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This person is a grifter. I will never figure out why the people who copy paste mainstream econ theory get so play in the pro-China circles.

China has been doing this rethorical "pivot" since 2023 and the Biden's escalation, all the way back to the whole Chinese unfair "overcapacity" shit when the US-EU complained that Chinese renewables and EVs were too competitive. I mentioned this several times over the last 2 years now.

Biden complains, Yellen goes to China and suddenly the CPC agrees that they need to do garbage mainstream econ theory i.e consumption stimulus nonsense because suddenly their economy is "failing". By the end of 2024 the CPC are patting themselves on the back because they're doing fiscal stimulus to please foreign investors, begging wall Street to come back and laying the blame on China's own renewable industry for being "too" competitive.. Gotta love state media glazing increasing foreign investment through fiscal stimulus as a massive W btw.

I'll make the case once again, this was Xi's meeting with all the highest-biggest tech CEOs earlier this year, explaining in detail how commited the CPC is towards the dengist reform path towards capitalism and how the capitalists right to exist is a fundamental right that isn't open to change.

Promote the healthy and high-quality development of the private economy

For decades, our Party's theory and practice regarding the understanding of the status and role of the private economy in reform and opening up and socialist modernization, as well as the Party and state's policies and guidelines on the development of the private economy, have been consistent and advanced with the times. ... The Party and state's basic policies and guidelines on the development of the private economy can be summarized as follows: The Communist Party of China leads the people in developing a socialist market economy. The non-public sector is an important component of my country's socialist market economy and is protected by the Constitution and laws. The Party and state uphold and improve the basic socialist economic system, unwaveringly consolidate and develop the public sector, and unwaveringly encourage, support, and guide the development of the non-public sector. The Party and state ensure that all types of economic ownership have equal access to production factors, fair participation in market competition, and equal legal protection in accordance with the law. They promote the complementary advantages and common development of all types of economic ownership, and foster the healthy development of the non-public sector and the healthy growth of individuals involved in it. These basic policies and guidelines have been incorporated into the socialist system with Chinese characteristics and are clearly reflected in the Constitution and the Party Constitution. We will consistently uphold and implement them. They cannot and will not change. This is a fundamental premise when we discuss promoting the development of the private economy.

1. In the new era and on a new journey, the private economy has broad prospects for development and great potential.

... Of course, we must also be clear-headed about the fact that the current development of the private economy does face some difficulties and challenges. The most prominent ones include: the surging new round of scientific and technological revolution and industrial transformation, which has had a significant impact on some private enterprises in traditional industries; some technology-oriented and export-oriented private enterprises facing difficulties; some private enterprises blindly diversify their development, lacking market control and poor management; in some places, the development environment for private enterprises is not favorable, and the implementation of policies and measures to promote the development of the private economy needs to be strengthened; and there is still some mixed understanding of the private economy in society.

How should we view and respond to the current difficulties and challenges? I believe that these difficulties and challenges, by and large, arise from the process of reform, development, and industrial transformation and upgrading, rather than from institutional factors. They are localized rather than systemic, temporary rather than long-term, and surmountable rather than unsolvable. Addressing these difficulties and challenges requires the concerted efforts of all relevant parties. For private enterprises, the key lies in diligently cultivating internal strength, carrying out reform and innovation, improving decision-making and management in production and operations, and continuously growing and strengthening themselves through transformation and upgrading, without fear or distraction. We must align our thoughts and actions with the Party Central Committee's assessment of the domestic and international situation and its decisions and arrangements for economic work. We must see a future, a bright future, and a bright future amidst difficulties and challenges, maintain our resolve and confidence in development, and maintain the spirit of striving for success.

II. Solidly implement policies and measures to promote the development of the private economy

First, we must resolutely remove all obstacles to equal access to production factors and fair participation in market competition in accordance with the law. This primarily involves market access, which means providing private enterprises with fair development opportunities. We must expedite the revision and issuance of a new negative list for market access, ensuring that the "entry unless prohibited" policy takes root.

Third, we must effectively protect the legitimate rights and interests of private enterprises and entrepreneurs in accordance with the law. This phrase has two key words: "legitimate rights and interests," emphasizing that legitimate rights and interests, not illegal interests, are protected; and "protect in accordance with the law," meaning that protection must comply with laws and regulations and must not be conducted with leniency. China is a socialist country under the rule of law, and illegal activities by businesses of all types must not evade investigation and punishment. We must accelerate the improvement of the benchmark system for administrative discretion in areas such as administrative penalties, standardize the filing, review, and jurisdiction of cases involving enterprises, strengthen law enforcement oversight, and focus on addressing arbitrary charges, fines, inspections, and seizures. We must resolutely prevent illegal, out-of-region enforcement and profit-seeking enforcement. Case review and law enforcement must be conducted in accordance with the law to minimize disruptions to the normal production and operations of enterprises.

I wont quote everything, not enough space, you can read disasters like this yourself.

So Xi meets with the capitalists and pats them on the back, with assurances that the good government got them covered and his only demand is nationalist pandering about corporate moral values like fucking Marx and every other communist would be turning on their own graves to even suggest such a thing exists.

In other serious words, more liberal market reforms, a stronger commitment to opening up to foreign international capitalist investment in all sectors. Xi assures you the Chinese economic problems caused by Chinese modern capitalism are not fundamental issues nor long term, but rather localized and short term.

This should be a very clear cut and obvious objection to any Marxist or even socialist-communist still holding out that China will look upon these worst aspects as a signal to advance towards communism. The point he makes about opening up, we've seen this trend continuing despite the US escalation and deterioration of global capitalism. China has continued to open up over Xi's term, cementing his desire to continue on the dengist capitalist path.

The 2025 market acess negative list and 2024 foreign investment negative list shows a sharp and steady trend towards complete opening up of the economy to domestic and foreign capital.

"High quality development" is the closest the CPC gets to their own economic mambo jumbo, it means in reality their own sugar coating of liberal market measures and reforms, including the stimulus packages we've seen.

My disagreement with people like xhs is exactly this pandering towards short term measures instead of addressing the worsening state of Chinese and global capitalism. Turning to feel good measures to fight the bad symptoms while continuing to press on the opening up is a massive rethorical contradiction.

My sad realization over these past few years is Dengism is the final destination, the CPC's only goal is better capitalism until it fails and someone else takes the revolutionary path from their hands, by force.

Opinions of grifters are irrelevant. the CPC is always honest in this regard, they have no shame or objection to tell us how much they love capitalism and it is our fault we don't care to listen.