If you can't differentiate the differences between Capitalism, socialism & democracy system then very difficult to communicate with you. Just like talk chinese to a girl who do not understand chinese.
Tobby I am dissappointed on you lack of knowledge on economy. I thought your foresight is better that this. It seem that your knowledge in economy are weaker than I thought of you.
>>>>>>>>> Posted by Tobby > Jan 22, 2022 4:05 PM | Report Abuse
Chill Uncensored! Covid is turning endemic thanks to Omicron! Many are dropping mass vaccination seeing South Africa data! Anyway US failing is becoming obvious! Once Fed hike rate, you see the decline of US! US bourses will lose it's glimmer! Innovations have stalled for sometime! China will dominate innovations! Eventually, China wins because US has failed!
Seriously can't have a decent conversation qqq3333. She keep on murmuring & talking silly things. Aiyo she said Xi is loved on China. But what does she really means. A leader adored by the country citizens will that guaranteed the prosperity that country ? Hahaha so silly of her . Look at Leader Mao who being worshipped as God equivalent in China. How is China economy under Mao managed ?
Venezuela hero Hugo Chávez adored by people of Venezuela. He managed one of richest country in South America to become the poorest in his 14 years of his ruling.
No one has destroyed Chinese culture quite like the Chinese This week’s Kuora comes from one of Kaiser’s answers originally posted to Quora on June 7, 2014:
China has basically lost touch with its own cultural roots due to actions by the Communist party, especially the Cultural Revolution. Is China trying to underplay the Chinese influence on its language and culture? Cultural iconoclasm in China — the deliberate disavowal and repudiation of cultural traditions, attacks on the Confucian family system, attacks on classical Chinese, efforts to promote a single, modern, vernacular Chinese — began long before the Cultural Revolution, long before the Communist Party took power, even before the Communist Party’s founding in 1921. It really began with the New Culture Movement, which really began in earnest about a hundred years ago and really announced itself in 1915 with the publication of Xinqingnian magazine (La Jeunesse). Many prominent Chinese intellectuals of the time, with a wide range of ideological predilections — anarchists, anarcho-syndicalists, liberals, socialists, Marxists, nationalists — shared an antipathy to many traditional elements of Chinese culture and language, from religious and philosophical traditions from the sort of beliefs they disparaged as folk superstition to Confucianism to yin-yang and five phases cosmology to Chinese medicine. Hostility to classical Chinese actually led to the creation of the baihua vernacular that is used today.
Of course, Mao Zedong, who as a young man participated in the New Culture Movement and its most visible manifestation, the May Fourth Movement, was especially hostile, and during the Cultural Revolution, encouraged a smashing of the “Four Olds” (see above image). Even after the end of the Cultural Revolution, the push to make Putonghua (standard Mandarin) universal continued. Classrooms would elect a tuīpǔ (推普) representative in regions where another Sinitic language was prevalent; not sure whether that still is the case, but it was at least into the 1980s.
And of course, as Dan Holliday and Paul Denlinger have also pointed out, linguistic and cultural homogenization are quite natural especially in a time when mass communications have advanced, spread, and permeated all corners of practically every nation.
It would be incorrect, I think, to ascribe this entirely either to “natural” historical forces or to state agency. And it would be incorrect to suggest that this was something peculiar to the Communists, as it was well underway already.
China will become like Japan! I think we should give Chairman Xi benefit of the doubt! After decades of super heavy industrialization, Chairman Xi is going for moderate growth which is the right direction to go! The days of becoming slave to US is over! Let China be! Let China seek it's own direction! However, if i was given the opportunity to speak to Chairman Xi, i would say to him, stop the expensive military dominance! It's a very expensive hobby! Just be a good caretaker of South China Sea! Let US play the useless No.1 policeman! Which US totally fail! China should focus on rebuilding China into world best standard of living! 95% of China rivers are heavily polluted, China should focus on rehabilitating this rivers rather than going on global military expansion! Be the New Japan! Learn from Japan! The old Japan went into useless global aggression! It only made Japan into wasteland as resources were used for war! The New Japan learn from her mistakes and instead focus on it's people! The result speaks for itself!
