Safin
Forerunner
High economic growth is not their target, its rather a means with which they want global dominance/superpower status.
Not really. The communist have no intention of the kind of global domination you are attributing to them
The growth is necessary for them to survive.
Banyan: The party goes on | The Economist
It is a commonplace that the party’s legitimacy is built on economic growth. Yet China’s leaders have long considered that to be merely the (simplistic) half of it. After the massacre, the Communist Party set about transforming itself. It launched a vast historical investigation into how political parties fall, and how they stay in power. Everyone was scrutinised, from Saddam Hussein to Scandinavian social democrats. The conclusion: adapt or die.
Communist China at 60 - Carnegie Endowment for International Peace
What is the future of the communist party in China after 60 years in power? Are there any challenges to one-party rule?
While the party has had a very good run since 1979, its future prospects are less clear. Challenges to one-party rule will come from all directions. If the party succeeds in maintaining high rates of economic growth, then urbanization and the rapid increase in the ranks of the middle class will make it very difficult for the party to keep its political grip. And at the same time, if the party fails to deliver the economic goods, it will lose its legitimacy and its hold on power will grow shaky. For now, the party knows that its only survival strategy is to keep the economy growing.
There was an excellent writeup by Fareed Zakaria in newsweek on the same topic a couple of years back (will link once i find it online) but the main idea was that high economic growth is the only thing thats presently dissuading the local class of China from complaining.