The big problem China will face in a decade is this: an aging near-absolute monarch who does not dare dismount is itself a huge source of instability.
The problem is worse than the standard historical pattern that imperial succession has never delivered more than five good emperors in a row. The problem is the aging of an emperor. Before modern medicine one could hope that the time of chaos between when the grip on the reins of the old emperor loosened and the grip of the new emperor tightened would be short. But in the age of modern medicine that is certainly not the way to bet.
Thus monarchy looks no more attractive than demagoguery today.
We can help to build or restore or remember our “republican remedy for the diseases most incident to republican government“. An autocracy faced with the succession and the dotage problems does not have this option. Once they abandon collective aristocratic leadership in order to manage the succession problem, I see little possibility of a solution.
And this brings me to Martin Wolf. China's current trajectory is not designed to generate durable political stability: Martin Wolf: How the west should judge the claim sof a rising China: “Chinese political stability is fragile...