Tobby do you invest in shares based on your gut feeling ? No right . Institution & prominent investors normal will look at the history of the company before they begin to invest. Whether you are chartist, fundamental FA or Value investors, all of them will look at the history i.e price charts, financial data, company background & news etc. The same analogy also applied in your prediction of the future of China under Xi. You need to look at the history & ask yourself why China suddenly beginning to be stronger country after Mao. Is there a new policy implemented by Deng? If so what is the policy that Deng implemented ? How this help China economic ? Look at Xi performance over his almost 8 years of leadership. He failed in his new foreign policy where most of the worlds developed nations turned to be hostile against China. A major shiufted of opinion on China as compare to pre Era of Xi. Economy wise , he is not doing a good. Failure to change or improved the structurally problem in China economic situation. Some more he beginning to abandone the Deng policy by moving toward socialism policy…central economic planning, common prosperity, nationalisation of China large enterprise. All THIS WILL KILL private innovation. In the end will resulted a lot of State sponsored illegal copycat. Tobby you cannot predicted the future of Chian based on your gut feeling. Take note that FACT do not care about how you FEEL. Have a nice day.
BEIJING -- Since Chinese President Xi Jinping took the helm of the nation nearly nine years ago as the Communist Party's leader, its economy has vaulted from half of America's size to 70% or so -- a gap that will continue to narrow, with some estimates saying it could surpass the U.S. within the decade.
China's gross domestic product has grown roughly 70% since 2012 in nominal dollars. Consumption was a key force behind the country's economic rise under Xi, with disposable income doubling per capita since 2012. Total retail sales of social consumer goods, which include both physical and online sales, came to 31.8 trillion yuan ($4.97 trillion) for the January-September period -- up 110% from the same nine months of 2012.
National fixed-asset investment, or investment in public works, factories and other facilities, increased 55%. For the January-October period, exports increased more than 60% and imports by almost 50% compared with the same 10 months of 2012.
Xi has been especially focused on lifting low-income households to end absolute poverty and achieve a "moderately prosperous society." Urban residents now have 160% more disposable income than rural residents, down from 190% in 2012.
China's economy has matured, its real GDP growth has slowed significantly, from 14.2% in 2007 to 5.9% in 2019. Fact has shown that during Xi leadership China’s GDP growth rate is the slowest in the history of China after Deng’s adopted the capitalism model.
The Chinese government so far has not able achieve the reform that are needed in order for China to avoid hitting the "middle-income trap," when countries achieve a certain economic level but begin to experience sharply diminishing economic growth rates because they are unable to adopt new sources of economic growth, such as innovation.
More than 30% of the China GDP growth was speared by properties development & infrastructure spending. Real estate investment directly contributes 14-15 per cent of GDP, including construction and residential property development, and about 25 per cent of GDP if taking into account upstream and downstream sectors, JP Morgan estimated. China’s infrastructure spending contributed 5.57% of the GDP growth.
In summary about 30% of the wealth created by China are in the form of infrastructure & buildings. The recent sharp falling of properties price has further dampened the local demand for housing which will spill over effect on the demands of others consumer goods in China. Furthermore the cumulative losses incurred by China high speed train authority is mounting up every days.
As the leader is moving toward socialism policy to contain the slowing down of economic will further dampen the private entrepreneurs’ innovation spirit. Just like put oil to fire...
>>>>>>>>>>>> Posted by Sslee > Jan 23, 2022 11:16 AM | Report Abuse
BEIJING -- Since Chinese President Xi Jinping took the helm of the nation nearly nine years ago as the Communist Party's leader, its economy has vaulted from half of America's size to 70% or so -- a gap that will continue to narrow, with some estimates saying it could surpass the U.S. within the decade.
China's gross domestic product has grown roughly 70% since 2012 in nominal dollars. Consumption was a key force behind the country's economic rise under Xi, with disposable income doubling per capita since 2012. Total retail sales of social consumer goods, which include both physical and online sales, came to 31.8 trillion yuan ($4.97 trillion) for the January-September period -- up 110% from the same nine months of 2012.
National fixed-asset investment, or investment in public works, factories and other facilities, increased 55%. For the January-October period, exports increased more than 60% and imports by almost 50% compared with the same 10 months of 2012.
Xi has been especially focused on lifting low-income households to end absolute poverty and achieve a "moderately prosperous society." Urban residents now have 160% more disposable income than rural residents, down from 190% in 2012.
qqq3333 even if you don't believed in God or any religion but you still believed in nature science right ? Could durian fruit came out from Mango tree ? No right. If so how can good things came out from evil people? Hahaha hahaha
The Great Leap Forward (1958-62) Simple History 3.71M subscribers
Land reform, where estates had been taken from rich landowners and redistributed to the peasants had taken place shortly after the communists had come to power. Collectivisation, where peasants lost their own pieces of land and instead worked for wages on land owned by the state had also begun to take place.
