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China sets ambitious 5% growth target for 2024; military spending to rise by 7.2%

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By Jing Xuan TENG

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Last year's NPC saw President Xi Jinping anointed for a historic third term, cementing his rule as the most powerful Chinese leader since Mao Zedong.

Today's China oligarchs are trying to out capital-love the West.

https://edition.cnn.com/2018/11/13/asia/china-student-marxist-missing-intl/index.html

Ironically they can probably do it better than the West.

-2 ( +1 / -3 )

Sounds like they are shooting for an F.

4 ( +4 / -0 )

i dont know about local chinese people, but in my expat chat-group, many of my friends who bet their future in china, they are being laid off or forced to accept salary cut in their new contract. The last thing on earth you shall trust is chinese commies announcement

5 ( +7 / -2 )

Ridiculous. The Chinese economy has been in recession for at least 3 years and the paper house is on fire.

they are finished, thanks to the dictatorship of the megalomaniac Xi.

he managed to destroy a vibrant city like Hongkong in a couple of years as well. The entire far east has to give way for South East Asia. Japan , South Kore all on the decline. Taiwan for bow the exception and is taking over the. Japanese economy one company at the time. Now they come to save the chip industry from destruction.the Japanese government is paying them to do it. ( TSMC)

5 ( +7 / -2 )

The paper tiger playing with fire.

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robert maesMar. 5  05:41 pm JST

Ridiculous. The Chinese economy has been in recession for at least 3 years and the paper house is on fire.

they are finished, thanks to the dictatorship of the megalomaniac Xi.

And then something that we can't create or control comes up and spoils the plans. Like the Covid pandemic. Quit playing God, Xi. When Mother Nature throws us a curveball like this, you'd better take heed and listen. Just like the rest of us.

2 ( +2 / -0 )

fearful of putting too much strain on fragile state coffers.

The PRC prints their own money. If they would allow it to be more easily converted into other currencies, they would have more options. But it seems like they don’t want more options. They want something else instead.

2 ( +2 / -0 )

cementing his rule as the most powerful Chinese leader since Mao Zedong

Cementing his rule over billions stuck under his control for possibly many years to come, giving Xi still more time to destroy the lives of more people than Mao. Mao had progtrams to further restrict the rights of Chinese citizens, plus had China involved militarily in wars in Korea, Vietnam and Cambodia. Will Xi and the CCP with a larger defense budget get involved more in wars to expand China's vast territory, or help his partner Putin with his expansionist aims, or will Putin and Xi be rivals for territories they both are currently involved with, see areas involved in China's Belt and Road and Putin's Eurasian Economic Union, and might want to claim as their own. Are China and Russia acting together to further cement their global power, aided by Iran, North Korea and extreme right politicians and their ovine hordes around the globe?

2 ( +2 / -0 )

Corrected.

They can project anything they want. And can spit-and-polish their prideful business acumen until the cows come home to roost in the trees. But at the end of the day? Their business ethics are indescribably low and of short duration. Corruption is all too commonplace. Their total disregard for intellectual property rights of others is common knowledge by anyone over the age of 21. And international business really does know all-too-well the severe risks of doing business with the Party. Risks that really cannot be mitigated, no matter how much the Party promises otherwise.

1 ( +1 / -0 )

Everybody stand up and clappy clappy clappy the Great Party Leader. That's right now. He knows everything. He has it all figured out doesn't he? Cheer him on! Cheers to the Party. L'État, c'est moi.

I think I'm gonna barf!!!!

Hey Xi. We're not impressed. I could tell what you can do with your '5 Year Plan' but I'd be using language that the moderator here wouldn't like or print. But we know, and we can see through this farce.

1 ( +1 / -0 )

China will likely trigger an initial improvement to their economy through their return to communism, with their current plan for the government to buy empty housing, turning it into rental units. This buying and action will stimulate the economy in the short term.

But the long-term implications are not good for the people of China. A significant portion of Chinese wealth comes from personal home ownership - something like 80% of families own their homes. With this switch to rental, many less people will own their homes, and this will undercut the economy moving forward. It will be much less capitalist, and much more communist.

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StrangerlandToday  12:20 am JST

China will likely trigger an initial improvement to their economy through their return to communism, with their current plan for the government to buy empty housing, turning it into rental units. This buying and action will stimulate the economy in the short term.

'Return to communism'? What we know as 'communism' is not what Marx envisioned for the entire planet Earth. He said, 'The state will wither away'. It hasn't yet. Mao was a mass murderer, a shyster and a lying fraud. 'Communism' then and now is a big totalitarian sham. The 'original' Soviet form collapsed in Europe. Mao's form is still alive and stinking. If Marx were to visit China today he wouldn't recognize it.

Xi is just popping off his chops and blowing his big bazoo again. It's just hot air. He's a Nothing Man. A Zero.

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