Chinese leadership meeting points to social tensions amid economic problems
==========
The Chinese Communist Party (CCP) leadership is concerned about economic problems leading to social tensions and political opposition; The Third Plenum of the central committee discussed future economic development and acknowledged the problems caused by the ending of the previous growth model based on real estate and infrastructure development; The official growth target is around 5 percent, the lowest in three decades; The meeting highlighted the need for tighter social and political controls by the state to safeguard social stability; The regime fears opposition in the working class and cracks within the leadership of Xi Jinping's regime; The Chinese economy is facing mounting problems, including falling growth rates and the threat of an economic war with the US; The plenum statement has been criticized for lacking a strategy to manage the economy's problems; The period of relative social peace in China may be coming to an end.
#ChineseCommunistParty #EconomicProblems #SocialTensions #ThirdPlenum #GrowthRate #RealEstate #InfrastructureDevelopment #SocialStability #XiJinping #WorkingClass #EconomicWar #Us #Strategy
https://www.wsws.org/en/articles/2024/07/20/wozf-j20.html
Oddbean new post about login | logout