How Xi Jinping Is Transforming China (For Better 👍 and for Worse 👎) - VisualPolitik EN

Summary

This video from VisualPolitik explores Xi Jinping's re-election at the 20th National Congress of the Communist Party of China and his consolidation of power. It highlights Xi's achievements, such as the eradication of extreme poverty, infrastructure expansion, and advancements in China's space program and military. However, the video also discusses significant failures, including the zero-COVID policy, economic struggles, and rising tensions with neighboring countries. The video poses the question of whether Xi Jinping's leadership will continue to shape China's future positively or further strain its economy and international relations.

Takeaways

• 🌍 Xi Jinping secured a historic third term at the 20th National Congress of the Communist Party of China, gaining absolute control over Chinese politics.
• 👥 Xi replaced several top political figures with loyalists in the Politburo's Standing Committee, ending the era of plurality within the Communist Party.
• ⚖️ Xi Jinping's consolidation of power has been compared to Mao Zedong, with media describing the event as a 'Great Purge' of opposition factions within the party.
• 💸 One of Xi's major achievements is reducing extreme poverty in China, though the government's definition of poverty is criticized for setting low standards.
• 🚄 Under Xi's leadership, China has greatly expanded its infrastructure, including the addition of over 40,000 kilometers of high-speed rail and the construction of new airports.
• 🚀 China has made significant advancements in its space program, landing rovers on both the moon and Mars, and developing its own space station, the Tian Gong.
• 🛡 Xi Jinping has modernized China's military by reducing troop numbers, focusing on advanced technology, and tightening party control over the armed forces.
• 🧑‍⚖️ Xi established the National Security Commission, further centralizing power by personally overseeing matters of national security, economic, and ideological control.
• 🏘 China's economy faces challenges, including an unproductive infrastructure investment strategy, growing debt, and a severe real estate crisis with millions of empty homes.
• 😷 Xi's strict 'zero-COVID' policy has become a major failure, resulting in economic stagnation and ongoing lockdowns, contributing to rising unemployment and public discontent.

Q & A

What significant political event occurred during the 20th National Congress of the Communist Party of China?

Xi Jinping was re-elected and secured a historic third term as the leader of China, marking a significant consolidation of power.

What changes did Xi Jinping make to the Politburo Standing Committee during the Congress?

Four members of the Politburo Standing Committee were replaced by Xi Jinping's loyal followers, reducing factional plurality within the Communist Party.

Why do some media outlets refer to the 20th Congress as a 'Great Purge'?

The term 'Great Purge' is used because Xi Jinping removed key figures from rival factions, such as Wang Yang and Li Keqiang from the Youth League faction, consolidating his power further.

What are Xi Jinping’s main achievements according to the Chinese government during his first two terms?

His major achievements include eradicating extreme poverty (by Chinese standards), boosting infrastructure, advancing the space program, modernizing the military, and tightening national security.

How has China’s space program progressed under Xi Jinping?

Under Xi Jinping, China has made significant strides in space exploration, including landing rovers on the moon and Mars, and constructing its own navigation system and space station.

What is the 'Military-Civil Fusion' strategy introduced by Xi Jinping?

The 'Military-Civil Fusion' strategy involves leveraging civilian technologies for military purposes, with the goal of creating a more technologically advanced and modern military.

What is the National Security Commission and why is it important?

The National Security Commission, chaired by Xi Jinping, was established to strengthen the Communist Party's control over national security and foreign policy, allowing Xi to make decisions unilaterally.

What impact has Xi Jinping's control over Hong Kong had on the region?

Xi Jinping's control has led to the political and judicial subjugation of Hong Kong, curbing its freedoms and dissident activities, which has been a major nationalist victory for the regime.

What are some of the major failures of Xi Jinping's leadership?

Major failures include the economic downturn, rising unemployment, the real estate crisis, growing national debt, and the unsuccessful 'zero-COVID' policy, which isolated China from the world.

