Xi Jinpeng

Is China a House of Cards?

Xi Jinpenggc2smFrom the keyboard of Pepe Escobar
Follow us on Twitter @doomstead666
Friend us on Facebook

 

 

Xi Jinpeng

Originally published in Sputnik on May 17, 2016

 


Let’s start by examining what the Dragon himself – President Xi Jinping – has to say about China being largely derided in influential Beltway circles as a House of Cards.

Xi has forcefully dismissed the notion that a House of Cards power struggle has been raging at the rarified heights of the Chinese Communist Party (CCP). Yet at the same time he’s adamant; “conspirators”, “careerists”, “cabals” and “cliques” are attempting to undermine the CCP from within.

Thus, with ironic/poetic justice, a 42-part series on corruption in China – titled In the Name of the People and financed by the Middle Kingdom’s top law enforcement agency – is bound to go live before the end of 2016, featuring a CCP stalwart as the bad guy (that’s a first). Call him the Chinese Frank Underwood.

This means that what Xi is saying – and acting — live will be mirrored on hundreds of millions of Chinese screens, pitting conflicting factions within the 88 million-member CCP. Xi’s war on corruption has produced a rash of severely disgruntled CCP officials – to put it mildly.

Xi not only is the Commander-in-Chief in the fight against corruption; he’s now Commander-in-Chief of China’s joint battle command center as well. He monitors a [Central Military Commission] Chairman Responsibility System as well as the central guard corps, which monitors the security of all other CCP heavyweights.

Add to these Xi’s status as CCP’s general secretary, chairman of the Central Military Commission, president of the national security commission and head of the top group for reform of the Chinese system, and a Harvard academic who refers to him as “the chairman of everything” does not seem to be that far off the mark. 

Yet even this awesome concentration of power does not mean that Xi is an unassailable deity. On the key drama – the state of the economy – it has emerged that in a recent interview by the People’s Daily with an anonymous “authoritative person”, printed on the front page and exposing deep economic divergence among the CCP leadership, the “authoritative person” in question was none other than Xi. 

He had to take to the key media read by anyone who’s anyone in China to press his point on how to fix China’s debt-ridden economy; low growth is OK, and the new normal; as for blind credit expansion/monetary easing, that’s not OK. Xi, once again, is adamant; it’s now or never to start a painful restructuring of the Chinese system.   

Beware the “nests of foreign spies”

Xi Jinping does wield astonishing power. There can’t be any other way. Imagine the man on top of a civilization-state of 5,000 years who needs, among myriad other crucial issues, to; tweak/manage an economic system that was successful for over 30 years but now needs to be upgraded; shift the system from export-led demand to domestic consumption; manage the aspirations – and broken dreams – of a vast working class including millions of newly unemployed; reorganize monster state-owned enterprises (SOEs); find ways to get rid of Himalayas of bad bank loans and “nonperforming” investments; downsize and at the same time vitally upgrade the Chinese military.

And if that was not enough, Beijing has to be fully alert 24/7 about all those non-stop Pentagon provocations – actual and rhetorical – centered in the South China Sea. 

Two Terminal High Altitude Area Defense (THAAD) interceptors are launched during a successful intercept test.

© FLICKR/ U.S. MISSILE DEFENSE AGENCY

You’ve got to be alert. Full time. All the time. And be alert at “foreign hostile forces” or, more plainly, “nests of foreign spies” who want you to be mired in chaos. Thus the new law on NGOs operating in China. There are too many — over 7,000. And the (hidden) agenda for quite a few – from NED to the Soros gang — is to try to promote pure, unadulterated color revolution, as difficult as that may be in ultra-regimented China.

Yet it worked in Brazil – a BRICS weak link. The CCP leadership has carefully – and silently – understood the Brazilian lesson, and is fully aware that Exceptionalistan would stop at nothing to slow down China’s already spectacular global reach. So if you’re a NGO operating in China, from now on you need to find an official Chinese sponsor and register with local police. 

