China plans world economic takeover
China wants to dominate the world through ideology, economics, diplomacy and influence. This is known as soft power.
Chinese armies are not likely to be occupying New York, but it still has formidable human resource potential. Put simply, it has numbers. But numbers are not good if they lack quality. China spends inordinate amounts of effort suppression large elements of its own population.
China has set its eyes on taking on and overtaking the world’s top economies. The one party state has announced plans it wishes to exceed the US by 2035.
Xi Jinping and Li Keqiang attended the opening ceremony of the National People’s Congress at the Great Hall of the People in Beijing where Chinese leaders outlined their grand scheme.
They announced their goal of overtaking the US as the world’s biggest economy by 2035, increasing spending on research and technology innovation. China’s announcement is in the face of American sanctions which threaten to cut deep into China’s gargantuan economy.
Premier Li Keqiang announced their ambitious growth target of “above 6 per cent” for 2021 in a major address delivered to more than 2000 of the totalitarian state’s political elite, including President Xi Jinping.
But a greater focus of Mr Li’s speech in Beijing’s Great Hall of the People were details of the leadership group’s longer term plan to double the size of its economy in the next 15 years, an ambitious target flagged by Mr Xi last November.
In the communistic regime’s work output report — their budget — Mr Li outlined a move toward “innovation” and “technology self-sufficiency” as key priorities, committing to increase China’s research and development funding by “at least 7 per cent” over the next five years.
“We will improve our strategic scientific and technological strength,” China’s second-highest-ranking leader said.
Australian commentators have responded that China’s announcements are empty rhetoric, requiring increasingly oppressive conditions in communal science workhouses and research facilities where workers are forced to work long shifts without breaks in order to come up with imitations of Japanese and American technologies.
“China’s forced method of innovation is as innovative as you can imagine,” one commentator said. “It is the equivalent of forcing chimney sweeps from Dickens’ London to invent a vacuum cleaner.”
Mr Xi’s leadership regime is attempting to reduce vulnerability to US-led supply chains after the Trump presidency kept China under pressure and nobbled their state owned s tech giants, including Huawei and ZTE.
The suppressive “people’s war” on COVID-19 brutally brought the pandemic under control within China’s borders. While China targeted the infected, Western nations put blanket bans in place hurting their economies. As a result China was the only major economy to grow in 2020, while other nations floundered, particularly the US in face of fraudulent activities around the Biden election win. China’s position within the UN, alignment with left wing ideals like the climate change agenda and its benefit from Western uncertainties over cancel culture and wokeness have imbued tremendous confidence in China’s leaders ahead of the 100th anniversary of the Chinese Communist Party’s founding in July.
Shen Yi, a professor at Fudan University‘s School of International Relations and Public Affairs, told state media ahead of Mr Li’s speech that China’s future plans were so ambitious that the “falling US” can no longer serve as the international standard. “It may be a bit aggressive but when we talk about 2035 we are just competing with ourselves,” Professor Shen said.
Damien Ma, the director of the American0based MacroPolo thinktank, said China’s goal to overtake the US as the world’s biggest economy was carefully crafted so that no one could nail down a specific instance where they made the statement categorically. With its sensitivity to propaganda, Beijing has to sound strong no matter what happens.
Advisers to China’s government have admitted that their plan would require its economy to grow annually by almost 5 per cent over the next 15 years. This of course is a very unlikely scenario.
China and the US are opposites in many ways, ideologically, geographically and culturally. China therefore is viewing the US as its arch-enemy, and that its economic struggle is itself being following in a militaristic way. China is in some way acting in its own national self-interest rather than international interests, which ironically is one of its criticisms of the USA.
Experts said China’s focus on innovation and technological self-sufficiency would not solve its GDP growth problem in coming years.
“South Korea became much more innovative but its growth rate was cut in half,” said Yukon Huang, a Washington-based senior fellow with the Asia program at the Carnegie Endowment for International Peace.
“In the last 10 years, South Korea’s growth rate has been somewhere close to 3 per cent, (lower than) it used to be,” he told the South China Morning Post.
In his work report, Mr Li confirmed major changes to Hong Kong’s political system were imminent, although he gave no specific details on changes to ensure only Chinese plants are involved in the city’s government. This is an ominous warning against the democratic freedom fighters within Hong Kong as well as Western sympathies there.
Details of the changes to Hong Kong’s political system may not emerge until after the completion of the National People’s Congress, China’s peak legislature, which sits in Beijing until next Thursday.
China’s Hong Kong leaders will be fully committed to co-operate with Beijing making any democracy a farce.
China will increase its official military budget by 6.8 per cent to 1.355 trillion yuan ($270bn) in 2021. This compares to 6.6 per cent growth last year, which was the slowest growth rate since 1989. Overseas analysts believe the actual military spend is much higher, as it excludes many off budget items such as secret cyber cells and hacking labs.
Mr Li also repeated China’s desire to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, a 12-country trade agreement that includes Australia and was championed by the US as a way of countering China’s economic influence in the Asia-Pacific region. To join the trade pact, China would need the endorsement of all members, including Australia.
Australia is currently unwilling to view China in a favourable way after China criticised Australians and blocked Australian exports to China.