https://www.wsj.com/articles/rollback-of-xi-jinpings-economic-campaign-exposes-cracks-in-his-power-11647354449

ignore headline in WSJ which is obviously editorialized, can anyone confirm what parts of this (if any) are being misreported?
seems to me like all the old dengists are the ones "voicing dissent"
uscnpm.org/2022/03/12/hu-wei-russia-ukraine-war-china-choice
here's one of the sources dude really wants china to slurp the US harder.
english.news.cn/20220316/7830330defe246c6b6c0c09e4115800e/c.html
this is probably what you are looking for though. seems like the party really wants to maintain economic growth - at least for this quarter - as that is what will lead to the most political stability.
"Concrete actions must be taken to bolster the economy in the first quarter, the meeting said, noting that monetary policy should take the initiative to cope with the situation, while new loans should maintain an appropriate growth.
On the regulation over U.S.-listed Chinese firms, the meeting said the Chinese and the U.S. regulatory bodies have maintained good communication and made positive progress. The two sides are working on a concrete cooperation plan.
The Chinese government will continue to support various enterprises to seek listings in the overseas markets, the meeting said.
For real estate enterprises, it is necessary to timely study and suggest effective risk prevention and mitigation solutions and put forward supporting measures for the transformation to a new development approach, said the meeting.
As for the platform economy, relevant departments should improve the established plans to govern the sector. They should steadily advance and complete the rectification work on large platform companies as soon as possible through standard, transparent, and predictable regulation, the meeting said.
Both "red lights" and "green lights" should promote the steady and healthy development of the platform economy and improve its international competitiveness.
The meeting urged enhanced communication and coordination between the regulators of the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) to maintain the stability of the financial market in the HKSAR.
The meeting stressed that relevant authorities should earnestly shoulder their responsibilities, actively introduce market-friendly policies and prudently introduce policies with a contractionary effect.
Authorities should timely respond to issues that draw attention from the market, the meeting said.
Any policy that has a significant impact on the capital market should be coordinated with the financial regulatory authorities in advance to maintain stable and consistent expectations, the meeting said.
The financial stability and development committee will strengthen coordination and communication under the guidance of the CPC Central Committee and the State Council and hold relevant parties accountable if necessary, the meeting said.
The financial institutions should bear in mind the overall situation and firmly support the development of the real economy, the meeting said. It added that long-term institutional investors are welcome to increase their shareholding."
seems to me like all the old dengists are the ones "voicing dissent"
https://uscnpm.org/2022/03/12/hu-wei-russia-ukraine-war-china-choice/
here's one of the sources dude really wants china to slurp the US harder.
https://english.news.cn/20220316/7830330defe246c6b6c0c09e4115800e/c.html
this is probably what you are looking for though. seems like the party really wants to maintain economic growth - at least for this quarter - as that is what will lead to the most political stability.
"Concrete actions must be taken to bolster the economy in the first quarter, the meeting said, noting that monetary policy should take the initiative to cope with the situation, while new loans should maintain an appropriate growth.
On the regulation over U.S.-listed Chinese firms, the meeting said the Chinese and the U.S. regulatory bodies have maintained good communication and made positive progress. The two sides are working on a concrete cooperation plan.
The Chinese government will continue to support various enterprises to seek listings in the overseas markets, the meeting said.
For real estate enterprises, it is necessary to timely study and suggest effective risk prevention and mitigation solutions and put forward supporting measures for the transformation to a new development approach, said the meeting.
As for the platform economy, relevant departments should improve the established plans to govern the sector. They should steadily advance and complete the rectification work on large platform companies as soon as possible through standard, transparent, and predictable regulation, the meeting said.
Both "red lights" and "green lights" should promote the steady and healthy development of the platform economy and improve its international competitiveness.
The meeting urged enhanced communication and coordination between the regulators of the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) to maintain the stability of the financial market in the HKSAR.
The meeting stressed that relevant authorities should earnestly shoulder their responsibilities, actively introduce market-friendly policies and prudently introduce policies with a contractionary effect.
Authorities should timely respond to issues that draw attention from the market, the meeting said.
Any policy that has a significant impact on the capital market should be coordinated with the financial regulatory authorities in advance to maintain stable and consistent expectations, the meeting said.
The financial stability and development committee will strengthen coordination and communication under the guidance of the CPC Central Committee and the State Council and hold relevant parties accountable if necessary, the meeting said.
