The media is playing this angle because any move towards perceived normalization is bad even though this is the standard. Pretend to be enemies and then casually meet to discuss business. When the US does it is asserting dominance or ignored altogether. When the EU now does it its suddenly a crazy shift in foreign policy etc. China loves this clown circus so they're certainly never going to be the ones against it as well.
This is merely the standard, would anyone say the US is pro China when Blinken and Yellen visited regularly in the past few years? Remember Newsom's China visit?
The media is never going to be as critical as they should be if it highlights their own hypocrisy that's all. When its October 2024 and Wall Street is celebrating China's "incentives" you'll not see headlines claiming the US is suddenly reverting decades of sinophobia and turning pro-China either. You see because clearly Wall St doesn't influence Washinton at all. Its certainly not February 2025 and Wall St is once again pushing the Chinese financial market despite Trump's threats
If and when these shits actualy happen its at best the EU trying to not be as hypocritical. You know the saying those who use the propaganda as a tool and those who actualy believe their own BS. The EU libs just fundamentally believe their own BS which leads them to be in a disadvantage against the US which has no problem talking on both sides.
So the point then, how is this a split when the US is just as much into China? Its not realy, its just the EU libs for once catching up to the fact they're the idiot ones actualy believing the ideological BS while the US benefits from talking shit about China while also making their profits from doing business with China. Maybe the US would like to keep this privilege so EU autonomy angers them, either way the US will be investing in China when profitable regardless, its just EU libs missing out.
I personaly do not think there is anything to celebrate here either, if you do all you're doing is reinforcing the CPC's ideal of the end of the cold war, no conflicts and no principles just trade trade trade, with your enemies and those who continue to destroy the world and the left. Meanwhile the world burns, alliances mean nothing, the global south continues without real solidarity or a real compromise etc. The Dengist pill is great if you're living in China, for everyone else in the global south we're heading towards doom death and destruction.
























This is wrong, there should be no narrative that this is some recent liberal coup or whatever.
China has been opening up consistently even as far back as 2021. The negative list for foreign investments for example, in 2017 the list was at 68, in 2024 this list is down at 29. Remember what happened in 2017-2020(pre-covid even) that made China accelerate the opening up?
2018-Lifting restrictions on foreign equity investments in Chinese financial firms, removing enforced partnership rules for carmakers among pledges made at Boao Forum for Asia
"China unveiled two shortened negative lists for foreign investment in December, marking the fifth consecutive year the world's second-largest economy has revised its national negative list and pilot free trade zone negative list. The number of items off-limits for foreign investors has been cut to 31 in the latest version of the national negative list, down from 33, and the number of items on the pilot FTZ negative list has been reduced to 27 from 30 in the 2020 version."
Of course we wouldn't call opening up a coup after all its the foundational principle of Dengist reforms, so why would Xi/CPC being concerned with mainstream economic policy be a coup?
They've always welcomed private capital and the online western/reddit "ML" sphere always overplayed the significance of the CPC's control over the private sector. It is significant yes but in large part only in contrast with the west, on its own they've always compromised.
BTW state media as always patting themselves on the back for checks notes defending the neoliberal status quo and getting cheers from the neoliberals at the back. Behold Great Xi standing up against checks notes populism. May as well ask CGTN if they're taking notes from the US democrats lol, was this a coup in... 2018 too?
Furthermore Xi/CPC/Dengism are not anti-capitalists and already made very clear where they stand e.g he always made apologetic remarks towards e.g "globalization". There is no understanding that these "downsides" are non negotiable for the working class, no just BS naive pro-capitalist smiley face capitalism/trade bs. They very openly pride themselves on supporting the global market and globalization. They try to wash clean the actual horrors necessary to keep the wheel turning and merely ask for more friendly talks so we can all happily work out the "downsides". As he says, none of this is something that must be fundamentaly opposed.
There are many quotes for this just two examples: 2017 WEF
spoiler
2019
In other words, We should stick with "opening up" and "we should not seek a new system, but instead improve the current neoliberal order". He says this cleanly without shame or hesitation as if this is what actual socialists, nevermind communists ought to believe. Xi says a lot of nice things and I absolutely don't think its a baby with the bathwater situation. For China its undeniable he is a committed towards "common prosperity" as he calls it.
It is also not a coup or a sudden change that the CPC is openly committed to appeasing foreign investors and the financial markets. The CPC is now deeply anxious that the global economy and the US can't help sustain their unique growth anymore and the political consequences of the end of Xi's common prosperity.
The US put the pressure using the consumption/"EV overcapacity" narrative and the CPC believed this consensus as one of the reasons they're having bad data. So they're trying BS nonsense to boost "consumption" because there are absolutely no Marxists allowed in positions of power. I wont go yet again on the Marxist solution but they have no clue what to do except the mainstream consensus. I'm not optimistic they'll find the right solution from here, its possible but unlikely they'll go back to 2010 policies given e.g the housing crash.
They turn to neoliberal economists, bankers, the financial market for advice because these are the adults in the room, as you know its liberal academia that dominates in China not Marxism. It is absolutely not a coup at all, it implies the CPC was much further economicaly left than the reality.