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crisis in china
Facts Rain on Xi’s Parade
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  • Jacksonian_Libertarian

    “Xi, therefore, has been working systematically to gather enough power into his own hands to ram through the necessary changes to reshape China’s economy.”

    All of this assumes Xi knows what changes need to be made (highly doubtful), and that he isn’t just grabbing more power because politicians always want more power. However, the competence of the Chinese Communist politicians was on complete display in the water buffalo economy of Mao. And China would still be back there if the foreign investors hadn’t built state of the art factories in China to take advantage of the cheap Chinese labor and potential 1 Billion consumers. Now that the foreign investors are desperate to get their investments out of China ($800 billion has left China in the last year, and that was before the recent stock market crash), and are taking their world markets with them, China will revert back. If Chinese belligerence and outrageous territorial demands does end up starting a war in the China seas, we can expect a blockade of all China’s ports, which will permanently cost China most if not all of its export trade. Also, a war would see most if not all of China’s $4 Trillion in foreign treasury holdings repudiated. China doesn’t make anything that can’t be made elsewhere as or more cheaply, and with a lot fewer risks. In addition, despite 40 years of growth China can’t boast a single world recognizable name brand like Sony, Samsung, Toyota, Kia, Microsoft, Intel, Google, etc… In all likelihood Xi’s changes are going to consist of the confiscation of what little foreign ownership still remains in China, and the property of his political opponents.

    • johngbarker

      Gee, weren’t they supposed to bury us or was that someone else?

      • f1b0nacc1

        That was Khrushchev….

  • tarentius

    A lot of words saying nothing and missing the central problem facing China. Chinese communism and a modern liberal, regulated market economy are incompatible.

    • ImperiumVita

      Everybody knows that already. The article is addressing the specific symptoms of the disease in the context of the flailings of the primary Communist witch doctor.

      • tarentius

        Since when do you know what everybody knows? And, “everybody” obviously doesn’t include Dr. Mead.

  • rheddles

    Another chemical blast?

    Coincidence?

    Better Things for Better Living…Through Chemistry.

  • nwberger

    We are about to see the economic equivalent to the Tiananmen square political suppression. Chinese governments have always gone to the sword when their power is under siege. As usual in these historic cases the government itself is responsible for the potential or real chaos. Look for controls on capital movement, price controls, import controls, maybe even a second term for Xi and jail terms, etc. Repression returns. Those in China that want to get out, do it now.

  • johnwerneken

    I know of no example where an authoritarian regime tried to manage authentic change, and the change was not halted by mass murder, and the regime survived.

  • joeblow55

    Xi’s replacement is tucked away in jail, Bo Xilai. Xi eliminated him in a ruthless bid to gain power. Now the chinese PLA and other forces must free Bo and overthrow Xi. let harmony and peace rule in China, under Bo Xilai’s benificent rule.

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