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hey welcome to Crossroads the Chinese economy has reached a Breaking Point trade Wars splitting Global alliances internal instability all of this is looking to make the problems even worse and now attention is Shifting to a top meeting right now taking place among the heads of the Chinese Communist party this is their third plenum from July 15th to July 18th and it’s going to look to establish the future economic direction of the regime now I want to go deeper into this because this actually impacts not just the direction of again the Chinese economy but the nature of what it’s doing and based on the information I’m seeing it looks like they’re going to try to revive Mau era type policies let me show you what’s happening on the surface first so the guardian says China’s president Xi Jinping will oversee the ruling communist party’s secretive third Plum they don’t make it public it’s secret which usually takes place every 5 years in October though Beijing has offered few hints about what might be on the table it says State media in June said the delayed 4-day Gathering would primarily examine issues related to further comprehensively deepening reform and advanced Chinese modernization and Xi Jinping has said the party is planning quote major reforms now look the meeting is behind closed doors we will not actually know what they say behind the those closed doors but what we’re going to get is when they finish and they come out and give the announcement we’ll get an idea after again when they announce the surface narratives for the New Economic Policy and there’s been a lot of chatter so far about you know what’s really going to happen with it and whether they’re going to make any real changes that could actually fix things which again has gone the whole breath of stances on the CCP depending which media you’re reading a lot of the news has touted ideas on what the CCP could do to try to save parts of its economy but many of them also note in the same breath that you know clear-headed terms frankly that the CCP would probably not adopt these ideas the reality that many are seeing right now is that the Chinese Communist party has actually already announced some of its new trade policies it’s looking at a type of you know quote unquote self-reliance things heading in the direction of separation from the West the United States in Western Europe and the free world as a whole and they’re turning instead to try to deepen trade among partner nations with a new type of Global Alliance right EUR Asian countries a lot of the Muslim world uh of course Russia and Iran and these types of countries now personally I’d say the factor that needs to be taken into account is this the Chinese Communist party has been moving away from the so-called reform and opening up policies that marked its move to the global market now brief history on this what happened China of course under the Communist party used to be under madong he of course led a lot of the Communist revolutionary policies established what has become the Chinese Communist party we know today to an extent and of course the ideas of maoism and Global Revolution the whole using of the minorities to spark you know social movements and so on maoism uh under ma under maidong the Chinese Communist Party had a system where the government controlled everything more directly the Farms the businesses they were under the military when they decided to change this it was at a time when the Soviet Union was collapsing you know around the time of the late 80s right ‘ 89 and the early 90s and what happened essentially was this the Berlin Wall fell there were political movements in China where people were demanding democracy students gathered on the streets in Beijing demanding that they follow the same is happening in the Soviet Union and then the CCP massacred them they slaughtered them that was the tanaman Square massacre and after that then they realized hey it was bad PR for the whole world the CCP was getting a bad image they decided to change things to adapt the Chinese Communist party to the changes taking place in the whole kind of global environment and the way that communism was essentially forced to defend itself people want wanted democracy people wanted the free market and the again communist block fell apart as a way of saving itself the CCP did what they called reform and opening up they kept the Communist party they kept a lot of the same communist principles but they adopted the free market and that was under Den shiao ping he was the communist leader after Mao tatong and Deng Xiao ping had many statements such as um you know hide your strength in abide your time meaning you know they’re still communist they’re still have the same goals but they’re going to hide their strength in just wait and what the CCP did in the meantime was got trade deals with the whole world they got most favored nation trading status from the United States they’re given access to the World Trade Organization they got trade benefits left and right because in America they were thinking make China less communist by making them more capitalist it’s a simple plan but behind the scenes what the CCP did was rather than having businesses under the control of the military they just created corporations and made the Chinese Communist Party the majority shareholder in the businesses they integrated the Communist system into the free market principles and as time has gone on through subsidies and you know kind of malicious trade practice as it say uh whether it’s currency manipulation or whether it’s you know economic