Koon Yew Yin's Blog
Chinese Communist Practices Democracy - Koon Yew Yin
Koon Yew Yin
Publish date: Thu, 01 Jul 2021, 06:18 PM
Koon Yew Yin
0 1,414
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.
All materials published here are prepared by Mr. Koon Yew Yin
All materials published here are prepared by Mr. Koon Yew Yin
Today is an auspicious day to write this article because China is celebrating the 100th year anniversary of the founding of the Communist Party of China (CPC).
China is marking the Chinese Communist Party’s centenary on July 1. Inspired by the Bolshevik Revolution in Russia, a group of Chinese revolutionaries secretly founded the CCP in the city of Shanghai on July 23, 1921. At the time, China was an impoverished country, racked by civil war.
A girl wearing a mask while waving the national flag during the centenary of the founding of the CPC history lantern show at Expo Garden on June 25, 2021 in Wuhan, Hubei, China [Photo by Getty Images]
Recently I wrote a piece namely “China’s progress is unstoppable” and this piece is a confirmation of what I said before. I visited China more than 10 times in the last 40 years and on each occasion, I see so many improvement in the peoples livelihood, property and infrastructure development.
The chart below shows China average GDP growth rate in the last 60 years from 1961 to 2021 which is much better than any democratic nation in the world.
The ideology of the Chinese Communist Party has undergone dramatic changes throughout the years, especially during Deng Xiaoping’s leadership and now Xi Jinping's leadership.
How does China practice democracy?
Although China is a one political party system, it also practices democracy in a different way. Every year a few million students would take university entrance exams. Every year the government gives out thousands of scholarships to the brighter students and when they graduate, they all work for the government as civil servants and also join the Communist Party.
China practices meritocracy; the most efficient worker gets promoted. The most efficient and senior civil servants will eventually be promoted to become village leaders, district leaders and gradually become city mayors.
What is the process for joining the party?
Joining the party is usually an arduous process that can take two to three years. Potential members must apply to their local party organisations, initiating a multi-year process with more than 20 steps to determine their qualification, including submitting a formal application, meeting with the local party organisers and attending party study sessions.
Candidates also need a party member to act as a guide and mentor, who they often find through party organisations at their work and schools.
After about a year of study, applicants need to pass written tests. They must also pass background checks – those with criminal records or whose family members have such records may fail these.
If they pass all of these steps, applicants still have to go through a probation period of at least a year before the party branch decides whether to admit them.
Party election
China’s communist party has a total of about 92 million members. Every year all the party members and all the senior civil servants would meet to elect political leaders, ministers and president and vice presidents. That was how President Xi Jinping was elected. Unlike Western democratic countries, the Chinese leaders are elected by their peers.
As I said earlier, the Chinese communist system is different from the normal communist system of government.
My grandfather came from China to Malaya
My grandfather came to Malaya from Quanzhou about 160 years ago. He came with his friends and relatives to cut timber to make railway sleepers. Unlike the old days, currently all railway sleepers are made of reinforced concrete. He passed away when I was about 10 years old. I still have relatives in Xiamen, Fujian. I have visited China more than 10 times and on every visit, I can see fantastic improvement.
The Chinese communist system is different from the normal communism.
What is a normal communism system?
Communism is an economic system where the group owns the factors of production. In countries, the government represents the group. The means of the factors of production are labour, entrepreneurship, capital goods, and natural resources. Although the government doesn't legally own the labour force, the central planners tell the people where they should work. German philosopher Karl Marx developed the theory of communism.
He said it was, "From each according to his ability, to each according to his need." In his view, capitalistic owners would no longer siphon off all the profits. Instead, the proceeds would go to the workers. To Marx, this meant that people would work at what they loved and did well. They would happily contribute these skills for the good of all. The economy would prosper because they would work harder than in capitalism.
"To each according to his need" meant the community would take care of those who couldn't work. It would distribute goods and services to everyone as they required them. Those who were able to work would be motivated by enlightened self-interest.
Western Democracy
The concepts of democracy and constitution as a form of government originated in ancient Athens circa 508 B.C. In ancient Greece, where there were many city-states with different forms of government, democracy was contrasted with governance by elites (aristocracy), by one person (monarchy), by tyrants.
Gradually the Western style of democracy is developed which is a multi-party system of government. The party which won the most votes during a general election will have the right to form the government. Every citizen is entitled to vote. As a result, any politician who can make convincing speeches will win more votes.
