Tag Archives: China

Previews: The Economist Magazine – August 26, 2023

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The Economist Magazine (August 26, 2023): This week’s issue features Xi’s failing model: Why he won’t fix China’s economy; Biden’s Asian alliance-building; Prigozhin’s death shows that Russia is a mafia state and more….

Why China’s economy won’t be fixed

An increasingly autocratic government is making bad decisions

Whatever has gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history. Farm reform, industrialisation and rising incomes lifted nearly 800m people out of extreme poverty. Having produced just a tenth as much as America in 1980, China’s economy is now about three-quarters the size. Yet instead of roaring back after the government abandoned its “zero-covid” policy at the end of 2022, it is lurching from one ditch to the next.

Prigozhin’s death shows that Russia is a mafia state

A healthy country uses justice to restore order. Mr Putin uses violence instead 

Yevgeny Prigozhin gives an address in camouflage and with a weapon in his hands in a desert area

As we published this editorial, it was not certain that Yevgeny Prigozhin’s private jet was shot down by Russian air-defences, or that the mutineer and mercenary boss was on board. But everyone believes that it was and that his death was a punishment of spectacular ruthlessness ordered by Russia’s president, Vladimir Putin. And that is the way Mr Putin likes it.

News: Republican Debate, BRICS Summit Putin Speech, Zimbabwe Election Delays

The Globalist Podcast, Thursday, August 24: Republican presidential candidates have their first debate in Milwaukee without Donald Trump, the latest from the BRICS summit in South Africa, after Putin addresses the bloc leaders virtually.

Plus: the Zimbabwe elections, a literary celebration of Ukrainian Independence Day and a Scandinavian shortage in Brussels.

News: Thailand’s Leader Affirmed, Dutch Politics, India Moon Landing Nears

The Globalist Podcast, Wednesday, August 23: Monocle’s Asia editor brings us the latest on Thailand’s new prime minister. Plus, we hear about the new party set to shake up Dutch politics, India’s imminent moon landing and a roundup of business news.

Preview: Foreign Affairs Magazine- SEPT/OCT 2023

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Foreign Affairs – September/October 2023: The issue features ‘The Desperation of the Dictators’; Why America and China Will Be Enduring Rivals; What It Will Take to Break Putinism’s Grip; Xi’s Age of Stagnation – The Great Walling-Off of China, and more…

Delusions of Détente

Why America and China Will Be Enduring Rivals

By Michael Beckley

With U.S.-Chinese relations worse than they have been in over 50 years, an old fairy tale has resurfaced: if only the United States would talk more to China and accommodate its rise, the two countries could live in peace. The story goes that with ample summitry, Washington could recognize Beijing’s redlines and restore crisis hotlines and cultural exchanges. Over time and through myriad points of face-to-face contact—in other words, reengagement—the two countries could settle into peaceful, if still competitive, coexistence.

The End of the Russian Idea

What It Will Take to Break Putinism’s Grip

By Andrei Kolesnikov

In June 17, 2023, Russian President Vladimir Putin staged a special ceremony on the St. Petersburg waterfront to mark the anniversary of three flags: the flag of the Russian Federation, otherwise known as Peter the Great’s tricolor, formally unfurled in 1693; the imperial Russian flag, introduced by Tsar Alexander II in 1858; and the Red Banner, the Soviet Union’s hammer and sickle, adopted by the Soviet state 100 years ago and later used by Joseph Stalin. Putin watched the event from a boat as the National Philharmonic and the St. Petersburg State Choir performed the national anthem, which, thanks to a law Putin enacted in 2000, has the same melody as its Stalin-era counterpart. 

News: BRICS Summit In South Africa, Australia Buys Tomahawk Missiles

The Globalist Podcast, Tuesday, August 22: We discuss the Brics summit in Johannesburg, the US sale of Tomahawk missiles to Australia and why Georgians are frustrated with Russian business owners.

Also, the latest developments in technology, a round-up of the news from Zürich and the backlog of ships in the Panama Canal.

