China in a no-win

This narrative was actually pretty popular in the West in the last 15 years or so, that China has found a new path to development, refuting the previous assumption that economic development needs, and therefore leads to political freedom.

But the last two years have shown that assumption to be correct after all. Without more political freedom economic development will eventually bumps into a brick wall. There is indeed no free lunch.

German exporters rethink €100bn ‘love affair’ with China

Geopolitical tensions, zero-Covid policy and domestic competition endanger trading relationship

Archived here:
https://archive.ph/nz6Zd

Who are these business people? NYT… ultra liberal platform… so bear in mind the twist.

What Xi did is to create a fairer platform where newer companies can compete with more established behemoth such as BABA. He even appointed Li Qiang, a pro-business reformist, as 2nd man.

Li Qiang

Despite his closeness to Xi, Li is seen as pro-business and relatively economically reformist.[16][13][22] In 2003 during his tenure in Wenzhou, he said that “without the private economy, Wenzhou’s urban development would be set back by at least a century”.[10] In 2014, Li said that “there should be more Alibabas and more Jack Mas”. Li said in 2015 that economic reforms were a matter of “life and death” and that “the government cannot be an unlimited government.” He also said that “to build a limited yet effective modern government, you need to transfer a lot of managerial power to social organizations.”[22] According to The Wall Street Journal, Li has close ties with Jack Ma.[10] WSJ also reported that Li suggested to the government to ease its regulatory actions against businesses and acted as a mediatory between businesses and the government during the government’s crackdown on private businesses.[10]

… he opened the Shanghai Stock Exchange STAR Market, oversaw foreign investment in the city including Gigafactory Shanghai of Tesla, Inc., eased the requirements for internal migrants to obtain residency permits, and created five new towns to decrease the land supply shortage.

Li attended Zhejiang University for on-the-job graduate studies in management engineering from 1995 to 1997 and the Central Party School for on-the-job graduate studies in world economics from 2001 to 2004. He received an executive Master of Business Administration from Hong Kong Polytechnic University in 2005.[3]

Still think Xi is bad for China? Find out more what the late LKY did to build Singapore to today’s “common prosperity”.

I am surprised you are still a Xi fan after all these.

:rofl:

Not sure if it shows up on your Google search, but Li Qiang is also the architect of the Shanghai lockdown that didn’t go too well shall we say.

@hanera just curious, you openly state you incline Republican but also support Xi. From my knowledge, Republicans hate communists. Where do you actually incline towards?

Still parroting the news instead of doing independent thinking?

Singaporeans are mostly conservative :slight_smile: I prefer conservative policies. Liberal policies were good too. I just don’t like ultra liberalism.

So?

I shave. Doubt you understand the implications. May be ask your parents.

Btw, Li Qiang is pro-business :slight_smile: He is not what media portray who he is. Media threw mud… @manch believe everything… SMH.

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You need to read more first hand stuff written in Chinese, instead of the tankie stuff in the West.

I don’t particularly value novel thoughts by its own right. What matters is whether it explains the present and help guide the future.

He is a Chinese nationalist. And that fits the right’s ideology pretty well actually, just different nationality.

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.

Expected from a fossil :wink:

Frankly I don’t know what those words mean. Under too difficult to understand. IMHO, labels are seldom accurate description.

Remember I am an apolitical guy. And don’t think of an issue from a political perspective.

If you think from my profile, you would understand. Doubt you can, your thinking is too rigid. You can’t empathize :roll_eyes:

Pump and dump? Or hope springs eternal?

It’s pretty easy to see if China can get out of zero Covid because there are tons of preparations it needs to do. And those preps take a long time and need lots of efforts and resources. So far it has done none of those. Just pray and maybe it will happen, someday.

https://www.bloomberg.com/news/articles/2022-11-15/singapore-properties-snapped-up-by-china-billionaires-leaving-xi-s-covid-zero

Widespread protests are happening in China right now. People are pushed beyond their breaking points with the senseless Covid lockdowns. There are big cities that have been in strict lockdown for four months and counting!

Xi has painted himself into a corner. If he goes through with his brain dead Covid zero China’s economy will remain in the toilets. But if he opened it up millions will die. He hasn’t done any preparation and bet everything on lockdowns.

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Protests spread to cities and campuses in China on Saturday night amid rising public anger at the country’s strict but faltering controls against the spread of Covid, with a crowd in Shanghai going so far as to call for the removal of the national leader, Xi Jinping.

The demonstration occurred after an outpouring of anger online and after a street protest erupted on Friday in Urumqi, the regional capital of Xinjiang in western China, where at least 10 people died and nine others were injured a day earlier in an apartment fire. Many Chinese people say they suspect that those killed were hindered from escaping their homes by Covid restrictions — despite government denials.

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Vaccination rate in China is awfully low, especially among the oldest and thus most vulnerable demographic. Moreover, to maintain their “we are better than the West” narrative, they haven’t approved the more effective MRNA vaccines from the West. Instead they are relying on their less advanced homegrown vaccines.

If the protests are wide spread enough, then they can’t just run people over with tanks. This could be a collapse of communism moment.

On hindsight, running those protesters over with tanks was actually a good thing for China. It would not have enjoyed the economic miracle for 30 years had it collapsed back in 1989. Given that backdrop, those tanks will definitely be deployed again should protesters behave badly.

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It’s now official.

Of course they overcounted. The real number is far worse.

Mainland China’s population, excluding foreigners, fell by 850,000 people in 2022 to 1.41 billion, the statistics bureau said. The country reported 9.56 million births and 10.41 million deaths for 2022.

So now India is the country with the biggest population:

Population decline is a global phenomenon. Africa will be last continent to see it. Growth rates are slowing everywhere; the global rate goes negative before 2050.
BTW - life expectancy in the US is crashing. Now down to 76 with the average for men just 74. The Italians outlive us by 6 years. European expectantcies declined during the worst of COVID but are now rebounding some; ours continues to fall.