How has China's foreign policy under Xi Jinping impacted its global relations?

China’s aggressive foreign policy, including its stance on Taiwan and the South China Sea, has led to stronger military and economic alliances against China, especially with the U.S., isolating China diplomatically.

Outlines

00:00

📊 Xi Jinping Secures Third Term as Leader of China

Xi Jinping has secured a historic third term as the leader of China, solidifying his control over the Communist Party and China's political structure. During the 20th National Congress, Xi replaced key figures with loyalists, reshaping the Politburo Standing Committee and eliminating internal party factionalism. The consolidation of power marks the end of plurality within the Chinese government, with Xi firmly in control for the next five years.

05:01

🔄 The Great Purge and Its Impact on China's Leadership

Xi Jinping's consolidation of power has led to what is referred to as a 'Great Purge,' where key figures like Wang Yang and Li Keqiang, from the Youth League faction, were replaced by Xi’s loyalists. This shift eliminated significant political opposition within the Communist Party, particularly from factions like the Chuan Pie and Jing Jem factions. As a result, Xi now holds unchallenged power within the Chinese government, with no rivals to overshadow him.

10:02

📈 Xi Jinping's Achievements: Poverty Eradication and Economic Growth

Xi Jinping's tenure has seen significant achievements, including the eradication of extreme poverty, where the number of extremely poor citizens dropped from 82 million in 2012 to almost zero by 2021. Although the methods are criticized, China has seen marked improvements in urban and rural incomes, with rural income growing by 82%. Infrastructure projects, such as high-speed rail development, have also been major successes, fueling economic growth and job creation.

15:03

🚀 China’s Space Program and Military Reforms Under Xi

Xi Jinping has advanced China’s ambitions in space exploration, with successful missions to the moon and Mars, and the creation of China's own space station. In addition, Xi has reformed the military, modernizing it through technological advancements and tightening party control over the armed forces. The Civil-Military Fusion strategy has helped accelerate military development, positioning China as a more capable global military power.

🔐 Xi Jinping's National Security Measures and the Hong Kong Crackdown

Xi Jinping's leadership has been marked by the creation of the National Security Commission, which centralizes control over China's security apparatus under his authority. He has also overseen a major political crackdown on Hong Kong, ending its semi-autonomous status and bringing it under full control of the Communist Party. These moves highlight Xi's personalist approach to leadership, further consolidating his power and silencing dissidents.

📉 The Failures: Economic Slowdown and the COVID-19 Crisis

Despite his achievements, Xi Jinping faces significant failures, most notably his handling of the COVID-19 pandemic. The strict zero-COVID policy has stifled China's economy, leading to lockdowns and disruptions. Economic growth has slowed, and unemployment, especially among young people, has risen. Additionally, Xi's massive public spending on unproductive infrastructure projects has led to mounting government debt, further exacerbating economic challenges.

🏢 Real Estate Bubble and Private Sector Struggles

China’s real estate bubble, fueled under Xi’s leadership, has led to severe financial risks, with millions of unoccupied homes and significant debt. The private sector has also struggled due to increasing Communist Party control over businesses. Wealthy tycoons have lost billions as investors flee, fearing Xi’s tightening grip on both the economy and politics, which has negatively impacted China’s international standing.

🌍 Geopolitical Failures and Growing International Isolation

Xi Jinping's aggressive foreign policies, including actions in the South China Sea and threats toward Taiwan, have resulted in China's increasing isolation. These moves have strengthened alliances between the U.S. and other countries in the region, such as through the Quad and AUKUS. China’s deteriorating relations with its neighbors and growing military competition have further strained its global position, creating challenges for Xi’s long-term strategy.

Keywords

💡Xi Jinping

Xi Jinping is the current leader of China and the central figure in the video. His re-election for a historic third term is discussed as a major event in world geopolitics. The video highlights how Xi has consolidated power by eliminating opposition and promoting loyal followers, making comparisons to former Chinese leader Mao Zedong. His leadership style, achievements, and failures are the focal points of the video.

