Why do you say that?It's not a good idea to be a Chinese billionaire currently, lol, but I don't believe that they will nationalize currently private parts of industry. Some specific sectors may suffer, but full return to central planning is still unlikely.
You are surely not incapable of recognizing different factions in the Party and you surely understand that post-1976 CCP reformed into fascist corporatism, instead of using orthodox marxist central planning methods. Even under Xi it's still the case. Do not underestimate Chinese economics by believing it to be as moronic as in the USSR.
Now, it's not as efficient as free markets can be, but still. Performance of India under remnants of the Nehruvian socialism and License Raj is no better. Nor is the current Western world as capitalist as it was once the case.
Only if you're one of the billionaire's too stupid to get out of China.It's not a good idea to be a Chinese billionaire currently, lol, but I don't believe that they will nationalize currently private parts of industry. Some specific sectors may suffer, but full return to central planning is still unlikely.
Ah yes, the good ol' fallback argument of any modern commie:you surely understand that post-1976 CCP reformed into fascist corporatism, instead of using orthodox marxist central planning methods.
Difference here is, we’re arguing that it Isn’t Real Communism because it’s working.Ah yes, the good ol' fallback argument of any modern commie:
"It was not REAL communism!!1!"
Ah yes, the good ol' fallback argument of any modern commie:
"It was not REAL communism!!1!"
Why do you say that?
They seem to be pulling everything under the state flag?
You do realize that the CCP inserts a party official into every company, who's job it is to make sure that said company doesn't do anything they don't like, right? They may not directly own them, but they do control them to a far greater extent than any other "capitalist" nation.As is usually the case, it depends on how words are defined. If "communism" is understood as "country ruled by party with communist in name", then both China 1965 and China 2021 are "communist", indeed.
If we understand "communist" as "a country with all significant means of production state-owned or collectively owned" then China 1955 was communist, while China 2021 is not communist, no.
"Free trade" zone, right; and if you believe that, I've got a bridge I can sell you.Meanwhile Hainan is still becoming one of the worlds biggest free trade zones. "everything" certainly sounds like a too strong word.
You do realize that the CCP inserts a party official into every company, who's job it is to make sure that said company doesn't do anything they don't like, right?
In other words, they're Fascist.You do realize that the CCP inserts a party official into every company, who's job it is to make sure that said company doesn't do anything they don't like, right? They may not directly own them, but they do control them to a far greater extent than any other "capitalist" nation.
In other words, they're Fascist.
So still Socialist.It's closer to 1935-Italy than 1935-USSR, yes!
Al Jazeera said:The ban, described by the London-based Times newspaper as an “unprecedented intervention”, prompted a furious response from China.
“The despicable and cowardly action of certain individuals of the UK Parliament to obstruct normal exchanges and cooperation between China and the UK for personal political gains is against the wishes and harmful to the interests of the peoples of both countries,” a statement from the embassy said.
China imposed sanctions on nine British politicians, lawyers and an academic in March for spreading what it said were “lies and disinformation” over the treatment of the mostly Muslim Uighurs.
Evergrande's total debt is at US$ 305 billion. They're trying desperately to get the Chinese government to accept their debt reestructuring proposal, but this will only kick the can forward.Protests Spread As China's Real Estate Giant Evergrande Mired in Debt
The company has taken prepayments from thousands of ordinary families for properties not yet built.www.rfa.org
It must be the black swan coming home to roost after appearing on Tiananmen.Evergrande's total debt is at US$ 305 billion. They're trying desperately to get the Chinese government to accept their debt reestructuring proposal, but this will only kick the can forward.
I blame Corona chan.It begins I honestly thought they could put it off one more year