China's ruling Communist Party is demanding a show of greater loyalty from the sprawling private sector as the world's second-largest economy grapples with growing external risks, from open U.S. hostility to the coronavirus pandemic.
When is leadership expressing a genuine sentiment? When is leadership just saying what the audience wants to hear?
Given that Xi's statements are being soundbitten by a western news service with a steep capitalist bent and the entire article amounts to "China needs private business more than private business needs China", I might want to dig in a bit further before writing Xi Jinping off as Chinese Ronald Reagan.
I don't really see this as a super good or super bad thing, it just seems like a step towards more oversight in the private sector and a move towards nationalization (a small one).
Socialist nations need private sectors still because the global markets are dominated by capitalists. Private sectors are a sort of necessary evil. Unless you're North Korea, but they share a boarder with China so benefit from their international trade.
Literally every socialist state has some form of private sector that it uses to interface with global markets, China is at least taking measures to try and keep theirs from growing uncontrollably.
I'm not one to say China is full communist or anything, but this is definitely a good sign that at least Xi seems to be serious about bringing back some of the revolution.
If they manage to develop trade with other socialist nations to the point that interfacing with the US and the West is no longer necessary, I think we'll see some pretty rapid changes.
The drum beating over Xinjiang is definitely a defensive reaction from the West because they know Chinese independence will spell their doom. Especially with China taking over for the IMF in Africa, giving way better deals.
It's the age-old question of politics.
When is leadership expressing a genuine sentiment? When is leadership just saying what the audience wants to hear?
Given that Xi's statements are being soundbitten by a western news service with a steep capitalist bent and the entire article amounts to "China needs private business more than private business needs China", I might want to dig in a bit further before writing Xi Jinping off as Chinese Ronald Reagan.
Think they're using this as the source: http://www.xinhuanet.com/english/2020-09/16/c_139373545.htm
I don't really see this as a super good or super bad thing, it just seems like a step towards more oversight in the private sector and a move towards nationalization (a small one).
Socialist nations need private sectors still because the global markets are dominated by capitalists. Private sectors are a sort of necessary evil. Unless you're North Korea, but they share a boarder with China so benefit from their international trade.
Literally every socialist state has some form of private sector that it uses to interface with global markets, China is at least taking measures to try and keep theirs from growing uncontrollably.
Agreed, it isn't a huge step from the current direction that China has been going on.
More that I think that stage 2 of the Dengist plan where the productive forces are deemed to be developed enough is still far off.
I'm not one to say China is full communist or anything, but this is definitely a good sign that at least Xi seems to be serious about bringing back some of the revolution.
If they manage to develop trade with other socialist nations to the point that interfacing with the US and the West is no longer necessary, I think we'll see some pretty rapid changes.
The drum beating over Xinjiang is definitely a defensive reaction from the West because they know Chinese independence will spell their doom. Especially with China taking over for the IMF in Africa, giving way better deals.