💡Communist Party of China

The Communist Party of China (CPC) is the ruling political party in China, and its inner workings are central to the video. Xi Jinping's dominance over the party, particularly through the Politburo and the Standing Committee, illustrates how he has gained total control of the country's leadership. The party's internal factions and their role in shaping China's governance are also explored.

💡Politburo Standing Committee

The Politburo Standing Committee is the highest decision-making body in China, consisting of seven members. In the video, it is explained that Xi Jinping has reshuffled this committee, replacing four of the seven members with loyalists, thereby securing his influence. This move signifies the end of plurality within the CPC, as Xi consolidates power.

💡Extreme Poverty Eradication

The eradication of extreme poverty is presented as one of Xi Jinping's major achievements. Under his leadership, China claims to have lifted millions out of extreme poverty, though the video notes that the income threshold to escape poverty in China is set very low. This achievement is framed as a key component of China's domestic successes during Xi's rule.

💡Infrastructure Development

Xi Jinping's push for infrastructure development is discussed as a central part of his economic strategy. The video highlights China's rapid expansion of high-speed railways and the construction of new airports. While these projects have created jobs and stimulated growth, they are also criticized for contributing to China's rising debt and unproductive investments.

💡Space Program

China's space program, heavily supported by Xi Jinping, has achieved significant milestones such as sending rovers to the Moon and Mars. The video discusses China's ambition to become a global leader in space exploration by 2045, a project that showcases Xi’s vision for China's technological and military advancement.

💡Military Modernization

Xi Jinping has focused on modernizing China's military, making it more technologically advanced and better integrated. The video explains that Xi has reduced troop numbers and emphasized civil-military fusion, where civilian industries support military advancements. This modernization is a key aspect of China's strategy to compete with global military powers like the United States.

💡COVID-19 Zero Policy

The COVID-19 Zero Policy refers to China's strict measures to contain the virus, including lockdowns and quarantines. Initially praised, the video portrays this policy as a failure over time, as it has harmed China's economy and society while failing to completely eradicate the virus. The policy's economic and social consequences are discussed as part of Xi's leadership challenges.

💡Hong Kong

The video discusses Xi Jinping's political and judicial crackdown on Hong Kong, portraying it as one of his significant achievements from a nationalist perspective. The suppression of democratic movements in Hong Kong is presented as a victory for Xi's regime, but also as a move that has stifled freedom and led to international criticism.

💡Real Estate Crisis

China's real estate crisis is identified as one of Xi Jinping's major failures. The video explains how overbuilding and speculative investments have led to a property bubble, with millions of empty homes and a significant financial burden on Chinese banks and the government. This crisis threatens the stability of China's economy under Xi’s leadership.

Highlights

Xi Jinping secures historic third term as leader of China, consolidating absolute control over the Communist Party.

Xi Jinping's rise marks the end of political plurality in the Communist Party, with his loyalists filling key positions.

The removal of Wang Yang and Li Keqiang, key figures from the Communist Youth League faction, exemplifies Xi's power consolidation.

Xi Jinping's leadership style is being compared to that of Mao Zedong, with a focus on centralizing power.

Xi Jinping's anti-poverty efforts led to the claim of eradicating extreme poverty, though the income threshold used is low by global standards.

Urban household income in China grew by 66% and rural household income by 82% during Xi Jinping’s first 10 years in power.

Xi Jinping's government expanded China’s high-speed rail network by 330%, making it the largest in the world.

China under Xi Jinping has advanced its space program, landing rovers on the moon and Mars, and building its own space station.

Xi Jinping reformed China’s military, focusing on modernization and creating a more technologically advanced force.

The National Security Commission, chaired by Xi, increased the Communist Party’s control over national security and foreign policy.

Xi Jinping's crackdown on Hong Kong represents a significant win for his nationalist agenda but ended the city's political freedom.

