The Chinese capitalist romance

The Chinese capitalist romance

In his new year’s speech, President Xi Jinping told the Chinese people that their nation was in the process of implementing something unprecedented. There would be challenges, he warned, but if China remained united the ultimate goal of creating ‘socialism with Chinese characteristics’ could be achieved.

It’s easy to dismiss this kind of rhetoric. After all, China’s economic reforms seem to be moving away from socialism towards capitalism at a rate never before seen. However, it’s important to understand what the country’s leaders mean when they talk about ‘socialism with Chinese characteristics’. Moreover, it helps understand the Communist Party’s response to the recent stock market crash.

East Turkestan’s Uyghurs: The Wrong Minority, With The Wrong Faith, In The Wrong Place, At The Wrong Time

East Turkestan’s Uyghurs: The Wrong Minority, With The Wrong Faith, In The Wrong Place, At The Wrong Time

China’s rate of economic growth is unlike anything the world has ever seen and, with the United States in decline, there will likely come a time in the not too distant future when China is – as America’s been since the Second World War – the world’s singularly dominant power. Thus, a question that inevitably looms large is: Will China become an expansionist and neo-colonial power and what form may this take?