theft or the form of cyber attacks the CCP has used the markets to not only maintain power within China but to even subjugate a lot of the rest of the world things like again the debt traps of the one belt one road initiative things like for example currency manipulation impacting the US getting American investment firms to even put pensions of American government workers into the Chinese economy things like this have allowed the CCP to grow and to gain power what is now happening though is that these policies have reached the dead end the Chinese Communist part is seemingly understanding this and given the current circumstance where the CCP is getting sidelined by again the Free World yet again because you know it’s backing Russia and it’s getting more aggressive on the world stage other countries is starting to realize that the Communist party is still the Communist Party the CCP of ma is the CCP of today and Xi Jinping is of course Reviving a lot of the communist policies that we saw under maidong the purges the types of reforms taking place within the party itself consolidation of power and we’re looking like now they’re going to bring that type of policy into the economic sphere that’s what’s now taking place again you know the new Global alliances and agreements being formed look more like the trade agreements that the Chinese Communist Party had during the Cold War you know the days of the old senos Soviet Alliance and with the CCP right now facing growing pressure from the Free World you know including the United States and NATO allies now saying that the Chinese Communist party is going to face additional trade punishments because it’s enabling Russia’s war in Ukraine and they’re seeing that you know the CCP is what is allowing it to happen enabling the war the only way to stop it is to go after the CCP and their money notably every sign points to the policies in the CCB on its economy getting worse not better and even without the whole Cold War you know part two possibility the economic problems the CCB is facing regardless they’re really serious they’re not easy to fix without some really Extreme Measures that would have Ripple effects elsewhere and the regime seems to know this now for the CCP this big meeting they’re having right now could represent a pivotal shift I’d say the chatter from inside China hints at this this is the East Asia form of what they’re saying they say nearly 46 years ago the third plenum of the 11th party Congress in China of course in December of 1978 decided to undertake China’s economic reform since then some of the past 8 third plenum has maintained the tradition of focusing on economic reform China’s pollit Bureau meeting on 30 April suggests that the key theme of the upcoming Plum the one happening right now include deepening comprehensive reforms and modernization it set out a policy report approach of running toward the problem and focusing on correcting it instead of adopting a grand scale liberalization policy the plenum is more likely to announce policy measures to overcome some of the specific bottlenecks to sustainable growth and I’ll explain what this means in a moment but they also add this they say the biggest factor in China’s economic success during the past decades again under the D Shia ping shift was its transition from a centrally planned system communist type economics to a market economy capitalism while maintaining the Communist rule of course it says it also benefited greatly from conditions such as its low labor cost Advantage its demographic dividend and open international trade and investment regimes over the past 15 years or so these economic conditions have changed drastically in other words those changes that worked then they’re now saying they don’t work for China under the Communist Party meaning they have to change them to do something different and they add that noteworthy among these changes are the Aging of the population and the setback of globalization because the CCB wants that of course it says the plenum is likely to adopt policies that attempt to share more of the fruits of Economic Development with the Chinese populace one area of Reform is the possible easing of a official Urban residency for migrant workers some Market participants might feel disappointed that the plum will not announce a bold liberalization program they’re moving away from liberalization in other words and remember you know in communist speak when they talk about democracy and they talk about republics and the Free World they call it the liberal Democratic World Order and so moving away from liberalization in their Concepts means moving back to a more Hardline type system of Communism so like in other words we can expect the CCP to roll back some of those economic reforms that we saw under Deng Xiao ping again as they know it started in the late 70s and really kind of finalized in the early 90s and again that moved China out of the mauo era and rolled its economy onto the world stage and really what’s happening now instead of that we should expect the Chinese Communist party to go back to more ma era policies you know Hardline communist policies or some some analysts are framing it to share more of the fruits of Economic Development with the Chinese people because remember that’s The Narrative of Communism communism has almost always ran on the line of seizing things from the so-called you know wealthy and otherwise and giving it back to the people and the CCP is now using that same concept where the saying they need to share the fruits of Economic Development with the people again it’s the same basic narrative it’s just