this post was submitted on 15 Dec 2025
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Image is of Donald Trump, Paul Kagame, and Felix Tshisekedi signing a peace deal in Washington DC on December 4th.


On December 4th, Rwanda's Paul Kagame and the DRC's Felix Tshisekedi signed the Washington Accords for Peace and Prosperity (pictured above). Trump boasted that he was settling a war that had gone on for decades, and remarked, idiosyncratically, "[...] and now they’re going to spend a lot of time hugging, holding hands [...]"

A few days later, the M23 militia (backed by Rwanda) advanced into Uvira, a city near the DRC's eastern border with Burundi and a major commercial and strategic location in the region. Burundi, although a small country, is a significant ally to the DRC and has sent thousands of soldiers to aid them during conflicts; this offensive by M23 aims to cut off a direct route between the two, though they do still share quite a long border over Lake Tanganyika. Tens of thousands of civilians (possibly up to 200,000) fled as M23 approached.

Signed almost simultaneously with the Accords was a Strategic Partnership Agreement between the DRC and the United States, which effectively threw open its critical minerals in the east to American exploitation. These minerals include tin, tungsten, and tantalum, which is vital for many industries. The irony is that M23 has been taking territory in the eastern DRC in order to transport these very minerals to Rwanda and onwards to global supply chains. Signing the Accord was, therefore, a remarkably pointless endeavour for everybody involved. Burundi and the DRC have complained, calling for sanctions on Rwanda, and appeasing to Trump's pride, calling this a "slap in the face to the United States", though I doubt the US is ultimately all that bothered about it one way or another.


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[–] SexUnderSocialism@hexbear.net 70 points 5 days ago* (last edited 5 days ago) (6 children)

"Expanding Domestic Demand Is a Strategic Choice"

Even stronger political signaling from Xi Jinping on the urgency of fixing China’s consumption + domestic demand shortfall problem. In a new Qiushi article published today titled “Expanding Domestic Demand Is a Strategic Choice,” Xi elevates weak domestic demand to a core issue of economic stability and security, making clear that the pivot toward domestic demand is no longer optional. The piece is very direct in identifying insufficient domestic demand as the most pressing problem facing the economy and calls for moving faster to close the consumption gap so domestic demand can become the main engine and anchor of growth: 扩大内需既关系经济稳定,也关系经济安全,不是权宜之计,而是战略之举... 要加快补上内需特别是消费短板,使内需成为拉动经济增长的主动力和稳定锚...

Xi then argues that the real advantage of a big economy like China lies in its ability in domestic circulation, stressing that stronger domestic demand does not contradict opening up but instead strengthens China’s position in global competition: 大国经济的优势就是内部可循环... 要牢牢把握扩大内需这一战略基点... 更多依托国内市场实现良性循环 扩大内需和扩大开放并不矛盾... 国内循环越顺畅,越能形成对全球资源要素的引力场,越有利于构建新发展格局,越有利于形成参与国际竞争和合作新优势

The article then puts particular weight on consumption, emphasizing that boosting demand ultimately depends on: employment, social security, and redistribution, especially expanding the middle-income group so households both can spend and feel secure enough to do so: 扩大消费最根本的是促进就业,完善社保,优化收入分配结构,扩大中等收入群体,扎实推进共同富裕。 要建立和完善扩大居民消费的长效机制,使居民有稳定收入能消费、没有后顾之忧敢消费、消费环境优获得感强愿消费

Then Xi calls for more disciplined** investment, prioritizing new infrastructure, high-tech manufacturing, strategic emerging industries, reviving private investment, etc. 要完善扩大投资机制,拓展有效投资空间,适度超前部署新型基础设施建设,扩大高技术产业和战略性新兴产业投资,持续激发民间投资活力

One thing to note: the piece links domestic demand with supply-side reform, arguing that higher-quality, more self-reliant supply must not only meet existing demand but also actively create new demand, etc. So the near-term policy levers are still likely to be on the supply side.

Source

I'm tagging you here @xiaohongshu@hexbear.net, because this is a topic you often bring up regarding China's low domestic demand problem, so I'm interested in your take on this.

[–] FuckyWucky@hexbear.net 19 points 4 days ago

At least they're acknowledging there is a problem even if there is no proper solution. That's more than what many Global South countries are doing.

One thing to note: the piece links domestic demand with supply-side reform, arguing that higher-quality, more self-reliant supply must not only meet existing demand but also actively create new demand, etc.

Says "Law" mention matt

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