That was how businessman Donald Trump became US President.
More articles on Koon Yew Yin's Blog
Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin
Created by Koon Yew Yin | Apr 22, 2024
Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:
Sendai price trend reversal - Koon Yew Yin
Created by Koon Yew Yin | Apr 22, 2024
Sendai price chart below is showing its price trend reversal. It is hitting a record high.
How can KSL double its profit? - Koon Yew Yin
Created by Koon Yew Yin | Apr 18, 2024
After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.
Why Sabah will leave Malaysia - Koon Yew Yin
Created by Koon Yew Yin | Mar 29, 2024
Currently Sabah Government does not know that solar panel produces the cheapest electricity???
Malaysia can be one of the richest nations in the world - Koon Yew Yin
Created by Koon Yew Yin | Mar 23, 2024
During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.
Property Developers comparison - Koon Yew Yin
Created by Koon Yew Yin | Mar 04, 2024
All property developers have just announced their annual profit for 2023. All of them reported increased profit.
My contribution as an Engineer - Koon Yew Yin
Created by Koon Yew Yin | Mar 04, 2024
Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.
What can KSL can do to benefit shareholder? - Koon Yew Yin
Created by Koon Yew Yin | Mar 01, 2024
What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...
All Investors require Anticipation - Koon Yew Yin
Created by Koon Yew Yin | Feb 29, 2024
After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.
Property developers share prices comparison based on latest EPS - Koon Yew Yin
Created by Koon Yew Yin | Feb 29, 2024
KSL is the cheapest in terms of PE ratio. KSL Holdings Bhd is a holding company. It is engaged in real estate services.
Discussions
1 person likes this. Showing 50 of 474 comments
Phillipine coast guard drove away China warship from West Philippines Sea
https://news.abs-cbn.com/video/news/07/19/21/philippine-coast-guard-china-warship-marie-louise-bank
2021-07-21 00:11
you always so bloddy sure about every little piece of china arrse kissing krrap that you post leh
2021-07-21 13:43
Haha if you with friend like US who needs enemies? Just need to look at securities at US embassy around the world.
2021-07-21 14:02
So US now wants to be hero in South China Sea! I mean, Phillipines just chase away China ships using those rubber boats! Good job! Wait, doesn't US has mighty military base in Phillipines!
Even if US willing to send their ships to patrol South China Sea, how long before it bankrupt them! It's a very expensive game you know! As for China, they send those fishing boats aka warships to do all the spying and patrolling! Yeah, catch fish while making dominance in South China Sea!
I think China will eventually control SCS in decade or so! Asean will have no choice but to ask permission from China if they want to get little fish! And China will charge Asean for any catch!
2021-07-21 14:21
No lah...Modern china never attack any nations to occupy it unlike Nazi Germany loh!
Posted by BountyOfTheBourse > Jul 21, 2021 1:54 PM | Report Abuse
Just like Germany in late 1930s to mid 1940s
2021-07-21 14:30
A well train dogs does not simply bark, he understand what is real freedom mah!
This how the china people behave very well, they know how to manage a good nation unlike the west simply bark with all sorts of fake news loh!
The western are just hypocrite n simply undiscipline bark everywhere loh!
Posted by winterwolf > Jul 21, 2021 2:37 PM | Report Abuse
Dogs on a leash will never know what freedom is.
Barking is all they can do.
The enemy of the dog owner is the dog enemy, but when the enemy fed the dog well, the dog get confused and goes quiet, too bad, some strays still bark here, wanting very hard to be leashed, no luck though, strays are unwanted.
Posted by BountyOfTheBourse > Jul 21, 2021 1:50 PM | Report Abuse
China now making enemies with everybody on every side
2021-07-21 14:45
China have not does not and will not invade foreign country....every thing else is created by western media....ignore.
2021-07-21 15:13
China's socialism with Chinese characteristics, xiaokang achieved , next goal is full rejuvenation of China ...............
I really cannot see any weakness...u can/?
I mean the energy, unity, clarity is so high, ....
the history from 1949 to present is rich, plenty of lessons they learnt by hard already....China truly is in the sweet spot.
whereas America western liberal democracy is not delivering the goods and crumpling.
2021-07-21 15:22
crumpling empires are very dangerous...they can and often take the world down with them.
