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Home / Mike Norman Economics / Zhou Xin, Nectar Gan and Catherine Wong — Xi Jinping: China to stick to Communist rule and its own path to cope with ‘unimaginable’ perils

Zhou Xin, Nectar Gan and Catherine Wong — Xi Jinping: China to stick to Communist rule and its own path to cope with ‘unimaginable’ perils

Summary:
Warning to the US and UK (Anglo-American Empire) and their European vassals in NATO that there will not be regime change in China resulting from ongoing liberalization? China is committed to going its own way, which is unique to its history and conditions, so get used to it. “The practices of reform and opening up in the past 40 years have shown us that the Chinese Communist Party leadership is the fundamental character of socialism with Chinese characteristics … east, west, south, north, and the middle, the party leads everything,” he said.... Xi stressed that China would stick to its own chosen path, namely socialism with Chinese characteristics. “To push forward reform and opening up in a country with 5,000 years of civilisation and a population of 1.3 billion, there are no

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Warning to the US and UK (Anglo-American Empire) and their European vassals in NATO that there will not be regime change in China resulting from ongoing liberalization? China is committed to going its own way, which is unique to its history and conditions, so get used to it.
“The practices of reform and opening up in the past 40 years have shown us that the Chinese Communist Party leadership is the fundamental character of socialism with Chinese characteristics … east, west, south, north, and the middle, the party leads everything,” he said....
Xi stressed that China would stick to its own chosen path, namely socialism with Chinese characteristics.
“To push forward reform and opening up in a country with 5,000 years of civilisation and a population of 1.3 billion, there are no textbooks containing golden rules or teachers who can be arrogant to the Chinese people,” he said....
South China Morning Post (Singapore)
Xi Jinping: China to stick to Communist rule and its own path to cope with ‘unimaginable’ perils
Zhou Xin, Nectar Gan and Catherine Wong

See also

Chinese President Xi Jinping called on Tuesday for the unswerving implementation of reforms on Beijing’s terms, saying no one could boss it around, but offered no new measures in a speech marking 40 years of market liberalization.…
Xi’s emphasis on the need for “top-level design” suggested he is not willing to significantly reduce the state’s role in the economy, Beijing-based political commentator Zhang Lifan said, noting that the trade war had already hurt the economy.

“He is talking about the need for a strong government, big and powerful state-owned enterprises and large-scale investment. It seems his thinking on this has not changed,” Zhang said....
Reuters
China's Xi pledges 'unswerving' reforms, but on own terms
Kevin Yao
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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