Leadership: A Chinese Puzzle

China's economy is booming, but one of the major challenges facing the country will be leadership - or the lack of it - in political or business spheres. INSEAD Affiliate Professor of Asian Business and Comparative Management, Michael Witt, says that although the Communist Party still tightly rules China, the leadership in Beijing does not 'have a lot of power,' with the result that it's difficult to get things implemented. "The author sometimes think that the leaders in Beijing matter. I want to challenge conventional wisdom ? and basically say they are not that important," says Witt.