Back to the Chinese economy, the mantra across multiple, powerful Beltway factions is that a crash is imminent. Once again; the House of Cards theme. 

China’s total debt is now a whopping 280% of GDP. That includes the 115% that apply to SOEs’ debts; in Japan, for instance, that SOE figure is only 31%. Yet what really matters is that only a maximum of 25% of Chinese SOEs’ debts will need to be restructured. 

Xi’s strategy is that the Goddess of the Market will turbo-charge those SOEs, not kill them. So forget about the CPP handing out control of the Chinese economy to companies that the CCP itself does not control. No wonder what’s left for US Big Capital’s spokespersons is to carp about a House of Cards.

All eyes on 2021

It’s never enough to remind everyone that absolutely everything that’s happening in China now is subordinated to Xi’s official target of achieving “a moderately prosperous society” (xiaokang shehui) by the 100th anniversary of the CCP’s founding, in 2021.

That’s a mere five years from now. More long term, 2049, is the target of achieving a “socialist modernized society” (shehuizhuyi xiandaihua shehui) with a $30,000 GDP per capita; that should tie in with the celebration of the 100th anniversary of the founding of the People’s Republic of China (PRC). 

Chinese People's Liberation Army cadets shout as they take part in a bayonet drills at the PLA's Armoured Forces Engineering Academy Base, on the outskirts of Beijing, China, July 22, 2014

Beijing’s army of planners estimate that this overwhelming target is achievable if the Middle Kingdom is able to produce over 30% of global GDP by 2049; for comparison, that’s about 1 and ½ times more than the proportion currently produced by the US (and considering that the US does not manufacture much apart from weapons and infotech.) 

As breathtaking as this vision may be, it’s always reduced by the same old catastrophist Western “experts” to variations of Xi being the new Mao Zedong. That’s so pedestrian. The men – and the historical contexts – are radically diverse. Mao decided on a few core issues by himself – and left the rest to his underlings. The Little Helmsman Deng Xiaoping was a man of consensus. Xi decides by himself on virtually everything – but he does pay attention to some selected advisers. Examples include the Ministry of Trade, which first came up with the concept that developed into the New Silk Roads, and Liu He, the advisor who conceptualized Xi’s current economic strategy. 

The fact that Xi is now designated as the “core” (hexin) of the Beijing leadership is not such a big (Maoist) deal. The word in Beijing is that an assembly line of editors is now compiling a book of Xi thought (sixiang) that would make him as crucial as Mao as a contributor to Sino-Marxist theory. So what? Xi is a man in a rush, on a roll and with a mission – and 2021 is just around the corner. House of Cards? No; this looks more like a case of Xi landing a Full House on the table.  


PepePepe Escobar is the author of Globalistan: How the Globalized World is Dissolving into Liquid War (Nimble Books, 2007), Red Zone Blues: a snapshot of Baghdad during the surge (Nimble Books, 2007), and Obama does Globalistan (Nimble Books, 2009).and "Empire of Chaos" (Nimble Books, 2014). His latest book is "2030", also by Nimble Books, out in December 2015. He currently lives between Paris and Bangkok. Follow him on Facebook: https://www.facebook.com/pepe.escobar.77377

Knarf plays the Doomer Blues

https://image.freepik.com/free-icon/musical-notes-symbols_318-29778.jpg

Support the Diner

Search the Diner

Surveys & Podcasts

NEW SURVEY

Renewable Energy

VISIT AND FOLLOW US ON DINER SOUNDCLOUD

" As a daily reader of all of the doomsday blogs, e.g. the Diner, Nature Bats Last, Zerohedge, Scribbler, etc… I must say that I most look forward to your “off the microphone” rants. Your analysis, insights, and conclusions are always logical, well supported, and clearly articulated – a trifecta not frequently achieved."- Joe D

Archives

Global Diners

View Full Diner Stats

Global Population Stats

Enter a Country Name for full Population & Demographic Statistics

Lake Mead Watch

http://si.wsj.net/public/resources/images/NA-BX686_LakeMe_G_20130816175615.jpg

loading

Inside the Diner

This should seal up the Minority and Wimmen votes.REhttps://www.cnbc.com/2020/08/11/joe-biden-vp-pick-sen-kamala-harris.htmlJoe Biden picks Sen. Kamala...