being framed a bit differently now I’ll be talking more about this after we get back from a quick break experts agree one of the best ways to protect against Financial uncertainty is to diversify your portfolio learn how physical gold and silver can secure your retirement funds from today’s economic challenges with a gold Ira from American hardford Gold you can Safeguard your wealth with no penalties or taxes when you transfer your current quality qualifying retirement accounts call now and our precious metals Specialists will send you a free information kit no cost or obligation American Harford gold a trusted industry leader with an A+ from the Better Business Bureau has a five-star rating from thousands of happy clients whether you are getting physical precious medals in a gold Ira or delivered to your doorstep we offer only the highest quality gold and silver for your peace of mind we also offer a no fee buyback commitment a low price guarantee along with free shipping and free insurance so don’t wait call the number on your screen today and secure your financial [Music] future welcome back is the collapse of the Chinese Communist Party inevitable well the Chinese Communist party is in a very delicate position right now there are a lot of problems the regime is facing you know the ccb’s military Ambitions in the South China Sea its new so-called security operations that it’s going to be holding with different countries the military push back from NATO right now the growing internal instability new pushes for purges within the political system the Communist Revival where she is again trying to create this new form of Communism under XI jingping thought uh getting rid of maoism notably moving towards what’s going to be like a XI Jing pism and of course you know economic instability coupled with outside trade Wars that are expected to expand even fur further and so the CCP economically they don’t have a lot of ways out now on the economy the problems are also multifaceted and very hard to fix any change is going to come at the cost of another issue and even then may not be enough to actually fix things enough to bounce back the problem with the whole self-reliance policy the CCB is rolling out right now because that’s what it’s saying you know internally right now the shift they’re doing under Xi Jinping th is they want to have the Chinese Communist Party able to manufacture things and produce things for the domestic Market they don’t need the outside world they don’t need Western chips they don’t need the Western Market they’re willing to cut themselves off but they have some real problems with that because that policy is already failing the Communist party’s heavy Reliance on real estate because about a third of their economy used to be in real estate that reached the limits of its bubble because the CC P was just taking out bank loans funding Mega projects to build infrastructure and they built so much of it nobody could use it that created a huge bubble and not only did it create a bubble within the markets it’s even now causing chaos in the banking and Loan system because they’re not paying off the loans that is reaching a crisis on the ccb’s other big policy you know manufacturing and about another third of their economy that has also reached the limits of its bubble because look under the old policies what the CCP did it became the manufacturing Hub of the world it was cheap manufacturing you get you could get your stuff made cheaper in China its focus was on mass production and that was meant for the global economy that was anticipating to be exporting to every country on the face of the Earth the CCP is now losing that global economy they’re now losing the factories they’re seeing companies you know drisk Ing and pulling out of China they’re seeing investment leave they’re seeing other countries saying it’s too dangerous too risky and not economically useful enough to try to take that risk they don’t want to do it now that has had major problems as well because while the CCB is still manufacturing all the products and still manufacturing all these Goods with the anticipation of exporting them they have a surplus and what’s happening right now is that the Chinese people are not not buying it the rest of the world isn’t buying it so much and so they have Goods just building up it’s so much so that it’s trying to dump these Goods now in other countries at a cheaper price just trying to do fire sale prices and the governments of other countries including the United States including countries in the European Union they’re starting to block those dumping you know activities with anti-dumping measures as they call them so the Chinese Communist Party really what’s happening now is they’re left with third world trading partners who actually compete with the CCP for cheap Manufacturing in some instances and also with the new you know focus on domestic markets at a time notably when the Chinese people don’t seem interested in buying the Chinese people are not consuming at the rate the CCP would need them to to sustain this new model in other words the ccp’s economy looks like it’s reached its dead end it can’t move anymore it seems like CCP leaders are already hinting at this actually they’re preparing not just the Chinese people but also Western investors for what is very likely going to come from this current meeting happening right now as we speak Financial Times said this in the past the Chinese Communist party has issued the third plenary session of its Central Committee its Elite leadership body to address the most important economic issues of the day in 1978 Deng