You mean!
You mean!
Xi isn’t out pulling turnips with his comrades at Turnip Commune #34?
What kind of communist is he?
Now if only we can keep capitalism in this country, while the CCP runs China into the ground.
There’s room for only one superstar in Communist China.
Pei-Ping.
Why are both Kennedy (CSIS) and Roach, a lefty, worried about Red China’s economy slowing down re growth etc.? This would only help the Free World to tamp down Red China’s military and economic aggression, thus preventing armed conflicts and more economic/academic espionage.
At one time, CSIS was anti-communist with good level thinking about the issues. Now it sounds like this guy wants to protect the Communists. The same for Roach.
Can anyone explain why this is happening?
“Never interrupt your enemy when he is defeating himself”
Chinese securities are sinking from overregulation and control, not earnings related. It was always just a matter of time before this happened. Kept away from Chinese stocks for this reason.
Commies gotta commie.
This might save Xiden. If the PRC implodes on its own Xiden can take the credit.
The article is long and interesting. It exposes what can be considered as economic policy weakness developed out of fear.
China has become too capitalist. The Chicaps are being destroyed to allow the Chicoms to exist.
Un mentioned are the many family businesses that are actually capitalist entities that interact with the Overseas China economic and trade on a global scale.
The people may not tolerate Xi and the CCP. He then has a very serious problem. That day is coming
That's going to translate into a lot of shuttered factories unless they get nationalized even further. Which will in turn result in even bigger market losses (cuz' a trillion loss ust isn't enough).
Jobless chinese having moved from the country commune to an urban job, will no longer have those jobs. People with nothing to lose might as well rise up and kill Xi. Long past due.
To the CCP Capitalism was just a means to an end.
During Mao’s time, it was all about breaking China’s dependency on foreigners. Once that was accomplished, they would open themselves up to the world with the intention of trapping them. Get them to produce all their goods in China, use cheap Chinese labor, while China accumulates wealth, that they turn around and invest in Western Corporations and gain leverage.
The day would inevitably come when they would pull out and create global chaos.
“China is so keen to maintain control over its sprawling and expanding economy that it’s even willing to go communist ... worries that Beijing is going “too far” in ways that will damage growth in the short run and innovation in the long run.”
—
Very misleading article. The CCP under dictator and Chairman Xi Jinping MUST control its economy because the CCP is a paranoid fragile psychotic entity consisting of many of the Old Guard Revolutionaries held together by transplants and other medical devices. All threats must be controlled or treated as an enemy and eliminated.
What are those threats? Wealth, role model, personal inspiration, influence, leadership, popularity of non-leadership non-CCP members. The CCP must ALWAYS be the winner, the leader, the most popular, the most influential, the wealthiest, the role model for the people. Otherwise, some might become more powerful than the CCP, more popular, wealthy, inspiring the people to become like them and overthrown the rein of the CCP.
This is Maoism in the 21st Century. Traditional China was utterly destroyed by Mao. The people learned to keep their heads down and follow their leader of face death. For thousands of years the Chinese people were very inventive and creative (http://factsanddetails.com/china/cat2/4sub7/item30.html), but that inventiveness and creativity was destroyed by the Great Leap Backward.
Ma never spoke out against the Party - a western press myth, he only hinted that there could be a better way to do some things; but that was not his ‘crime’. He was too wealthy, too influential, too inspiring. He was forced, like others before him, to turn over his $43 billion dollar fortune by selling all of his 3 million odd shares he owned of his creation, Alibaba to the CCP. Jack Ma is someones’ spare organs.
After Deng Xiaoping pulled back the darkness of Mao’s revolution in 1986, limited capitalism flourished - China became a grey zone, rather than a black zone; he was followed by Jiang Zemin and Hu Jintao. But Xi Jinping (President of the PRC, Chair of the Central Military Commission of the PRC) has returned to the absolute one-man rule of Mao.
Remnant capitalism is being crushed in the return to the black zone of Mao Zedong. Innovation is not being crushed, its being eliminated; growth is whatever the CCP claims. Both innovation and growth were mainly products of Hong Kong - the virus that was infecting the Mainland is gone now. Western investors, in any Chinese corporation, now directly support the CCP and Xi’s iron-fisted rule. Investing in China now is like investing in the old Soviet Union under Stalin. Its really not about communism so much, but about one man’s absolute control of the people, who, for the most part, hate him and what he stands for.
Coming to America soon. The Democrats are jealous of the CCP.
History shows that nations on the financial rocks often go to war to solve their internal problems.
Just sayin’.
p