The financial institutions should bear in mind the overall situation and firmly support the development of the real economy, the meeting said. It added that long-term institutional investors are welcome to increase their shareholding."
thanks, this is basically what i was actually looking for. dengists strike again lol
So is congress gonna introduce price controls on gas?
or is it just gonna shell out some subsidies
So is congress gonna introduce price controls on gas?
or is it just gonna shell out some subsidies
Give it a week or two, corps wanna wring it out
i am so f***ing sick of this dumbass circlejerking around companies pulling out of russia and the extended liberal discourse surrounding it
you are pulling out of Russia because it represents < 3% of the global GDP and thus sacrificing it as a market gives you brownie points and free PR without actually effecting your bottom line. acting like it is a moral decision is beyond idiotic. i hate these people so much
i am so f***ing sick of this dumbass circlejerking around companies pulling out of russia and the extended liberal discourse surrounding it
https://twitter.com/hiltzikm/status/1504551480635768855you are pulling out of Russia because it represents < 3% of the global GDP and thus sacrificing it as a market gives you brownie points and free PR without actually effecting your bottom line. acting like it is a moral decision is beyond idiotic. i hate these people so much
Seriously dude? Like okay, maybe it's motivated by PR partly, but it's still good. And just because it makes them look good doesn't mean they're not genuine about it and now isn't good. It's still super important that Russians can't eat big macs and buy new iphone chargers. Slava Ukraini ✊🏻
Seriously dude? Like okay, maybe it's motivated by PR partly, but it's still good. And just because it makes them look good doesn't mean they're not genuine about it and now isn't good. It's still super important that Russians can't eat big macs and buy new iphone chargers. Slava Ukraini ✊🏻
this gave me PTSD, i will never forget that around the beginning of the pandemic, i was on clubhouse in a decently big room and some upper class black girlboss yuppie was not only giving a speech saying she'd be okay with amazon/other corporations having full monopolies and being more powerful than the government, but getting actively upset and trying to dogpile on me for even merely suggesting that this was a bad idea. Her logic was, of course, that since corporations like Amazon and Microsoft participate in DEI programs and hold PR campaigns to "uplift black and diverse voices", that even if it was motivated by PR or financial incentive, it didn't matter because it was still a material benefit to the black community and thus would be better to have them in charge than an actual government
this gave me PTSD, i will never forget that around the beginning of the pandemic, i was on clubhouse in a decently big room and some upper class black girlboss yuppie was not only giving a speech saying she'd be okay with amazon/other corporations having full monopolies and being more powerful than the government, but getting actively upset and trying to dogpile on me for even merely suggesting that this was a bad idea. Her logic was, of course, that since corporations like Amazon and Microsoft participate in DEI programs and hold PR campaigns to "uplift black and diverse voices", that even if it was motivated by PR or financial incentive, it didn't matter because it was still a material benefit to the black community and thus would be better to have them in charge than an actual government
brain rot s*** kms
u should read mistaken identity by asad haider
it's a critique on idpol, kind of written really academic but im sure you'll get some out of it if you havent' read it already
brain rot s*** kms
u should read mistaken identity by asad haider
it's a critique on idpol, kind of written really academic but im sure you'll get some out of it if you havent' read it already
yeah ive heard a lot about haider but havent gotten around to him specifically myself. i'll just say i do think fixation on identity within the confines of absolutes is dangerous, but I also think the reflexive distate against the mere discussion of "idpol" is often counter-productive. I very much have my own distate of the modern forms under which idpol manifests (such as the braindead example i gave of defending corporations because you've been nabbed by corporate propaganda), but I don't think the mere discussion of identity as a general concept is always bad, which is the issue a lot of places like stupidpol fall into.
Days without Western intelligence agencies tricks: 0
nl.m.wikipedia.org/wiki/Marxistisch-Leninistische_Partij_van_Nederland
"The Marxist-Leninist Party of the Netherlands ( MLPN ) was a so-called Maoist group that was founded in 1970 by some members of the MLCN , after - as later turned out to be BVD agent - Peter Boevé was expelled from the MLCN. What was special about the MLPN was that it was actually a frontline organization of the Homeland Security Service , codenamed Project Mongol (the FBI called it "Operation Red Herring"). This information was revealed in 2004 in the book In service of the BVD. Espionage and counter -espionage in the Netherlands of former BVD employee Frits Hoekstra† At the same time, Bouvé could also be seen in the NPS documentary De Geheime Dienst (2004), in which he extensively talked about his activities in China (under a pseudonym and disguised). More details were revealed in the book The Secret Service , which was published in response to the documentary.
