Posted on 11/21/2023 3:12:43 PM PST by Alas Babylon!
Xi Jinping’s communist regime will “fail” as China’s economic woes go underestimated, a foreign policy expert has warned.
Gordon Chang, a senior fellow at the Gatestone Institute, claimed Beijing was facing a number of crises and could turn to conflict to alleviate the pressures.
He told GB News: “I think that the problems that we see in China are worse than people perceive. I don't think Xi Jinping has solutions to them or I should say more precisely, his solutions are making problems worse. So I do see a failure of the communist regime.”
Chang highlighted how company debt defaults, accelerating capital flight, a falling currency, plunging property prices, stagnating economy, food shortages, deteriorating environment and demographic decline was putting unprecedented peacetime pressure on the Chinese economy.
Chang addressed his previous prediction which argued the communist regime would collapse in 2011.
He explained: “I said in the book that the Chinese regime would fail by 2011, so I'm wrong about that.
“What I didn't foresee was the 2008 downturn, which gave China's regime a lot more life.
“But China right now is having its 2008 downturn, and in the problems now, which have been deferred by massive spending, I don't think they have any out of it other than perhaps triggering a war, and barring triggering a war or almost the fallout of that as well.”
However, the situation is considered somewhat different from the 2008 financial crash.
The worldwide economic crisis started in the United States after reckless lending led to an unprecedented number of loans being defaulted.
The consequence of the crash was felt across the West, with the United Kingdom’s unemployment rate hitting its highest figure since 1995 and real earnings taking a long-term blow.
In contrast, Chang suggested countries across the West could look to fill the economic vacuum left by China.
“I think people underestimate the problems in China,” he said.
“They're going to be taken by surprise. So there's going to be panic in global markets.
“But ultimately a failure of the Chinese economy would be good for other countries. And the reason is, you know, everyone says China is the engine of global growth.
“Well, yes, China has had a lot of growth but they weren't an engine because to be an engine of global growth, you got to buy the goods and services of other countries.
“And China, through predatory and criminal trade practices was actually taking growth from other countries.
“So if China were to just disappear without that panic, other countries would be doing better.
“This is not going to be the disaster that everybody thinks it will, especially if we understand and prepare for a failure of the Chinese regime.”
Chang added: “A global panic will hit the pockets of virtually everybody on the planet because China is so big and it's problems are so large and they are so unexpected, which is the reason why I think we need to start assessing China if with a colder eye to see what's really going on inside.”
Their "One Child" policy imposed in 1979 is causing a dire demographic plunge 44 years later, and the nation is getting overly elderly, like an upside down pyramid, with few young workers to support the many seniors.
And many country's people want their manufacturing brought back home. Trump certainly does, and if he wins?
The One-child project was a CIA creation. The author who wrote that book was enlisted by them to propagate.
Probably the one good act that the CIA actually did, win a war without firing a shot.
Covid 19 showed the insanity of allowing your supply chains to wind through China.
But can Joe and Hunter afford to have Xi and the CCP crash? Who will they sell out the country to if that happens?
China is imploding but Gordon Chang has been predicting this for the last 20 years. Eventually he’ll be vindicated I guess.
Gordon Chang has his finger on the pulse of Red China.
They’re communist they implode all the time
Gordon Chang tends to let his justifiable hatred of the CCP cloud his judgement. They might be teetering, they might not. I’m not sure Chsng is in a position to really know.
According to unverified Chinese social media report there is massive fire on Chinese navy’s most advanced 980 hull number Type 071 landing ship (Longhushan)
According to social media reports the ship has just completed sea trials, did not officially enter the navy, but can still be considered China’s most advanced landing ship
Some Chinese reports are trying to suggest that a military fire drill is being conducted on the ship.
Although I don’t know much about ships and ship fires, this doesn’t look like a fire drill unless I’m possibly mistaken. Thoughts?
No details provided on the location or information regarding the origins of the fire.
“Covid 19 showed the insanity of allowing your supply chains to wind through China.”
And the lack of change since shows the insanity of the Regime.
Speaking of supply chains, haven’t heard anything lately about the doomsday back up. Same goes for doomsday volcanoes, asteroids, and UFOs. C’mon people! The sky is falling!!
The tabloid media in the UK seems to have switched from fantasies about victory against Russia, to fantasies about victory against China.
Victory? No? But China’s not invincible by far, and have their own unique set of problems. That’s not to say the USA or the UK for that matter, doesn’t have problems.
The USA does until we actually face election fraud and border security head on.
But China has issues and that become more apparent as time goes on.
Any country has some problems, but the UK tabloid media seems to be focused on fantasy collapses of official Regime enemies like Russia or China.
China has massively increased their industrial capacity and military capacity while the West can’t even produce artillery ammunition. Looking at China and predicting collapse is like some Jap General telling the Emperor:
“America had a recession in 1938. They are weak.”
Can someone explain 1 or 2 scenarios of how the CCP collapses while it controls a 2 million man army?
I Have Abandoned My Search for Truth and Am Now Looking for a Good Fantasy.
Cartoonist/philosopher Ashleigh Brilliant.
Gordon Chang is the John Bolton of Asia.
“But China has issues and that become more apparent as time goes on”.
The USA has issues that become more apparent as time goes by, too.
“Can someone explain 1 or 2 scenarios of how the CCP collapses while it controls a 2 million man army”?
Yes, if over a Billion Chinese rise up. A 2 million man army could do little against over a billion riled up and pissed off people.
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