Daily Archives: September 4, 2021

Back to Socialism

“Socialism” is in, “Enrich yourselves” is out. Where did we hear this before? Chinese “capitalists” may learn some lessons from Bukharin.

“Common prosperity” (共同富裕) is the new big thing in China. There is, of course, a “Xi Jinping thought on common prosperity,” but then there is a Xi Jinping thought for almost everything, including toilets. There are seminars and courses about common prosperity everywhere, mandatory for state bureaucrats and Party members.

There is a whole province, Zhejiang, converted into a laboratory for common prosperity. There is also widespread fear in China that with common prosperity Xi is up to no good, and will take away from the Chinese some features of the comfortable life at least the rich have enjoyed since Deng Xiaoping.

And there is fear abroad that the value of some foreign investments in China will be affected.

Read more at “Xi Jinping’s “Common Prosperity”: Back to Socialism”

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China Clamps Down

Covid-19 has now spread into around half of China’s provinces, causing authorities to impose new movement restrictions nationwide as the country returns to the mass testing and lockdowns imposed when the virus first erupted in early 2020.

Public transport has been restricted in 144 of the worst-hit areas, including in Beijing where at least three new cases were reported. Meanwhile, Beijing has suspended issuing travel documents to residents to travel abroad, fearing they may bring the virus back with them upon their return.

Beijing’s latest de facto international travel ban contrasts with the mandatory quarantine order being reinstated across Hong Kong and Macau on arrivals from mainland China, as both territories are shoring up defenses to fend off any inflow of new cases. Macau is already testing all its residents after a student contracted the virus on the mainland and infected her parents after she returned.

Read more at “China clamps down as Covid surges far and wide”

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