Sunday, May 14, 2017

To get rich is glorious

Thus spake Deng Xiaoping almost forty years ago, as he opened up the struggling Communist China to the world.


China has transformed in a hurry since then.  And with a clueless pussygrabber as the American president who is increasingly bogged down with various political issues, the Chinese president, Xi Jinping, is playing an awesome global game making his, and China's, presence known all over the world.
To celebrate China’s new global influence, Mr. Xi is gathering dozens of state leaders, including President Vladimir V. Putin of Russia, in Beijing on Sunday.
It is global commerce on China’s terms.
Mr. Xi is aiming to use China’s wealth and industrial know-how to create a new kind of globalization that will dispense with the rules of the aging Western-dominated institutions. The goal is to refashion the global economic order, drawing countries and companies more tightly into China’s orbit.
Today is that Sunday, as I blog.  While all that is happening, most of my fellow citizens don't even know the name of China's president, but I digress!  Two other strongman-leaders were in attendance:
Presidents Vladimir Putin of Russia and Recep Tayyip Erdogan of Turkey also spoke at the opening ceremony.
The pussygrabber adores those three because he realizes that the American president cannot ever get the kinds of power those strongmen have, but I digress.

Unlike the pussygrabber, Xi knows well the old stories, like this one:


Xi wants to continue to remind the world about China.  His ambitious project is about those old glories, which will take on a 21st century twist.  But, the Economist noted that Xi's modern day Silk Road plan is "running into three linked problems."
First, it is unclear what its priorities are, or who is running it. ...
A second problem is finding enough profitable projects to match the vaulting ambition of the scheme, which aims to create a Eurasian trading bloc rivalling the American-dominated transatlantic area. ...
Third, locals in some countries are angry about what they view as China’s heavy-handedness.
All these are wonderful fodder for me.  In one course that I am teaching this term, this upcoming week is all about the China model for economic development.  In another, I will have students think about some of the issues related to China--from the treatment of Uighurs to the territorial disputes in South China Sea.

If only people would listen to me and recognize the urgency to understand and respect China, instead of voting to power the pussygrabber who talks about "gina"!


Ramesh said...

Yes indeed - China will rightfully take its place on the world stage and the US and the rest of the world must learn to deal with it.

The One Belt One Road is more politics rather then economics. The three problems that The Economist mentions are valid. The old Silk Road is no longer the economic centrepiece of the world. You cannot create an economic power excluding the US, Japan and India. More dangerous to US interests is China simply taking over the TP and excluding the US.

The revamp of the Politburo and the Standing Committee is due in autumn or later this year. This bears as much, if not more, watching than the US, French or German elections. This is a crucial event. Its every bit as unpredictable as elections, except that its all done behind close doors and with high politics and intrigue. I wish this would be covered more extensively in the press; its importance cannot be overstated.

Sriram Khé said...

"The revamp of the Politburo and the Standing Committee is due in autumn or later this year. ... I wish this would be covered more extensively in the press; its importance cannot be overstated."

With trump sucking up all the oxygen? No way will anything Chinese be covered even superficially leave alone extensively.

The only thing that might work against China--its demographics. Given that women are having kids at less than replacement-level fertility rates, and given that China doesn't do immigration, it might become the Japan story eventually ...

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