CHINA - what's wrong with China? Part 1

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

Is it possible to change attitudes towards China in 15 minutes? Now let's see, because before you is the most seditious review of this country on YouTube. Go!

Today, China is successfully implementing the world's most unprecedented reforms. Their success is largely due to funding from state-owned banks, which control 90% of China's finances. Of course, corruption is not complete; it is, in fact, part of Chinese culture and the flesh of the clan system of power. In short, the diagram for today is as follows.

There is a whole caste of top government officials, the so-called "princes" - mostly children and grandchildren of Mao Zedong's associates, who, together with the Great Helmsman, built the modern People's Republic of China and formed the new Chinese elite. Behind such a "prince" is its own elite group, a clan with its own political and business interests, a set of tools of influence and the total administrative resource of the posts held by its representatives.

In turn, these clans are united into more global elite corporations. Traditionally, there were two of them, the so-called "Komsomol members", the heirs of the old Beijing party elite, and the "Shanghai clique", which included mainly people from the Chinese elite of the 90s. Recently, a third independent elite corporation has also emerged, the Xi Jinping clan, which previously belonged to the "Shanghai" ones, but which has departed from them and has rapidly increased the power of its clan.

The clans have divided among themselves all spheres of influence in China, they control business, including the shadow one. A complex and intricate political and economic system, a combination of market and socialist structures, specific relations with Hong Kong, Taiwan's special status and many other characteristic features of the Chinese economy create a huge shadow market controlled by clans. And this is not to mention the rapidly growing economy, oriented both to export and to a huge domestic market, the latest developments, the modernization of the armed forces, its own space program, which create unprecedented cash flows and opportunities for the personal enrichment of officials.

So all these tales about the executions of corrupt officials in China, to put it mildly, do not correspond to reality. But this is a topic for a separate issue, let me know with a like and a comment, if interested, we will tell you in the sequel. One way or another, in 25 years China has come out on top in the world in terms of gross domestic product. The International Monetary Fund, the World Bank, and even the CIA admit this. The figures for the aforementioned organizations vary slightly - from $ 17 for the CIA to $ 18 trillion for the IMF.

Americans are generally sad: Investigation by the US Senate revealed that China supplies over a million different types of parts to the country's defense industry. Computer equipment is in the first position in the list of Chinese exports to the United States. Scrap and industrial waste tops the list of American exports to China.

A familiar situation, isn't it? In addition to the West, in which China is actively investing, it almost peacefully seized the countries of Africa, participating in the construction of roads and railways, airports, linking all 54 countries into a single infrastructure. China has invested in thousands of African projects. Its peaceful annexation extended to agriculture, infrastructure, manufacturing and logistics.

China has the world's largest reserves of 27 types of minerals. In fact, it is the world's only raw material superpower, not Russia, as many think. For example, in one year, China produced almost 80% of antimony and tungsten from the world volume, rare earth metals - 85%, of which gold 15%.

China possesses the world's largest shale gas resources, and is in first place in terms of reserves, production and consumption of coal. In recent years, China has produced steel - 49% of world production, pig iron - 54%, coal - 47%, iron ore - 50%, cement - 60%. In the United States, it is calculated that China has produced more cement in three years than the United States in 100 years - this amount could have completely concreted the state of Hawaii. The only thing that China is seriously lacking is natural gas and oil, which it has to import from several countries, including Russia. True, the sensational Power of Siberia gas pipeline turned out to be non-commercial, as the Minister of Energy described it back in 2017 - after all, this project will not pay off until at least 2048.