ABSTRACT
Xi Jinping (General Secretary of the Communist Party of China, the President of the People's Republic of China, and the Chairman of the Central Military Commission) faces a complex dilemma. He can try to improve China's technocratic market communism (“White Communism”), 1 or push forward (backward) to something better. He has chosen to advance by shifting the focus of China's development strategy from export- to import-substitution-led economic growth. He may succeed in achieving this limited objective, but the approach is too narrow. China's well-being does not depend on material progress alone. The right path ahead should enhance inclusive life quality (well-being).
