Complaints of political gridlock and vested interests are not unusual, but it is surprising when it is Washington insiders levelling such criticism at China.
Ahead of the US election, Washington is worried about whether politicians can reach a budget deal after November 6 to avoid the “fiscal cliff”. But China watchers in the US fear Beijing is on the verge of a similar moment of truth as the Chinese Communist party prepares to unveil its next generation of leaders in two weeks’ time.
The pending leadership change has crystallised a shift in US views of China, from the steamroller that surged out of the 2008 financial crisis to the more familiar story of a government unable to make tough decisions in the face of powerful interest groups.
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