The CCP Absorbs China’s Private Sector

NEW YORK, September 7, 2023 - The Asia Society’s Center on U.S.-China Relations and the Hoover Institution’s project on China’s Global Sharp Power launch their new joint report, “The CCP Absorbs China’s Private Sector: Capitalism with Party Characteristics.” The report outlines the CCP’s massive endeavor to use private capital to bolster the party’s political authority in the country's economy while pursuing Xi Jinping’s ambition for a global superpower status. Report author and Hoover visiting fellow Matthew Johnson opens the program with an introduction to the report and a panel discussion follows featuring Yasheng Huang, Epoch Foundation professor of International Management  at the MIT Sloan School of Management; Orville Schell, vice president and Arthur Ross director of the Center on U.S.-China Relations at the Asia Society; and Anne Stevenson-Yang, founder and research director at J Capital Research. Glenn Tiffert, distinguished research fellow at the Hoover Institution, moderated the conversation. (1 hr., 37 min.)
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[@Banmuyuan]

In China the capital can’t dictate the government, unlike in a “democracy”.

[@chriswong9158]

Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice."

[@joejohnson6327]

The age of prosperity is over for ordinary people no matter where they live.

[@stevenfu8629]

Bullshit~ The whole world are the same~ It depends on if you are strong enough... Money control politic, use political power to get more interest, more money~ The world are no different~

[@toi_techno]

If you feel shut out of politics try going to a political meeting for once. Actually try to do something instead of complaining online.

[@user-gm8rk7uz2s]

​@@toi_technoEven in democratic country nowadays your voice doesn't matter at all, just look at what happened to the genocide of the palestinian and the people in US that voices their desire to defend the palestinian, does it change the way their government act at all? Don't just talk about democracy like it was the answer to everything

[@tsengenhu6494]

Arrogance breeds ignorance!

[@stephenyang2844]

Much nuanced criticism of the CCP, consider it allows unprecedent freedom except criticism of its rule to its citizens while enjoying 90% approval among them.

[@chriswong9158]

China today 2023 have 800 plus millions middle class (own home, car, vocation, night life, etc.) compare to USA of 325 millions population of all kind. You do the math. oh, by the way China is of 1.4 Billions..

[@atix50]

​@chriswong9158 Ch!na doesn't have a population of 800 million people. C0vid decimated the already inflated population. The average salaries have crashed again to below 3000 rmb and due to environmental laws, licenses for cars are raffled. At best, a middle-class Chinese person would need to earn MINIMUM 40000 rmb per month to be even considered lower middle class by Western standards.

[@atix50]

And home ownership is illegal in China. You can rent a concrete box in the sky for 30 to 70 years at about 33 times your yearly salary over your life time.

[@WWLooi-js8rl]

It shows the arrogance and bias of the West to call the Chinese government, "CCP" and regime, especially when it enjoys well over 90% approval of its people. Perhaps, we should call Biden administration as the Biden regime.

[@chriswong9158]

In US America, people can choose to change political party but can't change policy. In China, people can't just change their political party but they can change policy. For History has shown.

[@joejohnson6327]

History has shown that ordinary people don't matter anywhere.

[@howardsting5035]

I've lived in this country for over 50 years and had experienced the years of Mao, Deng, Jiang, Hu, and finally Xi. From my perspective Xi didn't change much from his predecessors like Hu and Jiang, as portrayed by these speakers, my life as a political nobody didn't change much either . My understanding is Xi had found the biggest flaws of his predecessors, like corruptions and unrestricted capitalism, and had the gut to restruct the party and challenge the vested interests. He might have taken bold actions which might not yet the expected results, but I never doubt about his intent.

[@user-kb4bo4vk3b]

您老几岁啊😂

[@justice9325]

Having been blind ?

[@felipearbustopotd]

​@@user-kb4bo4vk3b50+

[@brucehehehe]

He killed tens of millions jobs & make everyone in debt also

[@tonytan6547]

又来了一只狗@@justice9325

[@dashong8912]

Absorbs private sector? That's a good thing.

[@tonytan6547]

I think One should have much,much more confidence in dealing with China/companies than western countries/companies.

[@chriswong9158]

China take hold old Saying: What does not kill me, will make me stronger.

[@joejohnson6327]

@@chriswong9158 What doesn't kill people often makes them cripples.