2021-07-21 15:25
western media: communists bad, China bad. America good.
not even sure truth got any more meaning in western media.
2021-07-21 15:42
But I bet u, people in China very satisfied, including muslims living in China.
2021-07-21 15:44
France ready to join in toward upholding UNCLOS in SCS
https://youtu.be/V3W0Ky4oqPw
2021-07-22 00:35
THATS WHY THEY ARE TRUE HYPOCRITE MAH!
Posted by Junichiro > Jul 22, 2021 8:49 AM | Report Abuse
Essentially, the US n UK are saying all countries must comply with UN rulings but they themselves would not comply any UN rulings.
2021-07-22 10:51
THATS WHY THEY ARE TRUE HYPOCRITE MAH!
Posted by Junichiro > Jul 22, 2021 8:49 AM | Report Abuse
Essentially, the US n UK are saying all countries must comply with UN rulings but they themselves would not comply any UN rulings.
2021-07-22 10:51
Japan has officially dumped the One China policy
https://youtu.be/GW-dQ-Vqu9o
2021-07-24 00:59
No problem mah!
If Japan chose to be hostile, that is a very good excuse for China to whack Japan mah!
Bcos military Japan is weak compare to China & Russia loh...!
China can attack from mid & south whereas allies Russia can attack from north loh!
China can seek revenge due to Japan past bad deeds done to china loh!
Posted by GrowingRich > Jul 24, 2021 1:01 AM | Report Abuse
Japan has now officially dumped the so called 'One China' policy
https://youtu.be/GW-dQ-Vqu9o
2021-07-24 08:06
democracy in Tibet is inevitable
https://www.deccanherald.com/international/democracy-is-inevitable-in-tibet-says-outgoing-political-leader-of-exiled-community-934794.html
2021-07-24 12:22
U CAN ASK BACK THE SAME QUESTION TO THE USA, WHY TEXAS CANNOT BE A WELL MANAGE COMMUNIST WELL RUN CAPITALISM STATE LIKE CHINA LEH ?
Posted by GoldenHarvest1 > Jul 24, 2021 12:25 PM | Report Abuse
democracy in Tibet is inevitable
https://www.deccanherald.com/international/democracy-is-inevitable-in-...
2021-07-24 16:32
US, Japan & South Korea offer Taiwan support after China incursions
https://youtu.be/6xFTzRIt2kw
2021-07-25 00:41
UK, US & Dutch warships ignore China warnings & enter SCS
https://youtu.be/PzDJbmWjRSw
2021-07-28 12:43
freedom of navigation & overflight on international maritime waters must always be defended, at all costs
2021-07-28 12:45
Stand with China the new number 1 superpower of the world loh!
China excel in;
1. Economics...it is already number 1 in the world base on purchasing power parity loh!
2. Sports...it is already number 1 in the world base on gold won todate in Tokyo olympic mah!
3. Military...it is number 3 after Usa and Russia loh!
4. Science & Technology...some area China already ahead of Usa loh!
5. Base Citizen Happy Index- China in number 1 far ahead of USA, Japan and Germany mah!
6. Quality of Education China is ahead of USA loh!
CHINA WILL BE GREATEST NATION SOON LOH!
2021-07-31 08:47
UK rebuffs China state media warning over aircraft carrier task force
https://www.thestar.com.my/aseanplus/aseanplus-news/2021/07/30/uk-rebuffs-chinese-media-warning-over-carrier-task-force
2021-07-31 11:20
Correctloh...this bugger USA is a trouble maker mah!
Posted by king36 > Jul 31, 2021 11:54 AM | Report Abuse
You must have squinted eyes to see China in this light.
USA is the trouble maker all over the world and try to impose her "Exceptionality" and judging pointing finger on everybody whereas the country herself is now in turmoil and has her citizens fighting one another.
Karma is showing there.
2021-07-31 15:12
Chinese PLA party under communist system but its system are more democratic than so call the democratic country mah!
2021-08-03 13:59
Post a Comment
Featured Posts
Apps
Top Articles
1
IPOWatcher
2
Koon Yew Yin's Blog
3
The Alpha Trader
4
5
6
7
THE INVESTMENT APPROACH OF CALVIN TAN
8
Koon Yew Yin's Blog
Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
qqq3333
https://www.youtube.com/watch?v=8yo0lb1wnYE
Tings Chak: China is in fact a socialist country
9 minutes of pure gold
2021-07-20 23:56