Xi Jinping’s playbook decoded for China observers

Description

Navigating the enigmatic twists and turns of China’s political and economic strategies feels like unraveling a Gordian knot. There’s a whirlwind of speculations about whether the decisions and trajectory are orchestrated by its current leader, Xi Jinping, or have roots in the foundational principles of the Chinese Communist Party (CCP) dating back to 1949. China, … Read more

Navigating the enigmatic twists and turns of China’s political and economic strategies feels like unraveling a Gordian knot. There’s a whirlwind of speculations about whether the decisions and trajectory are orchestrated by its current leader, Xi Jinping, or have roots in the foundational principles of the Chinese Communist Party (CCP) dating back to 1949.

China, with its colossal economic ambitions, seems to be maneuvering in a direction that perplexingly undercuts its potential.

Shifting Gears or Hitting the Brakes?

The list of China’s recent economic decisions reads like a baffling script. Think about prominent entrepreneurs vanishing off the public radar, stringent espionage laws that tangle up business operations, or the stark pivot from nurturing the private sector to favoring state-owned enterprises.

These moves are undeniably putting the brakes on their economy. Massive capital flights and a discernible slowdown are becoming the day’s headlines, belying the nation’s once meteoric rise.

This departure is all the more jarring considering China’s historic trajectory. Starting from 1979, China’s embrace of economic reforms bolstered the private sector’s role, paving the way for unprecedented economic growth. This epoch witnessed almost 800 million people breaking free from the shackles of poverty.

The Man or the Party?

Let’s be blunt. Pointing fingers at Xi Jinping has become somewhat of a favored pastime for China watchers. While the global community ponders whether they’re distancing or safeguarding themselves from the Asian giant, some opine that the true maestro of this so-called “decoupling” is none other than Xi Jinping himself.

Ryan Hass, steering the China Center at Brookings, didn’t mince words. He dissected Xi’s approach, attributing China’s shifts to his “ideological rigidity and unchecked control.”

This viewpoint is starkly at odds with the pragmatic era that marked China’s period of reform. Hass, like many, feels the tremors in China’s private sector, which used to be the economic dynamo.

Kevin Rudd, once Australia’s prime minister and now their ambassador to the United States, painted a dire portrait in the Foreign Affairs news publication. Xi, in his eyes, is harking back to the tenets of “Marxism-Leninism,” a philosophy many assumed was fossilized in the annals of history.

Rudd believes that Xi’s renewed commitment to this doctrine will inevitably cap economic growth. However, not everyone’s buying this narrative. Anne Stevenson-Yang, founder of J Capital Research, believes we’re giving Xi too much credit. In her assessment, it’s the CCP that’s pulling the strings.

The growing clout of the private sector was perceived as a threat to the party’s dominance. Stevenson-Yang, a China veteran with over two decades of on-ground experience, offers an unsentimental view: the CCP’s policies, even those appearing reformative, were always a means to an end – garnering resources and power.

Drawing Parallels with the USSR’s Downfall

Many experts contend that the specter of the Soviet Union’s disintegration still looms large over China’s policymakers. The 1989 collapse of communism in USSR profoundly impacted China’s psyche.

Xi Jinping himself has expressed apprehensions about the potential erosion of ideological rigor, citing the USSR’s fate as a cautionary tale. The prevalent sentiment is clear: Xi refuses to mirror Mikhail Gorbachev’s legacy, the last leader of the Soviet Union.

Chinese officials, on their part, aren’t just bystanders in this discourse. They’ve ardently defended their economic policies and progress. According to them, almost 92% of all registered companies in China are privately owned. They emphasize ongoing efforts to buttress the private sector’s role, even establishing a bureau focused on its development.

Yet, naysayers abound. Liza Tobin, of the Special Competitive Studies Project, sounds an alarm for foreign businesses in China. According to her, once the country achieves self-reliance in technology, foreign enterprises will face the exit door.

Others, like journalist Bob Davis, rue the day they misread Xi as a modernizer, now labeling him an “orthodox Marxist.” Regardless of one’s stance on this complex narrative, one thing’s for sure: China’s recent trajectory has ruffled feathers.

For long-time observers like Schell, who witnessed China’s transformative journey from the era of Mao Zedong, these moves are deeply unsettling. The hope, however faint, is that this isn’t a prologue to a tragic denouement for China.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Xi Jinping’s playbook decoded for China observers

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月21日 20:04
Next 2023年9月21日 21:56

Related articles

  • SEC Staff Emails Reveal XRP Failed Howey Test, Questioning SEC’s Allegations

    TL;DR Breakdown Newly revealed SEC staff emails suggest that Ripple’s XRP may not meet the criteria to be considered a security, contradicting the SEC’s allegations. The court’s decision to make documents related to the Hinman Speech public could provide insights into why Ether was classified as a non-security In a dramatic twist to the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), newly revealed SEC staff emails have raised questions about the regulatory agency’s allegations against Ripple’s XRP cryptocurrency. Attorney John Deaton, who represents XRP holders, brought attention to a footnote in Ripple’s court briefs, which suggests that XRP may not satisfy the Howey Test and, therefore, should not be considered a security.  The revelation has sparked concerns about the SEC’s actions and their alignment with their own staff’s analysis. Additionally, the court’s decision to reject the SEC’s motion to seal documents related to the Hinman Speech has heightened anticipation within the cryptocurrency industry, as these memos could provide insights into why Ether (ETH) was deemed not to be a security. Footnote Raises Doubts…