This sustainable technique can create nearly 40 gallons of clean drinking water per cycle.CLEAN DRINKING WATER is one of life's essentials. However, safe drinking water isn't a reality for over 2 billion people across the world. These individua...

MOSCOW (Reuters) - President Vladimir Putin said on Tuesday that Russia had become the first country to grant regulatory approval to a COVID-19 vaccine after less than two months of human testing, a move Moscow likened to its success in the Cold War-er...

"To me, honestly, it feels like putting a bunch of planes up and then not having air traffic control."Amazon was approved by the Federal Communications Commission to launch 3,326 satellites as part of its planned Kuiper constellation. That’s ro...

Big Pharma is the nickname given to the world’s pharmaceutical industry. It also includes the trade group, Pharmaceutical Research and Manufacturers of America (PhRMA). Big Pharma and medical device companies make billions of dollars every year. They’v...

Recent Facebook Posts

No recent Facebook posts to show

Diner Twitter feed

Knarf’s Knewz

This sustainable technique can create nearly 40 ga [...]

Big Pharma is the nickname given to the world’s ph [...]

Diner Newz Feeds

  • Surly
  • Agelbert
  • Knarf
  • Golden Oxen
  • Frostbite Falls

Doomstead Diner Daily July 17The Diner Daily is av [...]

Doomstead Diner Daily July 16The Diner Daily is av [...]

The point being to wear down the "precariat [...]

Quote from: UnhingedBecauseLucid on March 18, 2019 [...]

CleanTechnicaSupport CleanTechnica’s work via dona [...]

QuoteThe FACT that the current incredibly STUPID e [...]

This sustainable technique can create nearly 40 ga [...]

Big Pharma is the nickname given to the world’s ph [...]

Quote from: K-Dog on February 24, 2020, 06:23:52 P [...]

I wonder how much these coins have been debased? [...]

Precious tip of the day.....Buy silver NOW  She [...]

Scientists have unlocked the power of gold atoms b [...]

Quote from: azozeo on August 14, 2019, 10:41:33 AM [...]

I am OUT of Jury Service!  I got summoned to be a [...]

Quote from: Eddie on May 16, 2020, 10:30:30 AMQuot [...]

Quote from: RE on May 16, 2020, 08:20:06 AMQuote f [...]

Quote from: RE on May 16, 2020, 08:20:06 AMQuote f [...]

Alternate Perspectives

  • Two Ice Floes
  • Jumping Jack Flash
  • From Filmers to Farmers

The Flim-Flam Men by Cognitive Dissonance   I suspect if average Joe or Jane were asked to identify [...]

The Coming War With China Re-posted from CaitlinJohnstone.com   (Have you noticed that (suddenly) Ch [...]

Papers Please! By Cognitive Dissonance     For those who may not know, Mrs. Cog and I live in the mo [...]

Lies, Damn Lies and Coronavirus Statistics By Cognitive Dissonance     “Never believe anything in po [...]

The Decline and Fall of Civil Society Chapter One By Cognitive Dissonance     From my perspective at [...]

Event Update For 2020-08-09http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-08-08http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-08-07http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-08-06http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-08-05http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

In other words, treat COVID-19 like a dry-run for the upcoming "big one" [...]

However don't expect strikes and yellow vests to fix underlying problems [...]

So how many more times are we going to hear that this is our last chance to take action in order to [...]

This is definitely not a bona fide post [...]

