Chinese Economics Thread


localizer

Captain
Registered Member
Disagree, I think the party needs to step in to make sure private capitalists pay their workers fair wages. Inequality in China needs to be reduced. What's the use of a Communist party without at least some socialist measures?
If things go badly. But if things go badly, then everyone is terrible and every move is a blunder. When it is implemented properly, it prevents companies from being consumed by their greed and being seduced into unethical practices at the cost of national direction and benefit.

I just think China doesn't have time to worry about these things right now, GDP too low to start interfering with the market machine.
 

BrightFuture

New Member
Registered Member
Good. Capitalists should be kept on a tight leash, make sure their greed does not collapse the country. I praise this move by Xi.
I'm pretty happy about it too, but I'm very confused. On one hand China is reforming and opening its economy further, even to the point of allowing hawks like BlackRock. On the other, China is also increasing its control over the economy, and promoting and expanding socialism with Chinese characteristics. I can't really tell in which direction the country is moving. I have high hopes for more socialism, so I hope in the future my dreams won't be shattered.

I must also add that I'm a bit worried about the situation on the ground in China. I found out that many people don't really know what communism is. They study it, puke it in 高考 and forget about it. My friends often say I'm too "red", so I'm afraid people have lost the revolutionary spirit. I know some people also use the CPC as a means to get a job or make connections, not because they are communist. In my opinion, this is a dangerous kind of subversion, nothing would be worse for China and Chinese people than abandoning the ideological communist line of the party.

All that being said, I would appreciate if someone here could share their experiences and thoughts about the current state of Communism/Socialism in China and the CPC. I have only lived in China for a couple of years and I'm pretty sure my experiences differ from others. Once I come back I will talk with a friend that is a CPC member, but until then I would really appreciate if any of you could give me some good news/positive information regarding these topics.

Thank you all and sorry for the wall of text.
 

solarz

Brigadier
I'm pretty happy about it too, but I'm very confused. On one hand China is reforming and opening its economy further, even to the point of allowing hawks like BlackRock. On the other, China is also increasing its control over the economy, and promoting and expanding socialism with Chinese characteristics. I can't really tell in which direction the country is moving. I have high hopes for more socialism, so I hope in the future my dreams won't be shattered.

I must also add that I'm a bit worried about the situation on the ground in China. I found out that many people don't really know what communism is. They study it, puke it in 高考 and forget about it. My friends often say I'm too "red", so I'm afraid people have lost the revolutionary spirit. I know some people also use the CPC as a means to get a job or make connections, not because they are communist. In my opinion, this is a dangerous kind of subversion, nothing would be worse for China and Chinese people than abandoning the ideological communist line of the party.

All that being said, I would appreciate if someone here could share their experiences and thoughts about the current state of Communism/Socialism in China and the CPC. I have only lived in China for a couple of years and I'm pretty sure my experiences differ from others. Once I come back I will talk with a friend that is a CPC member, but until then I would really appreciate if any of you could give me some good news/positive information regarding these topics.

Thank you all and sorry for the wall of text.
Most people don't care about politics. They just want to get a good job, buy a nice apartment, and send their kids to a good school.

Those abstract political concepts are pretty meaningless to most people.
 

SoupDumplings

Junior Member
Registered Member
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Thoughts on this?
This seems like a plausible reason. But I feel that it would make trade relations more difficult in other countries. I guess it depends how far they go. If Beijing acts like the US does with its large tech companies (using diplomatic pressure to avoid investigations and restrictions), it should be fine. But if private Chinese companies are forced to get involved in politics, that'll be bad.
 

horse

Junior Member
Registered Member
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Thoughts on this?
Kind of boring.

This appears to the Communist Chinese Party version of virtue signalling.

Heck, I am not even sure what virtue signalling is.

As long as the party cadres move at China speed in business, there should be no conflicts of interests.

Ren Zhengfie and Jack Ma aka Ma Yun are card carrying CCP members.

Lets hope that break dance guy at TikTok is loyal to the CCP.

:p
 

localizer

Captain
Registered Member
You should know by now that Western reporters do not tell the whole story.

There is no way the CPC can install party members in *every* private firm.
They did it in the old days, they can do it again. Back then there were selfless ideologues who were actually helpful, today, I wonder...

The only way Chinese civilization can be destroyed is from the inside, AKA bad policies. Time and metrics will be the ultimate judge on Xi though.
 

cbl21

Junior Member
Registered Member
I just think China doesn't have time to worry about these things right now, GDP too low to start interfering with the market machine.
Apparently, here's a take as to why China is nationalising its private sector:

this is a move to keep CEOs/executives/management teams in line for chinese strategic goals and national interests. it might also be a way to make it impossible for the u.s. to selectively sanction ONLY chinese companies with CCP members (since it'll be all of them), which is what matt pottinger has planned for the coming weeks/months.
[IF US sanctions ALL Chinese companies] Clients/customers/suppliers of chinese companies register for europe/china's alternative to SWIFT, and convert enough of their currency reserves (mostly in dollars now) into RMB and their own domestic currencies in order to continue doing business. just like companies are now looking to produce china-only supply chains in order to dodge existing u.s. sanctions. it's why there is so much FDI into china every year, especially in greenfield investments for new manufacturing facilities in the chem/pharm/chip sector. samsung moved their phone manufacturing out and instead moved their memory chip manufacturing in. sony moved their software development in. etc.
 

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