The party tried to control contacts from the Netherlands with China and Albania. They stole some of the financial support from China for the real Maoist organizations; in Albania it was officially recognized as a sister party. An important person within the so-called party was BVD agent Peter Boevé . Boevé traveled regularly under the assumed name of 'Chris Petersen' to communist countries such as China, the Soviet Union and Albania, where he met Mao , Khrushchev and Hoxha , who always approached him with great honor. The MLPN claimed to have 600 members, but in reality it only had a few dozen members who knew nothing about it. The MLPN also had its own magazine, De Kommunist, which was written entirely by BVD employees. "
need to delete reddit i keep getting notifs for r/ukraine lol but r/redscarepod is my guilty pleasure
i am so f***ing sick of this dumbass circlejerking around companies pulling out of russia and the extended liberal discourse surrounding it
https://twitter.com/hiltzikm/status/1504551480635768855you are pulling out of Russia because it represents < 3% of the global GDP and thus sacrificing it as a market gives you brownie points and free PR without actually effecting your bottom line. acting like it is a moral decision is beyond idiotic. i hate these people so much
All this is going to do is flood Russian markets with Chinese-incorporated commodities lol. Which may not have the brand recognition or quality of Western products, but are definitely going to be cheaper and thus much more appealing in the face of sanctions.
It's just a dumb move from an economic perspective alone.
All this is going to do is flood Russian markets with Chinese-incorporated commodities lol. Which may not have the brand recognition or quality of Western products, but are definitely going to be cheaper and thus much more appealing in the face of sanctions.
It's just a dumb move from an economic perspective alone.
This is true, but let's not overstate the importance of the russian economy. Their GDP is less than (individually) any of the following states: New York, Texas, California, Florida. When you talk about the "Russian Market" you're essentially talking about something with a GDP which many companies in the west would consider a cottage industry; this is why I made it a point to mention the only reason companies even have remotely considered pulling out is it does not effect their bottom line at all. Inversely, that gap being filled by another country's companies does not really do that much given just how little economically the country represents.
These big companies doing this stuff aren't stupid, they wouldn't have pulled out if their economic advisors had told them pulling out would cause them to be subsumed by a chinese competitor in the wider scheme of things. The main importance of the russian economy has essentially been fuel/energy, but that's an export from them, not an import from foreign countries, and that discussion is separate from commodities.
The only argument I think is really valid in this sense is the further legitimization of anti or parallel SWIFT alternatives , but this is also something it's not like banks have not considered - finance capital decisions aren't made on a whim like this, there is significant economic speculation behind all these decisions. Even SWIFT alternatives though in general don't inherently present a material risk in all situations, especially since to a degree they already exist within the same regions; it would be a bigger deal if China announced they would be abandoning all western banking in lieu of working with the Russian sphere of influence (inc. neutral countries like India), but for the same reason as american companies, China isn't going to do that because of the sheer influx of money through SWIFT, so as long as they're even remotely playing both sides western companies do not really lose much economic ground.
Also don't read this as a defense of said companies/banks/etc., it's just my take on why they've made said decisions and why it's unlikely to really bite them back
This is true, but let's not overstate the importance of the russian economy. Their GDP is less than (individually) any of the following states: New York, Texas, California, Florida. When you talk about the "Russian Market" you're essentially talking about something with a GDP which many companies in the west would consider a cottage industry; this is why I made it a point to mention the only reason companies even have remotely considered pulling out is it does not effect their bottom line at all. Inversely, that gap being filled by another country's companies does not really do that much given just how little economically the country represents.
These big companies doing this stuff aren't stupid, they wouldn't have pulled out if their economic advisors had told them pulling out would cause them to be subsumed by a chinese competitor in the wider scheme of things. The main importance of the russian economy has essentially been fuel/energy, but that's an export from them, not an import from foreign countries, and that discussion is separate from commodities.
