Asia Society's Orville Schell tells Asia Society members that China's government has a leadership "deficit."

Xi Jinping (foreground), China's new Communist Party General Secretary, waves with other members of the new Politburo Standing Committee in the Great Hall of the People in Beijing, China on November 15, 2012. (Feng Li/Getty Images)

Figuring out how to transfer power at the top in the absence of an open and legitimate leadership selection process is China's biggest political challenge.

Former U.S. Ambassador to China Winston Lord discusses the "perils of prediction" when it comes to China's leadership.

In Shanghai, as the American presidential election results roll in, locals participate vicariously.

Asia 21 Fellow Wenchi Yu says a recent survey shows pervasive concerns among Chinese about the country's leadership and its ability to deal with fundamental human rights.