Xi Jinping’s zero-COVID policy has been seen as a failure, economically isolating China and leading to ongoing lockdowns.

China’s economic growth has slowed under Xi, with high public spending and unproductive investments driving up debt.

China's real estate bubble, exacerbated under Xi Jinping’s leadership, poses significant risks to the nation’s economy.

Xi Jinping's aggressive foreign policies, particularly in the South China Sea, have isolated China and strengthened U.S.-led alliances in the region.

Transcripts

[Music]

in the end what many feared would happen

happened at the 20th National Congress

of the Communist Party of China Xi

Jinping was re-elected Xi Jinping

secures historic third term as leader of

China we are talking about one of the

events that will have the greatest

impact on the future of world

geopolitics the dictator Xi Jinping has

not only managed to hold on to power for

five more years but has also achieved

absolute control he has managed to

replace the top political power in China

with his most loyal followers taking

down many of the main representatives of

different factions of the Chinese

Communist Party along the way perhaps

the best illustration of this is what

happened with the standing committee of

the party's politburo the well-known

Group of Seven the central body that

governs the Communist party and by

extension all of China and which is

composed of seven of the 25 members of

The politburo Well of these seven

members in the latest Congress four

names have been replaced the other three

remaining that is Xi Jinping and two

other figures loyal to the leader have

stayed on and now four other members

also loyalty have joined plurality among

the various factions of the Chinese

government is now history

[Music]

among the four senior officials have

been replaced are Wang Yang and Lee kig

Yang two important figures of the Chuan

pie faction from the youth league a

faction to which former president hujin

Tao belongs and which does not get along

particularly well with XI jinping's one

group for this reason many media Outlets

speak of the recent Congress of the

Communist Party of China as a kind of

Great Purge a great assault on power of

a third faction of the party along with

the Chuan pie and the Jing Jem in

Shanghai gang we are speaking of course

about the newly created ji gang

and you know what all this means that

for at least the next five years no one

absolutely no one will overshadow Xi

Jinping

foreign

the relative plurality of the Chinese

Communist party has come to an end and

from now on the Chinese leader will have

more power than ever that is why Xi

Jinping is already known as the new Mao

but this whole story about the factions

of the Communist party and how Xi

Jinping has managed to take full control

of the party we've already covered all

of this recently on visualpolitik so if

you haven't subscribed don't wait any

longer do it right now and hit the

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growth of this project you can get a lot

of benefits such as the weekly snapshot

Latin politic and exclusive gifts I'll

leave you all the information in the

description below but having said that

in this video we want to put on the

bricks in order to answer two key

questions what have been XI jinping's

greatest achievements and greatest

failures during his last 10 years at the

helm of China and perhaps the most

important question of all has the Xi

Jinping era been good for China becoming

a superpower those of you who usually

follow us here on visualpolitik May

already have a clear idea but just in

case keep watching this video let's get

cracking

the Chinese dreams achieved

[Music]

