China Triumphant

Michael Backman

Chapter Chapter 3 in Inside Knowledge, 2005, pp 21-30 from Palgrave Macmillan

Abstract: Abstract China’s leaders once made pronouncements about the workers’ struggle and the need for the bourgeoisie to be smashed. Now all they ever seem to hold forth on is whether the Chinese economy will have a hard or soft landing, whether the yuan will be revalued, and foreign resource deals. The leadership now is pragmatic and increasingly economically literate. And their party, the Chinese Communist Party, ought to be renamed the Chinese Party, for it’s nationalism now that is the force that binds China together. No longer is it Communism and class struggle. Nationalism, pragmatism, and preserving their own power at all costs: these are the three characteristics that can be used to explain the behavior of China’s leadership today and predict what it will do in future. Little else matters.

Keywords: Foreign Direct Investment; Chinese Communist Party; Christmas Tree; Inside Knowledge; Taiwan Independence (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52239-8_3

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DOI: 10.1057/9780230522398_3

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