Unveiling China's power struggle: 'princeling' Xi pushing aside collective leadership

Tuesday, March 22nd 2016 - 15:58 UTC

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By Gwynne Dyer

Opening the National People's Congress in Beijing, Prime Minister Li Keqiang set China's growth target for the coming year at 6.5-7 per cent, the lowest in decades. Only two years ago, he said 7% was the lowest acceptable growth rate, but he has had to eat his words. He really isn't in charge of very much anymore. Read full article

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Brasileiro
Bullshit! China is the richest country in the world and is concentrating the formation of international reserves of the world's countries.

China may make mistakes thousands of times and yet the United States and the European Union will break before.
Mar 22nd, 2016 - 05:04 pm - Link - Report abuse 0
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Lucifer
China is about 6 mos away from having serious cash flow problems.
The Zombie banks and Zombie SOE can't not be supported any longer.

It will break into semi autonomous regions

I wonder who will control the military then?
Mar 22nd, 2016 - 05:34 pm - Link - Report abuse 0
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Lord Lucan
China has tanked recently. Those countries dependent on its commodity consumption are in a bit of trouble - Peru, Chile, Brazil, Russia etc

Why? Because ultimately Americans and Europeans buy Chinese goods and market saturation has arrived. The newest iPhone is just like the oldest ones but slightly faster. Only the iSheep will buy it . Its over until the next big thing.

Meanwhile the US and Britain power ahead.
Mar 22nd, 2016 - 05:40 pm - Link - Report abuse 0
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Lucifer
China is like a kid with an unlimited credit card that doesn't realize the bill is coming due.
The smoke and mirrors are not working any longer and the peasants are restless.
Mar 22nd, 2016 - 06:08 pm - Link - Report abuse 0
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Skip
China's working age cohort has been shrinking for the past 4 years. It has already dropped 10 million. Total population contraction was supposed to happen close to 2040...... then 2030..... then 2025...... then 2020...... and now some are etinaying they it is due this year or next.

China will be big and powerful. But it won't be the biggest and most powerful. Just one of several. It will be dealing with this debt binge for decades like Japan and then dealing with such a rapidly shrinking population that foreign crusades will be too expensive.

Sorry Brasileiro you bet on the wrong horse.

India's the next boom game in town and thankfully Australia is already hitching our wagon to that upcoming boom.
Mar 22nd, 2016 - 08:35 pm - Link - Report abuse 0
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