{"id":54098,"date":"2023-01-25T02:00:51","date_gmt":"2023-01-25T07:00:51","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/chinas-xi-wants-to-use-capitalism-to-save-communism-biden-west-must-not-take-the-bait-54098"},"modified":"2023-01-25T02:00:51","modified_gmt":"2023-01-25T07:00:51","slug":"chinas-xi-wants-to-use-capitalism-to-save-communism-biden-west-must-not-take-the-bait","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/chinas-xi-wants-to-use-capitalism-to-save-communism-biden-west-must-not-take-the-bait-54098","title":{"rendered":"China’s Xi wants to use capitalism to save communism. Biden, West must not take the bait"},"content":{"rendered":"
\n

Last week, China’s dictator Xi Jinping sent Vice Premier Liu He to launch a\u00a0charm offensive\u00a0at the annual World Economic Forum (WEF)<\/a> in Davos, Switzerland, seeking foreign investments to reboot China’s economy and rescue his shaking regime. Should the West take the bait?<\/p>\n

When Xi\u00a0addressed\u00a0the WEF last year, he sounded triumphant. The Chinese Communist Party celebrated its 100th anniversary the year before. Xi declared, “Through a century of tenacious struggle, the CPC has rallied and led the Chinese people in accomplishing remarkable achievements in the nation’s advancement and betterment of people’s lives…Now, China is marching on a new journey of building a modern socialist country in all respects.”\u00a0<\/p>\n

When speaking to the domestic audience, Xi was even blunter<\/a>, proclaiming that China’s rise and the West’s decline was inevitable historical trend. China could become the next superpower through\u00a0self-reliance\u00a0without foreign capital, technologies, and good relations. Yet now, China faces severe challenges that it won’t be able to address on its own.<\/p>\n

CHINA OFFERS OLIVE BRANCH TO THE WEST AT WORLD ECONOMIC FORUM, BUT SOME STILL SKEPTICAL<\/strong><\/a><\/p>\n

While Vice Premier Liu He tried to drum up foreign investments at Davos last week, China\u00a0reported\u00a0that its economy grew only 3% last year.\u00a0<\/p>\n

According to\u00a0the Wall Street Journal, “Aside from 2020, when the economy grew only 2.2%, last year marked the worst year for gross domestic product growth in China since 1976, the year that Mao Zedong’s death ended the decade of strife known as the Cultural Revolution.” Xi bears the most blame for the significant slow down in China’s economic growth<\/a>.\u00a0<\/p>\n

Xi’s\u00a0crackdown\u00a0on tech companies and the “disappearances” of well-known Chinese tycoons damped entrepreneur spirits, caused investors to suffer billions of dollars in loss and eroded their confidence in investing in China. Foreign companies found it’s increasingly challenging to operate in Xi’s China, giving the Chinese government’s demand for forced technology transfer and unrestricted access to personal data. Both Microsoft’s\u00a0LinkedIn and\u00a0Yahoo shutdown their operations in China in 2021.\u00a0<\/p>\n

Last year, Xi’s\u00a0meddling with China’s property market\u00a0led to the collapse of China’s largest property company, millions of housing projects left unfinished, and housing prices and demand for housing fell at an alarming speed.\u00a0<\/p>\n

Xi’s “zero Covid” policy has done\u00a0the most damage\u00a0to China’s economy <\/a>and people’s well-being. It had kept businesses and millions of people under cruel lockdowns for the three years and eventually ignited anti-government protests last fall.\u00a0<\/p>\n

Xi’s abrupt abandonment of the “zero covid” policy without adequate preparation has led to\u00a0rising death tolls, and the surge of COVID cases nearly paralyzed China’s public health system.\u00a0<\/p>\n

The chaos and instability of China’s “reopening” compelled foreign companies such as\u00a0Apple\u00a0to accelerate its plan to shift production outside of China.\u00a0<\/p>\n

COVID OUTBREAK IN CHINA INFECTS 80% OF POPULATION<\/strong><\/a><\/p>\n

As if China needs more bad news, the nation\u2019s long-anticipated demographic crisis has arrived sooner than anyone had anticipated, as Beijing\u00a0disclosed<\/a>\u00a0that the Chinese population declined by 850,000 in 2022.\u00a0<\/p>\n

The last time China\u2019s population shrank was during the Great Chinese Famine (1958-1962), resulting from Chairman Mao\u2019s catastrophic Great Leap Forward movement. China\u2019s demographic problem today is the dark legacy of the Communist Party\u2019s infamous one-child policy, which limited Chinese couples to a single child between 1979 and 2015. The policy had driven down the birth rate in China and resulted in gender imbalance in the Chinese population\u2014men outnumber women by 32 million.\u00a0<\/p>\n