let's start if you like with the most

positive achievements the brightest

aspect of the government of the man who

seems to Aspire to become the Mao Zedong

of the 21st century because yes since Xi

Jinping took the hell of the People's

Republic of China and despite his

increasing level of authoritarianism the

recently re-elected Undisputed leader

does have some successes to bring to the

table okay some may not be strictly

attributable to Xi Jinping and others

can only be defined as such from

beijing's point of view an example of

the former is precisely the issue of

extreme poverty or rather with the

eradication of extreme poverty which is

one of the great goals that the Chinese

leader is aiming for you see back when

Xi Jinping came to power in 2012 it was

estimated that some 82 million Chinese

something like the entire population of

Germany were extremely poor however in

2021 we came across news headlines like

this China's XI declares victory in

ending extreme Poverty of course we are

talking about dictatorship and all

dictatorships love making stuff up in

the case of china though the problem is

that according to Chinese government

scales you only need to have an income

of more than 620 a year to escape the

statistics of extreme poverty but aside

from these Minor Details the

indisputable reality is that during the

first 10 years of Xi Jinping the income

of the Chinese did continue to increase

and so the average disposable income per

Urban household grew by 66 between 2003

and 2020. and in the case of rural

households the Improvement was 82 in

other words it almost doubled in less

than 10 years in fact improving living

conditions in rural China has been one

of the Chinese Leader's main objective

since he became president of the country

perhaps it has something to do with the

fact that during his adolescence

following his father being purged from

the party he himself endured what it

means to be poor in rural China

but then again maybe we could say that

instead of thanks to ji it was in spite

of ji the trade War the war on

technology the debt Hong Kong we've

already told you about these things many

times be that as it may there's also the

data and of course that's not the end of

it here is another of his major goals

check this out China's she urges all-out

infrastructure push to boost growth yes

one of ji jinping's great obsessions has

been to fill the country with

infrastructure of all kinds partly to

try to breathe life into an economy that

has been slowing down little by little

let's say that from the Chinese

government's perspective the more

construction of infrastructure is the

best way to fuel economic growth and the

creation of thousands of jobs

and that is why when the Great crisis of

2008 broke out the Chinese government

started building infrastructure in a

frenzy and the results are in plain view

under Xi Jinping the number of

kilometers of high-speed Railways has

increased by 330 to more than 40 000

kilometers just under 25 000 miles no

other country in the world comes even

close to this figure so much for Elon

Musk and his hyper Loop and this is just

one example another would be the 82

civilian airports that have been built

throughout China

of course it's not also Rosie you will

see why I say this later on but for now

let's keep going we can identify four

other key projects where XI jinping's

influence has been even greater one of

them is the space program

throughout this decade China has been

rapidly catching up with the two great

space Powers the United States and

Russia for example the Asian giant has

succeeded in sending Astro mobiles to

both the moon and Mars and that is a

giant step forward China becomes only

second nation in history to land a Rover

on Mars China makes historic landing on

Dark Side of the Moon the Chinese

spacecraft is the first to ever land on

this unexplored area in fact one of XI

jinping's great promises is that China

will achieve the space dream that is

that by 2045 it will become the great

world leader in the galactic exploration

even ahead of the United States in order

to achieve this what do you think he is

doing well naturally increasing the

budget of the cnsa the Chinese NASA to

nearly 10 billion dollars a year but

they are still far behind NASA but not

so much anymore especially when we take

into account the price difference

be that isn't me the fact is that thanks

to all this investment in 2020 China

completed the launch of satellites with

which it has its own navigation service

and therefore does not have to rely on

American GPS and not only that it is

also building its first permanent lows

orbit space station the Tian gong which

will be used for both scientific

experiments and autonomous space flight

among other things

there was no doubt about it the Chinese

space program has received a big Boost

from Xi Jinping but let's continue

another field in which this President

can point to several successes at least

from the Chinese point of view is the

military field why well because Xi

Jinping has pushed for a major reform of

both the armed forces and the National

Security apparatus itself let me explain

true to his vision the Chinese president

has managed to get the party that is

himself to control the Armed Forces much

more tightly he did the same thing that

he has now done with the Group of Seven

he forced people loyal to him to sit on

the central military Commission of

course that's not all he's done China's

armed forces were completely Obsolete

and XI has set out to bring them up to

date

[Music]