[@samliew6610]

Just wonder Why a reputable society as this just can't get the Acronym right - should be CPC!

[@jackreacher8858]

It deliberate , they are very happy to poke China . The kwei lohs just have to stick the Chinese . The Chinese is killing their white man burden mentality .

[@teohct1]

Can’t you get it right? It’s officially known as the CPC

[@scarlion2101]

quite out of touch discussions as always, dominated by ideology and preconceived impression about china

[@DeepTitanic]

He's just making China sound more awesome

[@RS-uh7rz]

All very smart, knowledgeable, and well-spoken. Late in the video Yasheng Huang, talking about Xi's anti-corruption purges, shines quietly and brilliantly.

[@tingtong5898]

Xi's anti corruption purge was more about elimination of his political opponents. They are all corrupt.

[@dcc70]

This is the problem with dictatorships: the government becomes an extension of the ruler, with all the personal flaws exhibited through policy.

[@christophehelbert6113]

That is a difference with the US where private sector already swallowed US government for years.

[@tylermax631]

I miss Kevin Rudd...

[@momentsinnaturebro]

Nothing like fear to make you sleep well. Very meditative.

[@alanbarbier3521]

The very fact that you refer to the Communist Party of China as the CCP, in the title of your video, leads me to question the veracity of all the subsequent information.

[@mulamulelilumadi4717]

What's the distinction between CPC and CCP?

[@alanbarbier3521]

@@mulamulelilumadi4717CPC is the approved acronym of the Communist Party of China, CCP is a deliberate display of disrespect for the Communist Party of China.

[@loneranger4469]

​@@mulamulelilumadi4717The distinction is that there is something called a CPC but there is nothing called a CCP...😂

[@DeepTitanic]

I'm just enjoying watching upper class liberals struggling to realise that they got played by the CPC

[@guydreamr]

Both can be used - CCP is the acronym for the Chinese Communist Party, which is perfectly valid as well. That's from Wikipedia, "Chinese Communist Party."

[@guydreamr]

The woman's analysis was the most clear and concise, the others were in varying degrees fairly muddled.

[@tonytan6547]

her first comment were right,but her last comments were rubbish

[@philipbball6088]

Professor Yasheng Huang is hilarious.

[@tonytan6547]

Those poor comments on Xi that he try to turn China back to Maoist ways are totally wrong. The Westerners felt so mainly b'cos they didn't get their way ( China didn't follow US/West doctrines/ways)

[@chriswong9158]

Deng Xiaoping famously said "It doesn't matter whether a cat is black or white, as long as it catches mice." is just working way too well for Xi.

[@serriajohn]

you spot on.

[@tonytan6547]

Did the speakers realise they have biases based on Western Hegemony ?

[@alaskavaper2490]

Thanks for the insightful discussion. I learned much about the fate of Alibaba and Jack Ma. I hope China can find it's way forward. It troubles me greatly that the US is creating an enemy of China. Much should be very different if only America was not so dogmatically paranoid and parochial.

[@tingtong5898]

9 dash line & wolf warrior diplomacy has most countries paranoid. Don't pretend that it is all one way.

[@samliew6610]

Looks like US is always treating those they either don't like or can't compete with as ENEMY! WHY? You don't like a person doesn't mean you make/treat him like enemy. It's so so Childish.

[@tonytan6547]

Can't let go of her Hegemony that dictates others ,n bring home lots n lot of easy good profits

[@alst4817]

On the contrary, China has been publicly making an enemy of the US all of the last 40 years of growth, and they are surprised we believe them?😂

[@ShahWirana-bq9hv]

I need clarification. Which of these is NOT communist? 1. Singapore, 2. Hong Kong, 3. Vietnam Is the term "Asia" automatically implies Chinese, China or Oriental-looking peoples or the diverse nations that are contained within the so-called Asian continent. This needs to be addressed. As it is not fair to just place nations on the pedestal for the sake of idolizing wealth

[@warso-spt1]

COPIUM is good when it's plentiful

[@tonytan6547]

Generally for China: this move is bad ,that move is bad etc...,but actually it is western biases at work ...... refusing to see others' views except their own (the western ones) ,hahaha

[@rolandwong9306]

According to some speakers, decoupling begins when you want to establish goals to achieve your national goals (Made in China plan) and no longer want to depend on Western countries. Therefore, accordingly, China started the decoupling. It is a form of twisted logic,

[@dcc70]

The US has the same goal, to not be dependent on China. China should sympathize with this goal.

