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When Xi Jinping took the helm of the Communist Party in 2012 and declared that “only socialism can save China”, it was largely ignored because it referred to an outdated slogan that cannot be understood literally in a modern market economy. But the comprehensive new policy measures—from cracking down on Internet companies, for-profit education, online games, and excessive behavior in the real estate market—to promulgating “common prosperity” show that Xi Jinping is serious in guiding China to return to the roots of socialism. After lifting the term limit in 2018, the most powerful Chinese leader since Mao Zedong is promoting a small “revolution” that some observers call a small “revolution” to curb capitalist excesses and get rid of the negative cultural influence of the West. This effort has ranged from school curricula-including the newly required learning “Xi Jinping Thought on Socialism with Chinese Characteristics”-to stricter supervision of the real estate industry and the squeeze of entertainment activities deemed unhealthy by the government, making investors uneasy. It also prompted officials and official media to try to appease the market. For example, on Wednesday, the official People’s Daily tried to reassure the private sector that its support was “unchanged”: recent regulatory actions aimed at “rectifying market order”, promoting fair competition, protecting consumer rights and “improving the socialist system” “. Market economy system.” But observers say the intention is clear. Rana Mitter, professor of Chinese history and political science at Oxford University, said: “Xi Jinping wants to solve a very modern problem, namely neoliberal reforms. Make China less equal and bring back the sense of mission to shape China in the early Mao Zedong era. “University. Some analysts said that this inequality and the huge wealth and power accumulated in certain industries may undermine social stability and ultimately undermine the legitimacy of the party. The timing of reform reflects that China can solve problems through its own hybrid system. Rather than imitating the Western model, the West’s shortcomings—from the management of COVID-19 to the chaos of the U.S. election and the withdrawal of troops from Afghanistan—have been repeatedly described in China as evidence of a systemic decline. Based in Chile and formerly in Shanghai. Chen Daoyin, an associate professor at the University of Political Science and Law, said: “In the fight against the new crown virus, the state control model does seem to serve China. Chen said that Xi Jinping is confident of striking a balance between the government and the market, power and capital. “The danger is that when the country cannot resist extending its visible hand… it will bring unpredictability and political risks to capital. “Chen said. Since July, the Hong Kong market has lost more than US$600 billion (A$815 billion) in value. Investors have been hit by new regulations and are looking for clues about what might happen in old speeches. In the future. Xi Jinping’s radical populism also shows that he is confident that he will alienate those elites who are on the wrong side of his policies as he consolidates his third five-year term—rather than any obvious competition. But analysts say his calculations It’s even more than that. Yang Zhaohui, a political science lecturer at Peking University, said: “Xi Jinping is an ambitious leader with lofty ideals. He really wants to go down in history as a person who saves the party and the country. Under Mao Zedong’s leadership, the earliest partisanship aspired to liberate people from the exploitation of capital, destroy private ownership, and defeat U.S. imperialism. Mao Zedong’s successor, Deng Xiaoping, took a pragmatic shift, allowing market forces to stimulate production and release it. 40 years of rapid growth have promoted large-scale wealth accumulation-but also caused serious inequality. This summer’s reforms benefited from Xi Jinping’s consolidation of control since he took office: he launched a large-scale anti-corruption campaign , Eliminating the space for public dissent, and re-establishing the power of the Communist Party in all aspects of society-with himself as the “core.” With this power, Xi Jinping is solving a series of social problems, since people do not have enough babies and The unhealthy obsession with educational achievement, to the point that they are so stressed by the rat race that they would rather drop out of school and “lay down.” The new rules restrict young people from spending too much time playing online games and spending too much money to promote their Idol. Chen said: “Xi Jinping has set out to solve problems such as corrupt officials and the gap between the rich and the poor that cause pain for the people. “Although many Chinese are skeptical that Beijing can make people have more children or make housing in big cities more affordable, some of these measures seem to be welcome: Many parents welcome the reduced burden of education and the new three-hour work week. Control. The time limit for children to play online games. “Supporting the common people is his moral high ground to consolidate authority in the party, making it difficult for his political opponents to attack him. Who can oppose social equality? Associated Press of Australia
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When Xi Jinping took the helm of the Communist Party in 2012 and declared that “Only socialism can save China,” it was largely ignored because it mentioned an outdated slogan that cannot be understood literally in a modern market economy.
