Skip to main content

Foreign Affairs: China’s Economic Reckoning The Price of Failed Reforms

Foreign Affairs reported:

Many observers look at China and see its leadership playing a masterful game. They see China refusing to bend its policies to fit global norms and successfully going its own way. The reality is that Beijing has tried to bend repeatedly under President Xi Jinping but has almost broken each time and has had to fall back on its old ways—which are not succeeding. The quantity and the quality of China’s growth (looking past the anomalies of the pandemic period) have both deteriorated. And unless the leadership of the Chinese Communist Party finds its way back to the path of economic liberalization, China’s future will look very different from the rosy picture the CCP paints. 

The urgency of reform is a happy result of China’s rise to middle-income status from the extreme poverty it experienced just a few decades ago. It is nothing to be ashamed of. But the applause that China has earned for its economic successes will subside if Xi fails to tolerate policy debate and accept more constrained political ambitions that admit the limits of the CCP’s capabilities. 

An honest assessment of recent setbacks suggests that time is running out. [https://www.foreignaffairs.com/articles/china/2021-06-22/chinas-economic-reckoning]



Comments

Popular posts from this blog

Vox Cantoris vs. Aqua

The Catholic Monitor commenter Aqua had this to say to the Vox Cantoris website: Aqua said… Fred, your topic here reminds me of a dust-up, a few days ago, on Vox Cantoris. He asserted that it is our duty as Christians to wear masks to the Holy Sacrifice of the Mass if the government tells us we must, or they will close our Churches. My response to him was that I find it inconceivable that an orthodox Catholic, such as himself, would ever submit to unjust dictates from secular government over how we approach Our Lord in Holy Mass. My response to him was that the Mass belongs to Catholics and we decide, within the bounds of Tradition, and in accord with the Word of Jesus, how we conduct ourselves in Holy Mass. Only one authority prevails over Mass and that is our God and the Sacred Tradition given by Him to guide us in all times and places. Understand, there is nothing inherently wrong with wearing a mask to Mass. But there is EVERYTHING wrong with wearing a symbol

Inventor of mRNA Vaccines, Robert W. Malone MD: "'Archbishop Carlo Maria Viganò is calling for the creation of an Anti-Globalist Alliance 'under the Cross of Our Lord Jesus Christ, the only King and Savior,' to fight back against the establishment of the New World Order'"

T his is what the inventor of mRNA vaccines, Robert W. Malone MD himself, reported about the vaccines: Robert W Malone, MD @RWMaloneMD "We conclude that the mRNA vacs dramatically increase inflammation on the endothelium and T cell infiltration of cardiac muscle and may account for the observations of increased thrombosis, cardiomyopathy, and other vascular events following vaccination." [https://mobile.twitter.com/RWMaloneMD/status/1462194727407730693]   Moreover, he goes even further and is quoting Archbishop Carlo Maria Viganò's call for the creation of an Anti-Globalist Alliance:   Robert W Malone, MD @RWMaloneMD "Archbishop Carlo Maria Viganò is calling for the creation of an Anti-Globalist Alliance “under the Cross of Our Lord Jesus Christ, the only King and Savior,” to fight back against the establishment of the New World Order." youtube.com Abp. Viganò calls for Anti-Globalist Alliance to stop global enslav... Archbishop Carlo Maria Viganò is calli

The Vatican Biden Poopgate Controversy : "Someone said “Pope” ... Joe Biden thought they said “Poop.” The Rest is History"

Controversy: Are Poopgate investigators asking the important questions on Joe Biden's visit to Francis's Vatican?  Catturd ™ @catturd2 Someone said “Pope” ... Joe Biden thought they said “Poop.” The rest is history. [https://twitter.com/catturd2/status/1454621400816312324]