Daily Doom Photo

man-watching-tv

Sustainability

  • Peak Surfer
  • SUN
  • Transition Voice

The Great Pause Week 21: Coronation Part II"How do you undo in a short time what has been inculcated into a culture over half a century? [...]

The Great Pause Week 20: Coronation Part I"With the number of Covid patients closing in on 20 million, epidemiologists hope the virus has [...]

"Your future is a story you were told, like Santa Claus or the Tooth Fairy."Thirty years a [...]

The Great Pause Week 18: Midwinter Down Under"Our objectives are low-tech, anti-fragile, and human-centered. By using tools of permaculture [...]

The Great Pause Week 17: Toppling Mount Rushmore"We are being schooled in the deficiencies of human neurobiology."President Cobblepot and [...]

The folks at Windward have been doing great work at living sustainably for many years now.  Part of [...]

 The Daily SUN☼ Building a Better Tomorrow by Sustaining Universal Needs April 3, 2017 Powering Down [...]

Off the keyboard of Bob Montgomery Follow us on Twitter @doomstead666 Friend us on Facebook Publishe [...]

Visit SUN on Facebook Here [...]

What extinction crisis? Believe it or not, there are still climate science deniers out there. And th [...]

My new book, Abolish Oil Now, will talk about why the climate movement has failed and what we can do [...]

A new climate protest movement out of the UK has taken Europe by storm and made governments sit down [...]

The success of Apollo 11 flipped the American public from skeptics to fans. The climate movement nee [...]

Today's movement to abolish fossil fuels can learn from two different paths that the British an [...]

Top Commentariats

  • Our Finite World
  • Economic Undertow

thanks for confirming what I already suspected a steady state economy will finish our way of life of [...]

As the population was rising, we have started to think that there is no way some pandemic like Spani [...]

In reply to Kim. 2020 is surely Peak Obesity in the world. [...]

In reply to Dennis L.. Some people people who contracted Legionnaires caught it by merely walking pa [...]

In reply to Duncan Idaho. Hint: Theoretically, we can reduce infectious disease deaths to close to z [...]

Nothing to see here. Move along! Lol. https://www.foxnews.com/opinion/biden-vice-president-pick-dith [...]

Steve seeing as how this is reante's fourth in a row, lemme know if I'm posting up too muc [...]

Hey Steve what do you think if the idea that the 1K/mo digital UBI for US citizens 18 and older (plu [...]

Who was it who used to argue here years ago about how much fat could be cut from the system? Was it [...]

Independent to me means non-commercial. They may sell half or full beefs and five or ten ton of hay [...]

RE Economics

Going Cashless

Off the keyboard of RE Follow us on Twitter @doomstead666...

Simplifying the Final Countdown

Off the keyboard of RE Follow us on Twitter @doomstead666...

Bond Market Collapse and the Banning of Cash

Off the microphone of RE Follow us on Twitter @doomstead666...

Do Central Bankers Recognize there is NO GROWTH?

Discuss this article @ the ECONOMICS TABLE inside the...

Singularity of the Dollar

Off the Keyboard of RE Follow us on Twitter @doomstead666...

Kurrency Kollapse: To Print or Not To Print?

Off the microphone of RE Follow us on Twitter @doomstead666...

SWISSIE CAPITULATION!

Off the microphone of RE Follow us on Twitter @doomstead666...

Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money

Off the keyboard of RE Follow us on Twitter @doomstead666...

Merry Doomy Christmas

Off the keyboard of RE Follow us on Twitter @doomstead666...

Peak Customers: The Final Liquidation Sale

Off the keyboard of RE Follow us on Twitter @doomstead666...

Collapse Fiction

Useful Links

Technical Journals

It is imperative to know the spatial distribution of vegetation trends in India and its responses to [...]

Air pollution continues to be a serious issue for plant health and terrestrial ecosystems. In this i [...]

Moderate Resolution Imaging Spectroradiometer (MODIS) burnt area products are widely used to assess [...]

This study was designed to identify trends in maximum, minimum, and average air temperatures in the [...]