One hundred years of communism in China – an incredible success story: The heirs of Mao Zedong have forged a new "empire" out of the crumbling empire of the yellow emperors with incredible rigor and single-mindedness. After the disastrous social experiments of the "Great Helmsman" Mao, the cunning Deng Xiaoping laid the foundation for the success story of the People’s Republic of China with his pragmatic economic reforms. Now one of his successors, Xi Jinping, is setting out to turn the economic power into the new superpower of the 21st century. With gigantic investments in the military and the "New Silk Road" infrastructure project, the communists are trying to achieve new global standing.
At the 20th party congress, party and state leader Xi Jinping wants to cement his power once and for all. After years of wild economic growth and the growing influence of China’s super-rich, Xi has been tightening the reins again for some time. Chinese billionaires are disappearing from the scene, state-owned corporations are regaining influence, and separatists and unruly minorities are being mercilessly persecuted. Contrary to its own "Five Principles of Peaceful Coexistence," the People’s Republic of China is pursuing an aggressive nationalist foreign policy. International treaties and law are swept aside, and the last democratic structures in Hong Kong are smashed. In the South China Sea, reefs and islands that belong to other states according to the law of the sea are occupied and developed into military bases. The island state of Taiwan, officially still the "Republic of China," is threatened with invasion.
But the "Xi Jinping system" also shows weaknesses, the economy suffers from the government’s strict zero covid course and about 20 percent of young adults are unemployed. A financial and real estate crisis is looming ominously, and the 1.4 billion-strong population is aging rapidly. Social tensions could endanger Xi Jinping’s power.
#china #maozedong #xijinping
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