If only we had this much passion where China is concerned. I dislike Putin but the marketplace will resolve this.
China is different and passion here has nothing to do with the outcome.
First of all. China is. China is the most populous nation on earth and unlike near destitute Russia, has lots and lots of well educated and highly capable people.
There is nothing passionate Americans can do that will have significant effect on China
From my observations, I conclude that China is in economic flux. President Xi and his faction of the China Communist Party have created severe economic turmoil as they consciously, on purpose, bring about the destruction of private and family corporations. The CCP through owned corporations is achieving control and ownership of private business.
Hong Kong, a bastion and leader of capitalism is now gone as a capitalist force. The takeover and remaking of Hong Kong was a signal of things to come.
The business of major nations including the USA have left or are leaving. That is major international businesses damned here as globalists companies, Japanese, Korean, Taiwanese, American have closed resulting in the loss of tens of thousands of jobs.
The China economy in large measure is based on domestic real estate. Ordinary people with some money don’t put it in the bank or buy stocks. They were conditioned to buy real estate. That real estate is Apartments. Sources say it is not unusual for a family to own two or three apartments that may or may not be finished or even started. Mortgage money is or was available cheap. It was easy to mortage a new apartment and pay it off over time. That is all over now. There are tens of thousands of vacant mortgaged apartments in play.
We should keep a close eye on General Motors. Half or better of GM revenue comes from sales in China. GM is in reality the minor pardnet in a Chins joint venture. The CCP ownership of the joint venture pardnership is unclear, but GM could easily be kicked out of china on it’s ass in just one day. Coupled with the intense pressure on market share by Tesla, GM is toast. I relish the thought of UAW families in economic extremis.
That has come to and end. The developers are pretty much all in extremis. Death has occurred or is near. At present while the dying is in process, it is unclear to me what the CCP will do. So far they are just watching, doing nothing to prevent the chaos.
President Xi leads the CCP but he has said that he is creating a new China Socialism. That is an undefined socialist economy that eschews the free market and the present Chinese capitalism but is not communism in the previous sense
However, Xi has opposition in and out of the CCP. It is unclear to me how effective that opposition actually is. It is unclear if it can even partially prevail.
Meanwhile....... what of the businesses that have left China? Have they gone home? No but having lost their China markets are setting up shop elsewhere. Else where includes Vietnam and perhaps Indonesia and the Philippines. For American companies Mexico is said to be included. But, serving world markets, they are not “coming home”
So, in conclusion, Americans have no say about the tremendous forces of change currently in process in China. Xi will succeed or fail on his own
We’ll see