sha ping used the meeting to launch China’s post madong era reform and opening up drive and as that some experts argue similarly bold action is needed now to Kickstart domestic demand and prevent the world’s second biggest economy from falling into a deflationary spiral but it says that at a recent World economic Forum event known as the summer Davos in the northeastern Seaside city of dalion in China by the way Premier Lee Chang again one of the CCP leaders signaled that no shock therapy would be forthcoming they can’t revive it it says in the wake of the pandemic China’s economy was like a patient recovering from a serious illness Lee said and he said quote according to Chinese medical Theory at this time we cannot use strong medicine we should precisely adjust and slowly nurture the economy allowing the body to gradually recover they’re not going to fix it quick now like another key issue being raised right now is the struggles within the Communist Party itself and the basic point that even if the CCP releases some of these lofty plans right it may not actually work to fix things they’re acknowledging this is going to be a long road if it can even fix things in the first place the focus is survival of the party Reuters said this China’s leaders will seek to inject confidence in the economy at a highly anticipated meeting next week this week but conflicting goals such as boosting growth while cutting debt May mean little progress toward implementing change they note that further in China’s leaders have not shown how they can cut debt and stimulate growth get consumers to spend more while channeling resources to producers and infrastructure or increase urbanization while revitalizing urban areas and they say that as a result the communic at the end of the closed door meeting chaired by President XI jingping may contain lot y goals but offer few Pathways to them because they don’t have a lot of options frankly they say this could disappoint these financial markets and Global officials calling for China to change its growth model and again briefly on this why are they not changing the growth model it’s because some of the changes being recommended would mean damaging the Communist Party the focus for the CCP is always survival of the party party they M maintaining as well the Marxist leninist system and so if they were to drop that get rid of Marxism get rid of Communism it would mean the CCP had changed in nature and they will not do that they’re doing the opposite again they’re going back to the drawing book They’re going back to Marxism directly and they’re combining it with Xi Jinping thought the survival of the party is the priority not you know an economic bounceback they want to save the party the reality is the Chinese Communist party has already been trying to save its economy but the solutions are just plain old not working there are several issues going on at the same time you know each of these individually would represent a significant crisis and the problem is the CCP has turned to shortcuts scams and state tyranny as a way of doing business for so long that these policies are finally catching up with it we talking more about how the ccp’s attempts to save its economy are not working exclusively on epct tv.com it’s the uncensored streaming platform of The Epic Times so if you’re watching on YouTube Facebook X Rumble there’s a link in the description below that you can get access to just click through and get the rest of this episode and not only we get my whole library of shows but also our family-friendly movies premium investigative reports and our hard-hitting documentaries on issues that matter like the Chinese Communist party’s 100 years plan to defeat the United States which I expose in my documentary The Final War the CCB is one of the biggest threats to America and it’s playing the long game against us by infiltrating and subverting the systems that underpin our country and the ccp’s unrestricted war against our country is one of the scariest but least understood issues of our time now I spent over a decade investigating the ccp’s subversion and it’s such an important issue that I’ve dedicated my career to warning people about the threats of the CCP if you like to find out more about what exactly the CCP is plotting against America then watch the final war you can find the link in the description below and I’ll show you all the trailer before we go exclusively to epct tv.com for the rest of this episode I’ll see you there the greatest threat facing the United States is the CCP The Epic Times investigation team had studied the CCP for years but what we uncover was yielding evidence beyond our imagination with chairman ma with the Prime Minister our talks have been characterized by frankness the Clinton Administration said oh don’t worry about it this will be a poison pill for China China’s strategic goal is to make sure that the US has four enemies and one of them must be a terrorist group we are giving of our life’s blood so that the Chinese Communist Party can survive and thrive
Video Title: Is China Rolling Back to a Mao-Era Economy?
Video Tags: CCP,China,Chinese Communist Party,Chinese economy,breaking point,Trade wars,global alliances,internal instability,Third Plenum,future economic direction,Crossroads,joshua philipp epoch times,crossroads,news,crossroads with joshua philipp,epoch times,documentary,the epoch times,live joshua philipp,Live Q&A joshua philipp,epochtv news,epoch, #China #Rolling #MaoEra #Economy
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Video Date: 2024-07-17 08:28:06
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