What's new

Is Xi Jinping’s Bold China Power Grab Starting to Backfire?

frequency

BANNED
Joined
Nov 17, 2014
Messages
496
Reaction score
-6
Country
Canada
Location
Canada
Source: https://www.bloomberg.com/news/arti...b-starting-to-backfire?srnd=new-economy-forum

A few months ago, Xi Jinping seemed unstoppable. He’d just abolished presidential term limits and announced the most sweeping government overhaul in decades. Having hosted Donald Trump for a successful visit in November, Xi seemed to have prevented a trade war with the U.S. Party propagandists were distributing hagiographic accounts of the newly anointed leader for life.



Today, China’s president looks like he may have overreached. An economic slowdown, a tanking stock market, and an infant-vaccine scandal are all feeding domestic discontent, while abroad, in Western capitals and financial centers, there’s a growing wariness of Chinese ambitions. And then there is the escalating trade war with the U.S. China initially refused to believe it would happen, but in the past few weeks it’s become the prism through which Xi’s perceived failings are best projected.
 
Today, China’s president looks like he may have overreached. An economic slowdown, a tanking stock market, and an infant-vaccine scandal are all feeding domestic discontent, while abroad, in Western capitals and financial centers, there’s a growing wariness of Chinese ambitions. And then there is the escalating trade war with the U.S. China initially refused to believe it would happen, but in the past few weeks it’s become the prism through which Xi’s perceived failings are best projected.
This article is full of nonsense. Everything you described happened during the Hu Jintao/Wen Jiabao administration too ... and with much greater severity. Let me point out a few ...
  • Chinese economy slows down to 6% growth during the financial crisis and slows to 7.4% growth rate in October 2012 (compared to 6.8% now)
  • The Chinese stock market plunged over 70% in just one year (see 2007 Chinese equity bubble)
  • Tainted milk, pet food, tofu house, and drug scandals in the late 2000s
  • The same exact Westerners were also afraid of Chinese ambitions then
  • PR stunts for alleged "oppression" of Tibet and Xinjiang in addition to Western media hype over Falun Gong "organ harvesting"
And what happened? Did the Chinese Communist Party fall? Did the Chinese economy collapse? You can answer these questions yourself ...
 
If anything, Chairman Xi has been too soft on Trump. He should never have sent any officials to negotiate with Trump over the trade dispute. As soon as Trump reneged on the agreement, it make China look foolish.

Too many influential bureaucrats in the government are cowards at heart. The right move is to immediately confiscate all USA private and public property and place all USA citizens under arrest.
 
If anything, Chairman Xi has been too soft on Trump. He should never have sent any officials to negotiate with Trump over the trade dispute. As soon as Trump reneged on the agreement, it make China look foolish.

Too many influential bureaucrats in the government are cowards at heart. The right move is to immediately confiscate all USA private and public property and place all USA citizens under arrest.

chairman Xi has no guts. He's Chinese, gutless.
 
Back
Top Bottom