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War prep is why Xi Jinping is afraid to unleash China's consumers

7 points by jseliger 2y ago

deleted 2y ago
[deleted]
Terr_ 2y ago
> Under Xi, security has also increasingly taken precedence over growth. [...] The display is an example of how no expense has been spared to impress visitors to what Xi has called China’s “1,000-year project”. So, uh... Offhand I can think of only one other government that has trumpeted the start of a "1000-year" regime of security, and that German one isn't remembered very positively today. That said, I'm given to understand that qiān (千) is sometimes used as a general "numerous" or "many", as opposed to always being a mathematically exact number.
skhunted 2y ago
Had Xi continued the One China, Two Systems policy of Deng and not overtly suppressed Hong Kong there would have been a good chance of a peaceful reunification with Taiwan. After the CCP’s crackdown of Hong Kong and their treatment of Uyghurs I don’t think Taiwan will ever willingly unify with China. Xi has been antagonistic toward the Philippines, India, Taiwan, Vietnam, South Korea, Japan, and others. Doesn’t seem like a long term sustainable policy.
- infotainment 2y ago
  It’s utterly astounding how stupid the Hong Kong maneuver was; from a strategic standpoint it sacrificed so much for almost no gain. But, I guess it’s just a classic example of power corrupting.
hindsightbias 2y ago
They need a second Cultural Revolution to figure things out.
throwaway4good 2y ago
The title of this post: "War prep is why Xi Jinping is afraid to unleash China's consumers" Is different from the article it links to: "Why Xi Jinping is afraid to unleash China’s consumers" It is also fairly unjustified given the content of the article. China doesn't do broad stimulus spending as it would re-ignite the old property bubble. Instead it does targeted industrial policies so that its industries can climb up the value chain. Given the size of its economy, its military spending is modest.

7 points by jseliger 2y ago

deleted 2y ago

[deleted]

> Under Xi, security has also increasingly taken precedence over growth. [...] The display is an example of how no expense has been spared to impress visitors to what Xi has called China’s “1,000-year project”. So, uh... Offhand I can think of only one other government that has trumpeted the start of a "1000-year" regime of security, and that German one isn't remembered very positively today. That said, I'm given to understand that qiān (千) is sometimes used as a general "numerous" or "many", as opposed to always being a mathematically exact number.

skhunted 2y ago

Had Xi continued the One China, Two Systems policy of Deng and not overtly suppressed Hong Kong there would have been a good chance of a peaceful reunification with Taiwan. After the CCP’s crackdown of Hong Kong and their treatment of Uyghurs I don’t think Taiwan will ever willingly unify with China. Xi has been antagonistic toward the Philippines, India, Taiwan, Vietnam, South Korea, Japan, and others. Doesn’t seem like a long term sustainable policy.

infotainment 2y ago
It’s utterly astounding how stupid the Hong Kong maneuver was; from a strategic standpoint it sacrificed so much for almost no gain. But, I guess it’s just a classic example of power corrupting.

hindsightbias 2y ago

They need a second Cultural Revolution to figure things out.

throwaway4good 2y ago

The title of this post: "War prep is why Xi Jinping is afraid to unleash China's consumers" Is different from the article it links to: "Why Xi Jinping is afraid to unleash China’s consumers" It is also fairly unjustified given the content of the article. China doesn't do broad stimulus spending as it would re-ignite the old property bubble. Instead it does targeted industrial policies so that its industries can climb up the value chain. Given the size of its economy, its military spending is modest.