and so in the last 10 years the Chinese

government has carried out a profound

process of change and modernization of

the Armed Forces for example it's

promoted the Civil military Fusion

strategy or mcf that is an aggressive

strategy aimed at enabling China to have

a technology advanced military as soon

as possible this has meant that Chinese

companies have had to contribute to this

process by various methods such as

purchasing and adapting Technologies for

civilian use in the military field and

this explains why the United States and

many other countries are restricting

exports to China of lots of

technologically advanced products

in this vein in 2015 the reduction of

the army by 300 000 men was announced

because the important thing now is not

to have the largest army but the best

equipped and trained Beijing knows this

and is set to work it has also greatly

improved integration between the various

branches of the Armed Forces the result

generally speaking is that military

experts and analysts believe that

China's Armed Forces today are far more

capable and operational than they were a

decade ago and that without XI jinping's

technological drive and reforms that is

perhaps something that would have never

been achieved although we are not going

to get into the details of this topic

here because we already told you about

this in a past video that will link for

you in the description below

then in terms of security at least its

own security we could say that another

major achievement was the creation of

the National Security Commission of the

Communist Party of China founded in

November 2013. a commission that

surprise surprise is chaired by Xi

Jinping himself don't let anyone say

later that this guy's leadership is not

personalistic to the max in China Xi

Jinping is beginning to seem omnipresent

omnipotent and omniscient this is clear

that he has studied the manual of the

good autocrat thoroughly well this

commission is basically in charge of

tightening the party's control of

National Security and foreign policy

matters including economic social

cultural and of course ideological

matters to clarify the main implication

of this new body is that it is now

directly Xi Jinping who decides without

any interference what exactly is a

threat to National Security what has to

be pursued by the state's repressive

apparatus and what has to be punished

with such harsher penalties by the

Chinese courts another question I'm sure

you're wondering is why on Earth is this

an achievement well let's say that this

case is a little different here we are

talking about a Personal Achievement of

a guy who has managed to take over all

the the levers of power and of course

with such control as fingertips let's

see who is brave enough to dare to

challenge him exactly there's no one but

obviously we could not end this section

without mentioning The Assault on Hong

Kong

[Music]

the political and judicial assault on

the former British colony has been one

of the most significant events in

Chinese politics in recent decades what

until then had been one of the freest

cities in the world is now under the

full control of the Chinese Communist

party this is meant not only an

important win for XI jinping's

nationalist discourse but also the end

of one of the main centers of dissidents

and criticism of the regime worldwide

[Music]

but this is as far as it goes whether we

like them more or less there are the

five wins the five achievements that

allow Xi Jinping to boast about his

management of his own people yes moves

like the Hong Kong takeover may be bad

for China in the long run but so what

the important thing was to go into this

20th congress with the ability to be

re-elected and that's exactly what

happened however that's not the whole

story along with these relative

achievements and political wins we can

also highlight six major failures that

in addition will make this third term in

office very difficult check this out

[Music]

the major cracks in the Empire

obviously we cannot talk about major

failures without talking about covet for

a long time the Chinese government

itself sold its management of the

pandemic as a success but over time the

reality has turned out to be very

different we're not going to assess

whether or not the government acted fast

enough to contain the pandemic I think

we already have a rough idea about

whether or not they did that the point

is that the covert zero policy one of XI

jinping's big bets has proven to be a

great failure

[Music]