[@kelvinzhang7041]

BRI is not a failed strategy. On the contrary, it has greatly increased China's influence in the global south. If we must talk about individual cases, about 10% of them are problematic, but we cannot cover up 90% of the successful cases. From today's perspective, Russia's invasion of Ukraine is a very successful gamble. Russia's goal has basically been achieved. It is very unwise to wait for the West to negotiate when the West becomes impatient. Using SWIFT sanctions is a very unwise move. This is equivalent to a financial nuclear bomb. The current The situation is that Yellen has expressed the hope that Russia will return to SWIFT.

[@nudestsquirrel]

Jamie Dimon absorbs the rest...

[@cathayview]

so smartupid

[@felipearbustopotd]

Could the problem for both China and Russia be their large land mass.? Roman Empire expanded only to whither. Thank you for uploading and sharing.

[@EdyKhang]

No country in the world is really independent for US except rusia and china.

[@dcc70]

Land mass is not the problem, see Canada. The problem is with governance, namely authoritarian rule that can't peacefully coexist with others.

[@wulung5943]

Propàganda

[@bangthingneng9433]

In my personal view, i think centralised control Economic isn't failed or isn't bad as what was said to be. However, the Non-centralised control Economic are now vividly & visibly fails in many aspects. A dive deep into it shall reveals all the weaknesses that have emerged out of it. Everyone can see clearly now. What you have is the introductions of machanism ( methods ) to resuscitate or to resurrect what would actually already demised. I think you guys knew about these. Ofcourse, obviously the centralised control which is normally associated with Communism would never gainning ground of perfections but condemnation. This was already started ways back before world war right up to the end of the 1st Cold War in the 70th . The Centralised Control which was associated with Communism can never views as goodness or equal to that of Democratic Capitalists. Besides, the Capitalist syatem which was spearhead by the west totally shunned on Centralised Control which is Communism with full condemnation of despotism. Fearing the spreading of Communism ideology. My honourable speaker, Centralised Control, obviously, without global excess & global offered goodnesses or global acceptance in its early years could not strive left alone to shine. Certainly, with restricted movements & acceptance to global & without global penetrations eventually rendered the Centralised System failed to produces its flares leaving alone the Democratic Capitalist ( Non- Centralised system ) to reign & to roam freely without comparisons. But the reality begins to unveiled in the 80th. Similarly, if Democratic Capitalist with Non Centralised Control & if facing a similar situations to that of Centralised Control system of Communism with limited penetrations or acceptance worldwide too could not strive. No best systems could ever survive or producing the best results under that scenarios. In precise & concise, Under such scenerio till in the 70th & begins of 80th when China with its Centralised Control was allowed to access to global penetrations, looks, what have happened. Centralised Control did somethings miracle to China & this Centralised control were then reduced & fortified by much liberal forms or Capitalist Private Enterprises which saw the the ' Commucracy System ' glows & glows to the envy of the worlds & to the extend of uneasiness & views as threatened to some ( may be ). Eventhough these are under natural evolvement due to right implementation of the system of which China classified it as under ' Chinas Characteristics '. Ironically, the Non Centralised control system is today somehow shaken. I believe, many also realise that some countries begin to have or getting or allow their state involvement in Economic activities. No one mention on these. Could the Democratic Capitalist allowed for that ?. Even, the Media were put under scrutiny now. Is it ok in Liberal Democratic countries ?, etc, etc. Well ! Lets us chanpioning the right narrative for that the right narrative are the keys to human progress & success. Wrong narrative will only bring us backwards to the brink of benighted all of us. You know, championing the wrong narrative would make us go on & go on & go on ..... to address on something isn't real & merely illusion & delusions. What would we get from illusion & self delusions. Example, purported agressor when there isn't. Purported war when there realy isn't so but spend money to ramps up the situations & make it worst, etc, etc. For Better world Bang broadcast corp

[@CO8848_2]

Well, go live in one instead of pontificating.

