The Chinese Communist Party (CCP) is the founding and sole ruling party of China, and has the most effective model of central planning that, probably, anybody has ever observed.
I am a fan of neither communism nor centralisation, and neither are my guests Mike Zhao and Jennifer Zeng, both of whom grew up in China, but it is impossible to deny the speed at which the Chinese economy has rocketed in recent decades.
Obviously, what goes up must come down, and the Chinese experiment is certainly showing signs of tiring, as former BlackRock executive Edward Dowd noted, but not if Xi Jinping can help it.
Foreign correspondent Pepe Escobar, who previously unpacked the geopolitics surrounding the Nord Stream pipelines, this time broke apart the blueprint of the CCP’s utopian vision for the next few decades.
Peaceful modernisation is a phrase, coined by the CCP, that essentially means “making socialism great again”. Put another way, China’s ruling party wants
- a multipolar world (which means no more American and European dominance);
- a stronger web of economic trade and technology independence; and
- the rise of BRICS (and additional) countries.
The West is imploding and, as a result, panicking, hence its proxy wars (like Ukraine) and silly sanctions against Russia, as well as the race towards the implementation and adoption of Central Bank Digital Currencies.
Take a listen to Pepe’s brilliant analysis (based on his article) of the Chinese Communist Party’s roadmap for the future of, not just China, but the whole world. China is indeed a sleeping dragon.
Playing the long game is a winning strategy.