The\u00a0worst-case scenario\u00a0prediction is that China\u2019s population may shrink by half by 2100. Compounding the nation\u2019s demographic problem is its aging population. Some predicates that about a third of China\u2019s population will be 60 or older by 2035.\u00a0<\/p>\n

Although Xi is not responsible for China’s one-child policy, he bears the blame for being unwilling to admit the party’s mistake and eliminate such an inhumane policy outright. Instead, he tried to fix China’s demographic problem by making incremental changes. Beijing began to allow Chinese couples to have two children in 2016 and up to\u00a0three children<\/a>\u00a0in 2021. These policies have failed to create the baby boom Beijing had hoped for. The national fertility rate reached a record low last year, with only 6.77 births per 1,000 people.<\/p>\n

WHITE HOUSE HOPEFUL WAR WITH CHINA OVER TAIWAN ‘NEVER COMES TO PASS’: REPORT<\/strong><\/a><\/p>\n

China’s demographic crisis has enormous implications for its economy and the nation’s future. The nation’s breakneck economic growth between the 1980s and early 2000s was closely tied to a population dividend–a large pool of young and affordable workers.\u00a0<\/p>\n

Now, a shrinking workforce and an aging population mean that China will no longer be the economic growth engine it used to be. The government will be forced to allocate more national resources to elder care and social services, which means there will be fewer resources to fulfill Xi’s geopolitical ambitions.\u00a0<\/p>\n

Aware of China\u2019s short-term and long-term economic challenges, Xi has turned to the West for help. He softened his nationalist posture and reversed some policies in recent weeks to appeal to the West.\u00a0<\/p>\n

He\u00a0demoted\u00a0one of his most famous “wolf diplomats,” Zhao Lijian, from the foreign ministry spokesperson position to the deputy head of the Department of Boundary and Ocean Affairs. Zhao was combative and antagonistic, adept at using Twitter<\/a> to spread Beijing\u2019s misinformation, often at the expense of damaging diplomatic relationships. For example, Australia\u00a0demanded an apology\u00a0from Beijing after Zhao tweeted a “falsified image” of an Australian soldier threatening a child.\u00a0<\/p>\n

F-15EX STICKS IT TO CHINA AND MEANS XI’S MILITARISM NOW BEING MATCHED WITH NEW US WEAPONRY<\/strong><\/a><\/p>\n

Xi\u2019s other olive branch to the West was sending Liu He to Davos to reassure global investors. Only a few months ago, at the Communist Party\u2019s 20th party congress, while Xi secured his third term as China\u2019s leader, Liu stepped down from the CCP\u2019s Politburo, the nation\u2019s highest decision-making body.\u00a0<\/p>\n

Since many westerners regard Liu as a reformer and more pro-private businesses than Xi, Liu’s “retirement” was seen by many as Xi prioritizing politics over economic growth. By sending Liu to Davos, Xi signaled that he would prioritize economic growth<\/a> and foreign investments are welcome.\u00a0<\/p>\n

CLICK HERE TO GET THE OPINION NEWSLETTER<\/strong><\/a><\/p>\n

But Western governments and businesses shouldn\u2019t be fooled by Xi\u2019s temporary policy retreat. Minxin Pei, a leading expert on the CCP, once\u00a0wrote\u00a0that the CCP has a long history of being patient, flexible, and cunning when weak. Yet when “the balance of power has shifted in its favor,” the CCP “has consistently been willing to break its earlier commitments when doing so serves its interests.”\u00a0<\/p>\n

Xi is no different. Recently, he\u00a0promoted\u00a0a hardliner sanctioned by the U.S. for enforcing a national security crackdown in Hong Kong as the head of China\u2019s liaison office. On the same day when Liu He was assuring global investors that China reopened for business, Hong Kong authorities\u00a0arrested\u00a0six people for selling books related to the city\u2019s 2019 pro-democracy protests. Under Xi, China still stands firm with Russia despite international condemnation of Russia\u2019s invasion of Ukraine<\/a>. Revenues from exporting energy and agriculture products to China are what has sustained Russia.\u00a0<\/p>\n

Xi also reiterated that he would not give up “reuniting” with Taiwan through force at the 20th party congress last fall. Clearly, Xi wants only Western capital and technology to rescue China\u2019s economy<\/a> and thus strengthen his regime.\u00a0<\/p>\n

He remains deeply hostile to Western democracies and liberal values. Western governments and businesses should remember the true nature of Xi and the CCP regime and not take Xi\u2019s bait this time.\u00a0<\/p>\n

CLICK HERE TO READ MORE FROM HELEN RALEIGH<\/strong><\/a><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/opinion\/chinas-xi-use-capitalism-save-communism-biden-west-take-bait <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, China’s dictator Xi Jinping sent Vice Premier Liu He to launch a\u00a0charm offensive\u00a0at the annual World Economic Forum (WEF) in Davos, Switzerland, seeking […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-54098","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nChina's Xi wants to use capitalism to save communism. 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