China’s Parliament to Roll Out Road Map to Overtake U.S. Economy
Japanese newspaper Nikkei: “By the end of that road map, in 2035, China sees itself replacing the U.S. as the world’s largest economy.”
Chinese President Xi Jinping’s hand-picked parliament is about to roll out a road map to overtake the U.S. economy when it meets on March 5 in Beijing, Asian newspapers report.
The National People’s Congress, the rubber-stamp Communist legislative body, is set to announce a fifteen-year plan to surpass the U.S. as the world’s biggest economy, the leading Japanese business newspaper Nikkei reported Saturday.
According to the Japanese newspaper, “[b]y the end of that road map, in 2035, China sees itself replacing the U.S. as the world’s largest economy.”
The road map is part of Beijing’s strategy of geopolitical and economic dominance. Last month, a senior Chinese Communist party official, Chen Yixin, described Beijing’s struggle with the U.S. as “both a skirmish and a protracted war.”
With President Donald Trump out of the White House and the world battling the Wuhan coronavirus, the “changes of the international landscape are in our favor,” declared Yixin, who is regarded by many as Xi Jinping’s likely successor.
The Japanese daily Nikkei reported the details of the Communist regime’s economic plan:
When China convenes the most important event on its political calendar, the annual National People’s Congress, on March 5, it will approve a long-term plan spanning 15 years. By the end of that road map, in 2035, China sees itself replacing the U.S. as the world’s largest economy.
The NPC — China’s parliament — will also move to quash any criticism of the Communist Party, weighing major electoral changes for Hong Kong to ensure that the territory is firmly under the control of Chinese “patriots.”
The two-week session of the NPC and the Chinese People’s Political Consultative Conference, an advisory body, comes a little over a month after the inauguration of U.S. President Joe Biden. With the new American administration aiming to align allies and partners to form a united front to face a “strategic competition” with China, the NPC will come under extreme scrutiny as a window into Beijing’s policies over the next five years and beyond.
The Communist Party’s Politburo on Friday discussed the details of China’s next five-year plan, which runs through 2025, as well as long-term goals through 2035 and the annual government work report to be delivered at the congress. (…)
That economy will rely less on external demand and be supported by domestic consumption.
While the world economy is reeling from the Wuhan pandemic and its aftermath, China has been the biggest economic beneficiary of the global outbreak. “China was the only major economy to grow in 2020, having largely brought COVID-19 under control ahead of the U.S. and others, the Nikkei noted. “Chinese real gross domestic product is expected to climb around 8% in 2021.”
China’s neighbors are already getting the foretaste of a world dominated by the Communist regime. With its growing economic clout, Beijing has embarked on a series of military adventures with several neighboring countries.
In June 2020, China’s People Liberation Army (PLA) invaded India along the shares Himalayan border and occupied a strategic valley. This was China’s biggest and deadliest military escalation with New Delhi since the war of 1962.
Last month, Chinese bombers and fighter jets carried out a large-scale incursion into Taiwan’s airspace, an island nation that Beijing sees as a renegade province.
Just days after President Joe Biden took office, Xi Jinping ordered the Chinese coastguard to fire on foreign ships on “disputed” waters, a threat directed at Japan and other neighbors who have maritime disputes with China.
If there are any lingering doubts that Communist China might be gearing up for a military showdown, the PLA has created army and naval bases on artificially created islands in the South China Sea. The islands are built in disputed waters, trampling on the sovereignty of many of its neighbors, including the Philippines, Vietnam, Malaysia, Brunei, and Taiwan.
Sky News Australia: “Joe Biden is sending ‘terrible sign of weakness'”
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Comments
Because government plans to grow the economy ALWAYS work!
Your kidding me right? China has grown by at least 7% every year for decades. On that metric alone they are doing pretty well. You should try and remember that they are a rapidly developing nation with a huge population and considerable resources along with a a ruthless streak.
How’s things in UK, Mark? Does Brittania still rule the waves? More than half of Brits think the country is in decline and are significantly pessimistic about the lives of future generations, according to a new poll.
57 per cent of people believe the UK is going downhill, while nearly one in five think the slump is “irreversible” and two-thirds feel the economy is rigged for the rich and powerful.
Maybe you should move to China, Mark. Things are great there.
Most of their growth is based on terrible credit policies. If you look at their debt numbers, they are over 300% of their total economy. Where they are makes America and Europe right before their crashes look like sunshine and rainbows, and this in a country that has almost no native capital generating capability.
Their economy is largely tied to manufacturing cheap crap for other countries. They don’t innovate, instead relying on the theft of inventions of other countries. They lack many resources needed to fuel such an economy, including, well… fuel.
