[quote=FlyerInHi]Here’s a timely article on how China tames the internet. I just think China wants to insure stabillity by not allowing critics of the government to gain momentum. That’s all.
Xi is very powerful and he’s able to push his policies through. Yes, the Chinese middle class knows environmental pollution is a problem. But they are also millionaires sitting on huge real estate equity and other wealth they likely could not have accumulated had they immigrated to the West decades ago. Hence the push to renewables and China replacing American leadership as Trump retreats. Xi has been very supportive of Davos and Paris, economy and environment, the two most important issues for the Chinese educated class. Education would be third.
The border disputes with India is politics just like Iran was used by Trump during the elections. Makes people more nationalistic.
Xi has a tough job pivoting the Chinese economy to consumerism. I think he’ll pull it off. The construction companies have Belt and Road to keep working. That will help them gain more experience, international goodwill and export their high speed trains, telecom networks, create new markets, etc. That will also develop the hinterland and narrow the rural-coastal wealth gap.
I see products from China becoming international quality. So I see China moving to the next stage of development where they are creative and setting standards.
I’m not betting against China. People have poo-pooed China for the last thirty years and they have been proven wrong. Those same people are now forced to accept Chinese money which they called fake before.
Sure, China coiuld liberalize and they are in the area of travel and personal freedoms. But they won’t loosen the party’s grip on government, not until China is an advanced economy.
Maybe I’ve been listening too much to Kevin Rudd and Malcolm Turnbull. They have tied Australia’s future to China and Australia has so far done very well.[/quote]
Exhibit 743 on giving China the pass.
All in the name of stability.
Maybe Trump should learn from the Chinese and stabilize us.