Opinion: Germany Falters In EU, China’s Bitter Youth, Language Lessens With AI

‘Editor’s Picks’ Podcast (August 21, 2023) Three essential articles read aloud from the latest issue of The Economist. This week,  is Germany once again the sick man of Europe? Also, China’s disillusioned youth  (10:50) and why AI could make it less necessary to learn foreign languages (17:35).

Opinion: China’s Youth Has Sacrificed Freedoms, Now Learn To “Eat Bitterness”

For generations, the Chinese Communist Party has held on to power partly through an implicit bargain with its citizenry: Sacrifice your freedoms, and in exchange, we’ll guarantee ever-rising living standards.
That deal has not held up for today’s youths.
Opinion | Ignatius, Summers, Rampell, more discuss China's economy in  turmoil - The Washington Post

Until quite recently, China’s young people seemed poised to take on the world — and many of them appeared to believe they would. They’ve shown a streak of hyper-nationalism, stoked by the country’s leadership and reinforced by China’s growing economic and geopolitical strength.

China’s Gen Z came of age, after all, in the wake of the country’s accession to the World Trade Organization and amid a rapid rise in incomes.

President Xi Jinping has said young people must learn to “eat bitterness” (an idiom that roughly means to toughen up by enduring hardship). Today’s youths, leaders say, are not too good for manual labor or moving to the countryside — experiences Xi and his generation once had to endure.

China’s resilience after the financial crisis, particularly relative to the sluggish recovery across most of the West, suggested China and its citizens had nowhere to go but up. Political dysfunction in many of those same Western democracies, expertly exploited by Chinese propaganda, reinforced this perception.

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News: U.S., Japan & South Korea Trilateral Summit, Spain Political Alliances

The Globalist Podcast, Friday, August 18: The US, Japan and South Korea gather for unprecedented trilateral talks, Spain’s prime minister, Pedro Sanchez, makes a deal with the Catalan separatist party and World Cup fever takes over Brisbane ahead of Sunday’s final.

Plus: the latest papers from Zürich, a roundup of the climate news with Monocle’s Edmonton correspondent, Sheena Rossiter, and the rise of Brazilian wine.

Previews: The Economist Magazine – August 19, 2023

The Economist Magazine (August 19, 2023): This week’s issue features Why are China’s young people so disillusioned?; China’s defeated youth – When Xi Jinping plays down their individual aspirations in favour of the collective interest, he adds to their gloom.

Why are China’s young people so disillusioned?

Xi Jinping wants them to focus on the party’s goals. Many cannot see why they should

The crowd did not seem excited to see George Michael and Andrew Ridgeley. When Wham! became the first Western pop group to perform in Communist China, the audience was instructed to stay in their seats. It was 1985 and, despite appearances, the young people in attendance were in fact joyous. The country around them was by no means free, but it was starting to reform and open up. Over the next three decades the economy would grow at a rapid pace, producing new opportunities.

China’s defeated youth

Young Chinese have little hope for the future. Xi Jinping wants them to toughen up

A worker tests parts for e-cigarettes on a production line

In the southern city of Huizhou an electronics factory is hiring. The monthly salary on offer is between 4,500 and 6,000 yuan (or $620 and $830), enough to pay for food and essentials, but not much else. The advertisement says new employees are expected to “work hard and endure hardship”. The message might have resonated with Chinese of an older generation, many of whom worked long hours in poor conditions to give their children a brighter future. But many of those children now face similar drudgery—and are unwilling to endure it. “I can’t sit on an assembly line,” says Zhang, a 20-something barista with dyed-red hair at a local tea shop. He scoffs at the idea of making such sacrifices for so little gain. The job at the tea shop pays just 4,000 yuan a month, but he enjoys chatting up customers.

News: Maui Wildfire Relief, US-Iran Talks On Drones In Russia, China Economy

The Globalist Podcast, Thursday, August 17: How will Hawaii get back on its feet following treacherous wildfires?

Plus: the significance of South Africa’s meeting on the ‘moonshot pact’, why China’s economy is struggling and swimmers plunge into the Seine for the first time since 1923.