econintersect .com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 01 May 2019

What is really going on in China?

Written by Frank Li

I was in China April 20-28, throughout which I experienced and carefully observed China first hand. Here is a summary: China is doing very well, as usual, and the trade war between the U.S. and China has zero effect on average Chinese citizens, so far. Specifically, let me highlight three big events that happened while I was there:

  1. China's Communist Party introduces another loyalty test, but now cadres are asked to show some initiative too.
  2. China parades new warship as navy celebrates 70th anniversary.
  3. China's BRF Meet Ends, Affirms Respect for Sovereignty and Territorial Integrity.


Please share this article - Go to very top of page, right hand side, for social media buttons.


Next, let me elaborate on each ...

1. Another loyalty test

Below is an excerpt from China's Communist Party introduces another loyalty test, but now cadres are asked to show some initiative too.

  1. Regulations governing who gets promotion will also require candidates to be given a clean bill of health by the anti-corruption watchdog.
  2. Rules show customary hallmarks of Xi Jinping's efforts to stamp his imprint on party, but one observer warns they could harm morale.

The image below shows the original document appeared in a Chinese newspaper.

Overall, this whole thing shows how hard governance is and how hard the CPC (Communist Party of China) is trying. Will it succeed? Time will tell! For more, read: Governance in China: Past, Present, and Future.

2. Navy parade

Below is an excerpt from China parades new warship as navy celebrates 70th anniversary.

China is modernizing its navy to project more of its military power around the world. Chinese President Xi Jinping said his country will "unswervingly follow the path of peaceful development."

Eighteen warships from India, Japan, Vietnam, Australia and nine other countries also took part in the parade.

The United States sent a low-level delegation to Qingdao but did not send any ships to take part in the parade.

The image below shows China's first aircraft carrier.

3. Bell and Road Forum

This was by far the biggest event of the three. Below is an excerpt from China's BRF Meet Ends, Affirms Respect for Sovereignty and Territorial Integrity.

The forum in which 37 heads of the state and governments took part concluded with an announcement by Chinese President Xi Jinping that cooperation agreements worth USD 64 billion were signed at a CEO conference during the Belt and Road Forum (BRF) meeting.

The image below shows the heads of states attended the meeting.

4. Discussion

Overall, China is moving in the right direction and doing very well, despite all sorts of challenges, from governance at home to the trade war with the US.

Why has China been doing so well over the past four decades?

The government over there works!

In contrast, our government does not work (anymore)! For example, we are even losing the trade wars against the world (Trump's Plan to Reduce Trade Deficit Falters as it Hits an All-Time High Instead)!

Reform our failing political system, as I have suggested (American Democracy - Why is it failing & how to fix it?), or become a fiddle, second to China!

5. Closing

To know more about China, read: Five Videos about China and enjoy the five long videos.

.

Page Code: Count:

Page Code:292Count:1

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Facebook Comment

Econintersect Contributors




advertisement - our newsletter sponsor

Biggest transfer of Wealth in US history has begun

A Maryland multimillionaire says the biggest legal transfer of wealth in American history has just gotten underway - here is the No. 1 step you must take

More details here...

[Click here to subscribe to our newsletter]








search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government























 navigate econintersect .com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2020 Econintersect LLC - all rights reserved