    Article 2023年5月22日
  • U.S. government moves $300 million in Bitcoin seized from Silk Road

    TL;DR Breakdown The U.S. government, linked to the Silk Road seizure, transferred over $300 million in Bitcoin, causing a brief dip in Bitcoin’s price. These funds likely come from the largest-ever U.S. government crypto seizure in November 2021, totaling $3.36 billion from the Silk Road marketplace. The U.S. government has been gradually selling its seized Bitcoin, with significant transactions impacting Bitcoin’s price, highlighting the interconnectedness of the crypto market. Description Two wallets linked to the U.S. government, associated with the infamous Silk Road seizure, have caught the attention of crypto watchers as they shuffled around over $300 million in Bitcoin across three transactions on Wednesday. Notably, Bitcoin’s price fell to $30,480 following the transactions. According to on-chain data, the government-controlled wallets conducted transactions involving a … Read more Two wallets linked to the U.S. government, associated with the infamous Silk Road seizure, have caught the attention of crypto watchers as they shuffled around over $300 million in Bitcoin across three transactions on Wednesday. Notably, Bitcoin’s price fell to $30,480 following the transactions. According to on-chain data, the government-controlled wallets conducted…

    Article 2023年7月13日
  • US dollar will lose dominance, but will yuan ever actually take its place?

    TL;DR Breakdown Economist Paul Krugman acknowledges a global trend of de-dollarization, but asserts the U.S. dollar’s dominance is stable. The drop in dollar’s share in central bank reserves is due to diversification into smaller currencies, not to a shift towards significant rivals. Despite China’s economic power, Krugman doubts the Chinese yuan will replace the U.S. dollar due to factors like limited use of Mandarin and China’s capital controls. Description With the shifting economic currents stirring the debate on the future of the U.S. dollar, one question persistently surfaces: Will the Chinese yuan eventually assume the dollar’s throne? While the notion of the dollar’s downfall continues to gain traction, celebrated economist and Nobel laureate, Paul Krugman, proposes a comprehensive examination of this matter. The persistence … Read more With the shifting economic currents stirring the debate on the future of the U.S. dollar, one question persistently surfaces: Will the Chinese yuan eventually assume the dollar’s throne? While the notion of the dollar’s downfall continues to gain traction, celebrated economist and Nobel laureate, Paul Krugman, proposes a comprehensive examination of this matter….

    Article 2023年7月19日
  • Google Cloud inks deal with El Salvador to drive digital transformation

    TL;DR Breakdown Google Cloud has inked a deal with El Salvador to push digital transformation and innovation. El Salvador’s progressive stance towards technological integration. Description Google Cloud’s recent collaboration with the government of El Salvador, unveiled on August 29th, marks a significant stride towards digitizing the nation and enhancing various sectors such as healthcare, education, and government services. This partnership, which involves establishing an office and introducing Google Distributed Cloud (GDC) services, is poised to bring about transformative changes. Google … Read more Google Cloud’s recent collaboration with the government of El Salvador, unveiled on August 29th, marks a significant stride towards digitizing the nation and enhancing various sectors such as healthcare, education, and government services. This partnership, which involves establishing an office and introducing Google Distributed Cloud (GDC) services, is poised to bring about transformative changes. Google Cloud initiative will push for digital innovation The primary objective of this initiative is to propel El Salvador into the digital age, modernizing government operations and public services. The GDC, a decentralized cloud service, will play a pivotal role by facilitating the…

    Article 2023年8月31日
  • Lawsuit: Evan Singh Luthra seeks $16,000,000 that was stolen by Bitget

    Description Evan Luthra, the renowned blockchain influencer, has finally had enough of Bitget’s alleged charades and backdoor games. The 28-year-old who was recently featured in Forbes’ 30 Under 30, has taken a stand against what he perceives to be a massive act of fraud and theft, through a colossal lawsuit of $16 million. So, let’s unpack. … Read more Evan Luthra, the renowned blockchain influencer, has finally had enough of Bitget’s alleged charades and backdoor games. The 28-year-old who was recently featured in Forbes’ 30 Under 30, has taken a stand against what he perceives to be a massive act of fraud and theft, through a colossal lawsuit of $16 million. So, let’s unpack. Contents hide 1 Bitget’s betrayal: More than just numbers 2 A scandal bigger than you think: Understanding the $16m lawsuit 2.1 Count One: Theft of Funds 2.2 Count Two: Defamation and Lies 2.3 Count Three: Manipulation of REELT and Market Fraud 2.4 Count Four: Regulatory Violations 3 Luthra takes a stand Bitget’s betrayal: More than just numbers It’s not just about the money for Evan. It’s…

    Article 2023年8月1日
TOP