[@chriswong9158]

"Never interrupt your enemy when he is making a mistake." - Napoleon Bonaparte

[@alst4817]

Greetings to all the Wu mao in this comment section! Did you all get the same email or something? 😂

[@barrysides8145]

The more the Wu mao only comment when people people tell the truth about China. “A hit dog hollers”

[@WWLooi-js8rl]

Yet another sign of 東升西降。

[@lumo5691]

You smoking opium?

[@waynegore5291]

So you guys should be very happy if their system is so bad. LOL.

[@7Samadhi777]

Better than the private sector absorbing the public sector….

[@AKThakur76]

There has never been a large country except USA which has defied mid income trap. It will be a miracle if China can cross even 20k per capita income. Even if they get some breakthru in AI and new Tech, it can not offset loss of low income manufacturing. My country India will be lucky to break 10k income trap. Japan had quite developed tech sector, but still is unable to breakout. Same with Korea. So in a way China or any other country will not be able to overtake US.

[@bobmorane4926]

Middle income trap sounds like a meaningless term and all you need to do is look at the youtube videos of foreigners showing you their lives in China and compare with living in North America and you immediately understand that made up terms don't mean much much when ppl in China have access to much more despite having lower incomes in being provided with easy access to an incredible array of transportation whether it's e bikes, didi taxis, subway, buses, high speed trains and planes. Their access to excellent , timely and affordable healthcare is unparallel and the issue of safety would put this middle income trap country in an enviable position that most citizens of much higher income countries would envy badly as they keep stressing that point again and again non stop. WE could also compare public toilets and China would again come up on top much higher than many high income countries. So you tell me, is that middle income trap term for real or a crazy bad invention that has absolutely no merit !!!

[@stanleywang1358]

Make a visit to china and see the real people, and then judge again.

[@stanleywang1358]

Look back history and look at all the great talkers and ask who actually got China correct?

[@sandymilne224]

Who got Japan correct! People thought that Japan would overtake the USA, but Western business has always moved around the world using poor countries for their shop floor production capabilities. Once a country becomes too expensive for low end manufacturing, business moves on. Now, businesses are moving to Vietnam, India, Mexico and other jurisdictions and at a time when Xi’s jingoistic path is also pushing production out of China. So don’t look at Chinese toilets or infrastructures and brag, because in rural China is still poor. The country is ranked 73rd in GDP per Capita after Belarus. Look at toilets in rural areas as a better bell-weather of where China really is.

[@bobmorane4926]

@@sandymilne224 Yeah but businesses could always afford to ignore Japan . What's Japan's market weight vs US or European market at the time ? In other words, no matter how succesful Japan was,the West still had Japan by the b*lls ans some smart ass dare call it middle income trap which otherwise means you're still small enuff for the West to stop you in your tracks and relegate you to oblivion. Oh, if you agree to be our minion we'll sign a Plazza accord and allow you some access to some of your exports under some conditions favorable to the West like your currency valuation etc ... But can businesses afford to ignore China's market and be shut out from a future gigantic market. Yes the going gonna get tougher as Chinese companies are playing on home turf and much more robust than 30 yrs ago. But middle income trap, just an invention that applied to a single pathetic example and westerners are so eager to brandish it as the rule !!! Thanks god Chinese play Go and can see through all these shenanigans. Turns out the Chinese outplayed the West and is almost there holding those b*lls ... Oh where you see poor peasants Chinese see huge opportunity, just saying ... maybe that's why so many companies are not so keen to give up on China.

[@dimitristsagdis7340]

Here is a somewhat alternative perspective: China like many developing economies before it, is stuck in a middle income trap. The leadership knows this, but is unwilling to do what it takes to get out of the trap cause it undermines, endangers, etc. its very own leadership (keep in mind 'a trap is a property of the trapped' as they say - like a mouse trap cannot be used to trap lobsters and vice versa). So the leadership has to rule indefinitely while the country/economy remains indefinitely trapped in a middle-income. All leadership actions you see internationally (like BRI) and domestically (crackdowns, or openings, dual circulation, share prosperity...) or are likely to see in the future, are efforts to ameliorate the effects of having been caught in a middle-income trap. From which China will not escape for as long as there is leadership unwillingness to do what is necessary to escape the trap -- of course without having to admit such facts to its citizens, investors, partners, etc.

[@warso-spt1]

😂😂😂😂😂

[@jamesstmanhattan]

Higher levels of prosperity mean higher demands imposed by the people on the government. The government is utterly reluctant and unwilling to have a wealthy, education population; for such a population would not tolerate the current government and its ways of governing. The Soviet Union figured it out almost a century ago : keep the population in squalor and destitute, lest they rebel.

