InTheThirdRevolution,eminentChinascholarElizabethC.EconomyprovidesanincisivelookatthetransformativechangesunderwayinChinatoday.ChineseleaderXiJinpinghasunleashedapowerfulsetofpoliticalandeconomicreforms:thecentralizationofpowerunderXi,himself,theexpansionoftheCommunistParty’sroleinChinesepolitical,social,andeconomiclife,andtheconstructionofavirtualwallofregulationstocontrolmorecloselytheexchangeofideasandcapitalbetweenChinaandtheoutsideworld.Beyonditsborders,Beijinghasrecastitselfasagreatpower,seekingtoreclaimitspastgloryandtocreateasystemofinternationalnormsthatbetterservesitsmoreambitiousgeostrategicobjectives.Insodoing,theChineseleadershipisreversingthetrendstowardgreaterpoliticalandeconomicopening,aswellasthelow-profileforeignpolicy,thathadbeenputinmotionbyDengXiaoping’s“SecondRevolution“thirtyyearsearlier.Throughawide-rangingexplorationofXiJinping’stoppolitical,economicandforeignpolicypriorities-fightingcorruption,managingtheInternet,reformingthestate-ownedenterprisesector,improvingthecountry’sinnovationcapacity,enhancingairquality,andelevatingChina’spresenceontheglobalstage-Economyidentifiesthetensions,shortcomings,andsuccessesofXi’sreformeffortsoverthecourseofhisfirstfiveyearsinoffice.Shealsoassessestheirimplicationsfortherestoftheworld,andprovidesrecommendationsforhowtheUnitedStatesandothersshouldnavigatetheirrelationshipwiththisvastnationinthecomingyears.