A 7% growth rate, year after year, decade after decade, is simply unsustainable. China is a BUBBLE, Mark.
Partially true, particularly with regard to theft of intellectual property. You, User P and Ironclaw mistake my statement as supportive of China I’m merely pointing out that they plan ahead and have developed very rapidly. They have planned ahead for decades so McGhee statement “Because government plans to grow the economy ALWAYS work!” just doesn’t seem reflective of reality.
With regard to the point about innovation based on the number of patents id suggest that they are doing quite well. I’m not sure what other metric you could use to judge innovation. Clearly its hard to judge the quality of patents too.
https://www.statista.com/statistics/256845/ranking-of-the-10-countries-who-filed-the-most-international-patent-applications/
I think the overall point I’m getting at is a general underestimation of China, I’m not a fan but that doesn’t change the fact that they are very successful.
Failure of central planning may not be instantaneous, but it is inevitable.
China is no more an exception than either the UK or the U.S.
@McGhee
Well China has managed to map out a long term set of goals. The advantage China has is not having to adhere to an election cycle. The UK is prone to having one government tear down the previous governments achievements and the US is the same. How much time did Trump waste trying to dismantle Obamacare and various Democrat policies instead of actually doing anything. That’s not a criticism per se of Trump just a fact of life when it comes to a two party system.
This is misdirection. Their actual plan involves intellectual property theft, military intimidation, bribery and extensive use of slave labor.
Exactly….it takes time to buy off and steal. The USA hasn’t been transformed into a socialist lap dog … but it’s getting there. It is what’s done with the money that counts.
China has been on a pathway to overtake the US for awhile. it’s still pretty ambitious though and a sign that they have growing confidence. It’s also pretty apparent that the west as a whole hasn’t really grappled with what to do with China. Policies are way too short term whereas China consistently plans ahead.
mark I know that your buddies on the left are in love with China and all the money they make through the backdoors of corruption therein, but you could try to hold your hero worship down just a bit. I guess you like being an obvious troll, though.
As for your praises, they are quite a bit shortsighted. One side of the political spectrum is willing to fight and stand up to China…the other not only will capitulate but wheels and deals on greed to get their cuts. The reason that side always wants to give away money is because it’s funny money to them. It won’t cost them a dime and they have their seat at China’s kids table all locked up.
Did you actually read what I wrote? Where did I praise China. You seem rather prone to conflating observation with something else entirely. Perhaps instead of attacking others you might want to think about what’s written.
Centrally-planned economies always fail in the long run. Their real plan is to reach economic predominance by getting their rivals to destroy their own economies, and it’s already well underway: (1) Getting the US, EU, etc., to shut down much of their economies due to COVID. (2) Subverting the US so we elected a senile puppet for would-be central planners as President. We will soon be seeing not only greatly increased central planning, but with rank incompetence.
(3) They have also been openly working to undermine universities in the US, Australia, and elsewhere. They pay for a Chinese-studies department within a university, then demand it spread lies and that the administration suppress the truth about China in other departments, or they’ll stop the funding. The long term goal is not so much to improve the reputation of China as simply to get the university to support obvious falsehoods and thus destroy itself.
America has rotted from within to a point of no return in any of our lifetimes – even if you are a toddler.
Let’s leave the rot behind and start anew. We’d be in paradise.
How hard will that be with Beijing Biden and Fauxi gutting the economy from this end?
All of this with the blessing of the Democrats. I guess they’re laughing (all the way to the bank!!)!
China’s Roadmap to overtake US economy:
1. Get Biden Elected
2. __________________
profit?
1. Project Wuhan to shut down US economy
2. Elect Biden who will undo Trump’s policies
3. Increase sales of worthless make in China shit to US consumers.
4. Rake in the money
Xi and the Chinese communists are emboldened and are planning big things, and, why shouldn’t they? From brazen and unpunished trade and intellectual property theft; to increasing, unchallenged military belligerence in the South China Sea; to a successful usury/influence program in emerging markets countries, via the “Belt and Road” initiative; to a wildly successful, transparently intentional deployment of the Wuhan virus bioweapon — without receiving blame, much less punishment — to help unseat President Trump and to install corrupt, dim-witted, mendacious, avaricious, feeble, tottering, compliant, meek, emasculated Chairman “Big Guy” Xi-den —
to paraphrase a gloating Emperor Palpatine, in “the Return of the Jedi” — “Everything that has transpired has done so according to Xi’s design.”
I thought that road map was rolled out after the rigging of the 2018 elections.
With their man in the White House, the Deep State digging in their pockets for handouts, their goal will be largely achieved in 4 years,complete if they have 8.