[@bobmorane4926]

@@jamesstmanhattan And the Chinese guy on the panel who's an ardent opponent of the CCP has to stop the prevalent thought on this non thinking brainwashed panel. Why is the government doing everything to fight its companies whether Real estate or in technology while making sure the prosperity is equally spread in society or the kids are not overworked at the expense of their childhood or their parents' pocketbook ? Good question. Simply put, it's trying to avoid Murica's dystopian society of have nots vs the 1% and fulfill Deng's demand of ironing out corruption and providing common prosperity. How blind can you be to miss that kind of analysis unless it's absolutely intentional to distort the perception about CCP to a gullible western audience !!!

[@stanleywang1358]

Totally nonsense. Glad to see how you don't understand china.

[@sandymilne224]

Two points; the West after WWII developed Japan to keep the country out of the Russian sphere of influence. Japan became the ‘shop floor’ for production. After a period of decades, Japan became too expensive and business moved on to Taiwan. Once it got too expensive, business moved on to HK and then to China. It is now too expensive to use China as the global shop floor, so business is moving in to Vietnam, India and Mexico. Additionally, Xi’s jingoism about turning the Taiwan Straights into a war zone is making business VERY nervous. So it’s just China’s turn to stay where they are in their development path. 800 million citizens in rural areas that are very poor will not be joining the global economy because those citizens are needed in food production in place. With business leaving, there won’t be jobs available for those rural citizens to move to anyway, let alone the democratic time bomb that is stopping an aging population from becoming ‘consumers’. China’s current dilemma is simply a historical factor exacerbated by Xi’s jingoism.

[@tonytan6547]

Hahaha, the UA/West's "feeling good" self illusion

[@MohamedElias-de3gp]

Dog world tap Jalan clip

[@tonytan6547]

It is Transition that is neccessary, which is just beyond the comprehension of most westerners who are in " denial" mode. In short: short term pain for long term gain

[@pingpong7810]

Hongkong country㊗️㊗️㊗️㊗️

[@tonytan6547]

a dog

[@randyjackson6468]

America currency is DEBT CURRENCY (-NEGATIVE) OUR National DEBT is (NEGATIVE) So that mean the value of the DOLLAR is NEGATIVE =-1 not POSTIVE Real estate is OVER INFLATED by 1650% since 1974 And the DOLLAR has been DEVALUING since 1975 Negative + Negative = Negative So how is the America dollar (+positive) Double certified platinum BROKE DEBT CURRENCY America and the DOLLAR is WORTHLESS (CIA FBI DOD) Promimary Note with I.O.U. And NO FDIC When the economy collapses thete nothing to help recover you money Rich people. Look at charts. Its been going down We in REVELATIONS in BIBLE. 7th Seal EXODUS is in play first-born child and plague ( EBOLA airborne) coming . 1/3 of population is 2.6 billion deaths. PAPA LEGBA (DIABLO) CAJUN CEROLE LOUISIANA VOODOO HOODOO In BLACK BIBLE, JESUS was a BLACK JEW BURNT BRASS (CINNAMON) OUT FURNACE . IN QURAN MUHAMMAD is a BLACK MUSLIMS but his MOTHER MARY was JEWISH mean BLACK WOMEN.And his FATHER name was ZACHARIAH not JOSEPH amd was a JEW not JEWISH The KING and POPE suppose to be BLACK. I M THE MESSIAH NAVY CORPSMAN RNDY "DOC" JACKSON Thats why shit so messed up with THEM IN CHARGE. And THEY are the BILLIONAIRES 😮 Coincidence? 😂😢🤣 PROJECT MAYHEM (BAM) BLACK ABSOLUTE MONARCHY Billionaires All Man Black Asian Monarchy WU TANG CLAN 😂😇🤣🥲😭

[@peacefulmind6254]

Which one of you been China recently??? If not then you are not qualified to talk about China. Don’t cover your heart and eyes 😮

[@User-007imwnx]

Lol you think they don't want to go? China has banned foreign consulting companies and thrown their Chinese employers in jail. It also banned state owned companies from using the international auditing/accounting companies in an effort to prevent outsiders from learning the real data about China's economy.