Mao believed this was not enough to expand both agricultural and industrial production and instead introduced the second five-year plan in 1958. This would become known as the ‘Great Leap Forward’.
China’s Xi Ramps Up Control of Private Sector. ‘We Have No Choice but to Follow the Party.’ Push driven by a conviction that markets and entrepreneurs are not to be fully trusted; ‘the market-reform camp is all but gone’ By Lingling Wei Dec. 10, 2020 10:05 am ET
Xi Jinping, long distrustful of the private sector, is moving assertively to bring it to heel.
China’s most powerful leader in a generation wants even greater state control in the world’s second-largest economy, with private firms of all sizes expected to fall in line. The government is installing more Communist Party officials inside private firms, starving some of credit and demanding executives tailor their businesses to achieve state goals.
In some cases, it is taking charge entirely of companies it regards as undisciplined, absorbing them into state-owned enterprises.
The push is driven by a deepening conviction within the country’s leadership that markets and private entrepreneurs, while important to China’s rise, are unpredictable and not to be fully trusted. The view that state planners are better at running a complex economy has gained currency this year, with Beijing relying heavily on state directives to engineer a V-shaped recovery from the shock of Covid-19.
Mr. Xi has made his priorities especially clear in recent months. In September, the party issued new guidelines for private companies, reminding them to serve the state and vowing to use education and other tools to “continuously enhance the political consensus of private business people under the leadership of the party.”
Just a few weeks later, Mr. Xi personally intervened to block the $34 billion initial public offering of one of China’s biggest private firms, Ant Group, partly out of concerns it was too focused on its own profits rather than the state’s goal of controlling financial risk.
The message isn’t lost on entrepreneurs, who are reorienting their businesses to appease the state or giving up on private enterprise altogether.
“For us small businesses, we have no choice but to follow the party,” says Li Jun, a 50-year-old owner of a fish-farming business in the eastern Jiangsu province. “Even so, we’re not benefiting at all from government policies.”
Mr. Li recently closed down a seafood-processing plant because it couldn’t get bank loans—a persistent problem for private firms, despite Beijing’s repeated pledges to make credit more available for them.
The risk for China is that Mr. Xi’s vigorous assertion of statist prerogatives will dull the kind of innovation, competitive spirit and unbridled energy that powered China’s explosive growth in recent decades. The economic policies that helped nurture e-commerce giant Alibaba Group Holding Ltd., tech conglomerate Tencent Holdings Ltd. and other global success stories seem to be at an end, say economists inside and outside China. As a result, they say, Chinese companies are becoming less like American ones, which are driven by market forces and depend on private innovation and consumption.
The information office of the State Council, China’s cabinet, didn’t respond to written questions for this article.
The percentage of Chinese manufacturing and infrastructure investment coming from private companies, after growing in recent decades, peaked in 2015 at more than half of total fixed-asset investments and has been shrinking since then.
China’s economy as a result has become less efficient. The amount of capital input needed to generate one unit of economic growth has nearly doubled since 2012, when Mr. Xi rose to power, according to the China Dashboard, a data project between research firm Rhodium Group and the Asia Society Policy Institute, a think tank. That is partly because China’s state-owned enterprises, which have swollen in size, are often less productive than private businesses, official data shows.
Party officials, for their part, see an opportunity to rein in the excessive risk-taking, debt and graft that accompanied the rapid rise of private businesses. Mr. Xi’s brand of state capitalism, which mixes markets with stepped-up state intervention, has survived a trade war with the U.S. and outperformed free-market economies recently, based on economic growth rates.
In one of the clearest signs of China’s direction, more state firms are gobbling up private companies, redefining a government initiative called “mixed-ownership reform.” The original idea, dating back to the late 1990s, was to encourage private capital to invest in state firms, bringing more private-sector acumen to China’s often-bloated state-owned enterprises.
Now, under Mr. Xi, the process often works the other way around, with big state companies absorbing smaller ones to keep them going, and reconfiguring the smaller firms’ strategies to serve the state.
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Posted by uncensored > 2022-01-22 16:13 | Report Abuse
First you means that people going to choice authoritarian & totalitarianism to replace democratic system right ?