the kovic zero policy continues to

China and keeps it largely

disconnected from the rest of the world

with all the economic and social damage

that that implies yet despite this its

results are a resounding failure the

covert zero policy may have reduced the

number of infections and deaths in China

but it has not achieved its main

objective to eradicate the virus far

from it this strategy is perpetuating

the problem confinements and restrictive

measures continue almost three years

after the pandemic first broke out

this explains why we can still find news

stories like this one China locks down

part of Wuhan nearly three years after

the first coveted case emerged more than

800 000 people locked down in the site

of world's first covet outbreak in 2019

as other Chinese cities seal up streets

and homes seeing is believing of course

don't think that this endeavor is coming

for free

foreign

policy is accelerating the economic

crisis that the country is beginning to

experience economic growth in China has

plummeted and unemployment rates are

soaring among young people to the extent

that many University students prefer not

to finish their studies for fear of not

finding a job and becoming unemployed in

fact the poorer performance of the

economy is another of XI jinping's major

burden since the current Chinese leader

became to power both the growth and the

Very dynamism of the Chinese economy

have been fading and this is despite the

fact that the government has made a

Titanic effort to make things develop in

a different way do you remember for

example what we were saying a moment ago

about infrastructure well in spite of

having improved Communications and

territorial structuring the truth is

that public spending stimulus policies

have caused the various levels of the

Chinese government to spend a lot of

money on investments that they did not

need and of course are not productive at

all this graph that you see on the

screen is crucial in it you can see how

economic growth has evolved and how also

how the so-called incremental capacity

output ratio this ratio tells us how

much additional investment is needed to

grow domestic production as you can see

since 2008 it has not stopped increasing

and under XI jinping's mandate is

practicing multiplied by two in other

words more and more investment is being

made to increase production this is

basically because Chinese investment is

very unproductive do you remember all

those high-speed train lanes and

highways we mentioned before well the

vast majority of them are not productive

at all but what they have done instead

is defeat a huge mountain of debt

because don't forget it doesn't matter

whether we are talking about a socialist

country a company or a family money

never grows on trees and all public

spending has to be financed one way or

another and naturally if you invest in

projects that have no returns if you are

a company you go bankrupt and if you're

a government then you are left with a

huge pile of debt but I know what you're

thinking let's see Grant if we look at

the statistics on Chinese government

debt things seem to be under control it

hasn't grown that much right well guess

what you are partly right the problem is

that we are talking about a country

addicted to made-up accounting and that

you are not taking things like this into

account China's state-owned companies

encumbered by world's biggest corporate

debt pile of course the public

investment bubble is not the only bubble

China is suffering from in fact it's not

even the most worrying one as we've

already told you here on visual politic

the real estate crisis promises to be

much worse

ji Jinping fueled a huge real estate

bubble that he has failed to manage and

that now risks wreaking real havoc on

the account of the government Banks and

Chinese families China's property crisis

is fueling record loss in Bea debt

almost nine percent of Bank of East Asia

limiteds loans to Chinese property

developers were likely impaired as of

the end of June 30th that outstrips

three to six percent for major Chinese

peers to give you an idea some estimates

suggests that today we can find more

than 120 million empty homes throughout

China and that's not the end of it

another of XI jinping's economic pillars

particularly in recent years has been to

increase the Communist party's control

over Chinese Enterprises the result the

public sector keeps growing and the

private sector is on the ropes you'll

believe me take a look at this

[Music]

and considering how poorly the public

sector is performing in China this is

not bored well and guess what the

markets know it China's richest tycoons

lost more than 35 billion dollars in the

market sell-off that followed XI

jinping's Titan and grip on the

government

shiners Yuan tumbled on Tuesday to its

lowest level in nearly 15 years as

investors fled Chinese assets amid fears

about XI jinping's dramatic move to

tighten his grip on power but remember

we are not only talking about the

economy and international politics

Fiasco's also outnumber successes in

recent years beijing's increasingly

belligerent agenda has led to frankly

poor results for example China did not

even manage to persuade South Korea not

to install the U.S thaad anti-missile

Shield whose powerful Radars according

to the Chinese themselves can monitor

military movements hundreds of

kilometers away and this is just one

example because the truth is we can find

many more

[Music]

foreign

policies regarding the South China Sea

Islands his constant threats and

harassments of Taiwan and his military

escalation have promoted the emergence

of strong anti-chinese military and

economic alliances these alliances have

a clear protagonist the United States we

are talking for example about orcas quad

cptpp or the recent indo-pacific

economic framework contrary to what

Beijing thought its agenda has

strengthened Washington's role in the

region and is leading its neighbors to

invest much more in their own Armed

Forces

of course a more isolated China at odds

with its neighbors is bad news for both

China itself and the rest of the world

but basically barring a last minute

swerve this is what we can expect after

the 20th Congress of the Chinese

Communist party as you can see Xi

Jinping has some successes but his major

failures are putting the once thriving

Chinese model on the ropes but at this

point it's over to you will Xi Jinping

become the new Mao capable of

controlling both the Chinese society and

the Chinese economy with an iron fist a

XI jingping a good leader for China

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