the authoritarian party leaders leads to some of the fatal problems noted by Barmà ©. If CCP is to succeed, it must let go of the reins of control in areas where it  is not welcome. The second challenge facing the party is the lack of accountability on sensitive issues that face its people. There are several occurrences that emphasize on this point as observed in the communist country. Among the grievances is the prevalence of income inequality.