But the comprehensive new policy measures — from cracking down on Internet companies, for-profit education, online games, and excessive behavior in the real estate market — to promulgating “common prosperity” show that Xi Jinping is serious in guiding China to return to the roots of socialism.
After lifting the term limit in 2018, the most powerful Chinese leader since Mao Zedong is promoting a small “revolution” that some observers call a small “revolution” to curb capitalist excesses and get rid of the negative cultural influence of the West.
This effort has ranged from school curricula-including the newly required learning “Xi Jinping Thought on Socialism with Chinese Characteristics”-to stricter supervision of the real estate industry and the squeeze of entertainment activities deemed unhealthy by the government, making investors uneasy. It also prompted officials and official media to try to appease the market.
For example, on Wednesday, the official “People’s Daily” tried to assure the private sector that its support “has not changed”: recent regulatory actions aimed at “rectifying market order”, promoting fair competition, protecting consumer rights and “improving the socialist system” “. Market economy system”.
But observers said the intention is clear.
Rana Mitter, Professor of Chinese History and Political Science at Oxford University, said: “Xi Jinping wants to solve a very modern problem, namely that neoliberal reforms have made China less equal and brought back the shape of China in the early Mao Zedong era. Sense of mission.” University.
Some analysts said that this inequality and the huge wealth and power accumulated in certain industries may undermine social stability and ultimately undermine the legitimacy of the party.
The timing of the reform reflects China’s confidence that it can solve the problem through its own hybrid system, rather than following the Western model. The shortcomings of the West—from managing COVID-19 to the chaos of the US election and the withdrawal of troops from Afghanistan—are repeatedly described in China. As evidence of systemic decline.
Chen Daoyin, a political commentator based in Chile and former associate professor at the Shanghai University of Political Science and Law, said: “In the fight against the new crown virus, the state control model does seem to serve China.”
Chen said that Xi Jinping is confident of striking a balance between the government and the market, power and capital.
“The danger is that when the country cannot resist extending its visible hand… it will bring unpredictability and political risk to capital,” Chen said.
Since July, the Hong Kong market has lost more than US$600 billion (A$815 billion) in value. Investors have been hit by new regulations and looked for clues about what might happen in old speeches. future.
Xi Jinping’s radical populism also shows that he is confident that he will alienate those elites who are on the wrong side of his policies as he consolidates his third five-year term — instead of any obvious competition.
But analysts say that his calculations don’t even stop there.
Yang Zhaohui, a lecturer in political science at Peking University, said: “Xi Jinping is an ambitious leader with lofty ideals. He really wants to go down in history as a person who saves the party and the country.”
Under Mao Zedong’s leadership, the earliest partisanship aspired to liberate people from the exploitation of capital, destroy private ownership, and defeat U.S. imperialism.
Mao Zedong’s successor, Deng Xiaoping, took a pragmatic shift, allowing market forces to stimulate production and unleashing 40 years of rapid growth, which promoted large-scale wealth accumulation—but also caused severe inequality.
This summer’s reforms benefited from Xi Jinping’s consolidation of control since he took office: he launched a large-scale anti-corruption campaign, eliminated the space for public dissent, and re-established the power of the Communist Party in all aspects of society-with himself as the core”.
With this power, Xi Jinping is solving a series of social problems, from people not having enough babies and unhealthy obsession with educational achievement, to young people who are stressed by the rat race so that they would rather drop out of school and “lie down.” The new rules restrict young people from spending too much time playing online games and spending too much money to promote their idols.
Chen said: “Xi Jinping has set out to solve problems such as corrupt officials and the gap between the rich and the poor that cause pain for the people.”
Although many Chinese are skeptical about whether Beijing will allow people to have more children or make housing in big cities more affordable, some of these measures seem to be welcome: many parents welcome the reduced burden of education and the new three-hour work week . Time limit for children to play online games.
“Supporting the common people is the moral high ground for him to consolidate authority within the party, making it difficult for his political opponents to attack him. Who can oppose social equality?”
Associated Press of Australia
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Sources 2/ https://www.canberratimes.com.au/story/7424010/xi-returns-to-chinas-socialist-roots/ The mention sources can contact us to remove/changing this article |
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