The only argument I think is really valid in this sense is the further legitimization of anti or parallel SWIFT alternatives , but this is also something it's not like banks have not considered - finance capital decisions aren't made on a whim like this, there is significant economic speculation behind all these decisions. Even SWIFT alternatives though in general don't inherently present a material risk in all situations, especially since to a degree they already exist within the same regions; it would be a bigger deal if China announced they would be abandoning all western banking in lieu of working with the Russian sphere of influence (inc. neutral countries like India), but for the same reason as american companies, China isn't going to do that because of the sheer influx of money through SWIFT, so as long as they're even remotely playing both sides western companies do not really lose much economic ground.
Also don't read this as a defense of said companies/banks/etc., it's just my take on why they've made said decisions and why it's unlikely to really bite them back
I getcha, and I agree. My point is just at a very broad, governmental perspective of the U.S. and the increasing influence of China trying to economically co-opt themselves in other countries. International economics instead of a look at a company's trial balance.
And while yes, Russia's GDP is apples and oranges compared to that of the United States, it's not out of the question that a stronger influence from China's corporations can trickle down to its surrounding countries. We have already seen this in multiple economic areas. It's a more perceived thing than a realized gain or loss on the side of Western corporations-- obviously I'm not saying they're taking big losses in regards to this depending on the industry (for example, the company I'm working at quickly rolled out of Russia, and they're a massive ingredient provider). It's a notion that U.S. corporations, while extremely overpowering and all-encompassing, can begin to have serious competition in economic microcosms in the third world.
I don't know if I'm making sense, I just came off a 3 hour final lol. But I can expound on this later if need be
And likewise don't see my post as some ardent defense for China or love for its glorious corporations, I'm the last one itt who'd vouch for the CCP, I'm just saying they're making some smart moves in establishing economic spheres of influence through the U.S.'s overall gaps in alliance-ship.
The "Russia's economy is smaller than ..."-meme needs to die.
That's only true when you look at the GDP nominal rate, which depends on the currency rate. This is not a useful measure for a country where foreign trade of goods and services only amounts to 28% of the GDP.
For comparisons between countries, you should always look at the GDP rate by purchasing power parity (PPP). The GDP-PPP (measured in so-called international dollars) of Russia is at 4.3 trillion for 2021. It's the 6th-biggest economy in the world, only smaller than China (#1), USA (#2), India (#3), Japan (#4) and Germany (#5).
The Russian economy is about the size of California and Florida combined. Those two states make up about 20% of the US GDP.
Russia has a bigger GDP PPP than Brazil, Indonesia, United Kingdom, France, South Korea, Turkey, Mexico...
The "Russia's economy is smaller than ..."-meme needs to die.
That's only true when you look at the GDP nominal rate, which depends on the currency rate. This is not a useful measure for a country where foreign trade of goods and services only amounts to 28% of the GDP.
For comparisons between countries, you should always look at the GDP rate by purchasing power parity (PPP). The GDP-PPP (measured in so-called international dollars) of Russia is at 4.3 trillion for 2021. It's the 6th-biggest economy in the world, only smaller than China (#1), USA (#2), India (#3), Japan (#4) and Germany (#5).
The Russian economy is about the size of California and Florida combined. Those two states make up about 20% of the US GDP.
Russia has a bigger GDP PPP than Brazil, Indonesia, United Kingdom, France, South Korea, Turkey, Mexico...
The "Russia's economy is smaller than ..."-meme needs to die.
That's only true when you look at the GDP nominal rate, which depends on the currency rate. This is not a useful measure for a country where foreign trade of goods and services only amounts to 28% of the GDP.
For comparisons between countries, you should always look at the GDP rate by purchasing power parity (PPP). The GDP-PPP (measured in so-called international dollars) of Russia is at 4.3 trillion for 2021. It's the 6th-biggest economy in the world, only smaller than China (#1), USA (#2), India (#3), Japan (#4) and Germany (#5).
The Russian economy is about the size of California and Florida combined. Those two states make up about 20% of the US GDP.
Russia has a bigger GDP PPP than Brazil, Indonesia, United Kingdom, France, South Korea, Turkey, Mexico...
The point has nothing to do with Russia and it’s economy in a vacuum, it has to do with how much it matters to corporations and the importance of its market sector vs competing markets. Capital is malicious but it’s not stupid, it doesn’t sacrifice large market sectors because of virtue signaling, regardless of what certain pundits think. The Russian economy doesn’t matter to the majority of business and market sectors - this is just a fact. The inclusion of Russia into the market share of China is not some massive own to the west like people want it to be.