Leaderboard

This is rather long but is an excellent and balanced piece on China opportunities but also glaring issues. This guy spent 30 years in the National Planning Commission coming up with the goals and execution for nation nth 5 year plan. https://www.pekingnology.com/p/ex-ndrc-officials-comprehensive-review The last paragraph says it all... In summary, to address the structural economic slowdown in China, it is not necessary to solely rely on expanding domestic demand. Stimulating government investment through fiscal stimulus is not sustainable, considering the increasing debt burden of local governments and the limited room for further borrowing. Instead, focusing on supply-side structural reforms, such as addressing regulations in the real estate sector and promoting long-term public rental housing, while encouraging innovation and entrepreneurship, can lead to more efficient and sustainable economic growth. These reforms can also foster the development of new industries, technologies, products, and services. Emphasizing market-oriented reforms, rule-of-law governance, property rights protection, inclusivity, openness, and innovation and entrepreneurship will contribute to overcoming the current economic challenges, aligning with the original intent of China's reform and opening-up policy initiated in 1978. We must unswervingly stick to that route. I think author is saying Xi has veered off course and thats not going to be good...we need to get back on the old track.... Three-legged stool of capitalism Chinese style is unlikely to work well because:- (i) rule-of-law governance - no CCP value destroying matras on tech/education, etc (ii) Openness - Foreigners were blocked access to CHinese equivalent from Bloomberg recently for financial/market data - Access to global uncensored internet so people can make informed decisions and foreigners can easily stay in touch with their famiies - Xi has made china more of a jail - who wants to live in a jail ? (iii) inclusivity - Xi prosecution of Uihguyr and tibetan culture , Pushing Han/Mandarin culture as the primary (iv) Entrepreneurship - stop attacking entrepreneurs , innovation comes from private enterprises, not SOE ...Xi has reversed trend favors SOEs. My point is China has potential, but they also have a lot of structural issues and the ideological Xi is not helping the situation with bad ideas.

Luca. By now you should know that whenever West does something stupid (coup d’état, invasions, etc) the next generation in the West usually has a hard time remembering. They “file it” under “ohh that was the Cold War so it was ok” and move on some other fun things. Don’t fight it. There is no use.