2024-03-08 22:28:06
[The Epoch Times, March 09, 2024](Epoch Times reporters Song Tang and Yi Ru interviewed and reported) At present, China’s economy is declining. The Chinese Communist Party’s response is to continue to prioritize security over the economy and create a new term “new quality” “Productivity” attempts to fool people at home and abroad.
Experts say that new productivity is not that simple. In addition to covering up the current economic difficulties, it may also invent another set of economic narratives that are different from the West, whitewashing the economic problems caused by the CCP system.
Why is the authorities suddenly hyping up “new productivity”?
Xi Jinping, leader of the Communist Party of China, first proposed new productivity during his inspection of Heilongjiang in September last year. It was later included in the draft of the Central Economic Work Conference in December last year, and became the topic of discussion at the 11th study meeting of the Political Bureau of the Communist Party of China at the end of January this year.
On March 5, Xi Jinping attended the Jiangsu delegation and once once more mentioned new productivity, saying that it is necessary to “seize the opportunities of technological change, cultivate and strengthen emerging industries, and plan ahead to build future industries.” Among them, “emerging industries” and “big emerging industries” may This is the specific scope of “new productivity”.
Not surprisingly, this new term appeared in the government work report. In the report, Premier Li Qiang of the Communist Party of China put the establishment of a so-called modern industrial system at the top of this year’s government tasks for the first time, and added “new quality productivity”, saying that ” “Promote the high-end, intelligent, and green transformation of traditional industries” and “actively cultivate emerging industries and future industries”; “In-depth implementation of the strategy of rejuvenating the country through science and education” is listed as the second government task, and expanding domestic demand is ranked third. .
This also reflects from the side that Li Qiang’s report implements Xi Jinping’s ideas to the letter.
Relatively speaking, former Prime Minister Li Keqiang paid more attention to protecting people’s livelihood, maintaining employment, and expanding domestic demand. In Li Keqiang’s report last year, expanding domestic demand ranked first, and he also talked regarding deepening the reform of state-owned assets and state-owned enterprises. However, in Li Qiang’s report, the statement on the reform of state-owned enterprises was missing.
The “new productivity” suddenly promoted by the authorities has confused many people.
Reuters believes that the authorities want to divert attention from China’s current economic difficulties, including weak consumer confidence, the real estate crisis and local debt, by focusing the public’s attention on future growth prospects. However, how to implement this vision and what path and mechanism to rely on to promote technological innovation and improve productivity are still vague. The reality is that market forces have retreated and the Chinese Communist government is taking the lead.
Wang Wangochen, assistant researcher at the China Economic Research Institute. (Authorized by Wang Guochen)
Wang Wangochen, an assistant researcher at the China Economic Research Institute, told The Epoch Times that there are probably two reasons. One is that many advanced technologies are blocked by the United States and Europe; the other is that investment efficiency in the past was low and turned into a debt-driven growth model, which increased debt.
“But the investment efficiency of future industries or strategic industries is also very low. Past data shows that investment is roughly double digits and output value is only single digits. However, when encountering the CCP system, this low situation will be even more obvious. .”He said.
“Under Xi’s command, we can’t honestly say that investment efficiency is very low. We have to change the term to new quality productivity. If there is no way to improve productivity, we have to rely on propaganda.”
In the past, whenever there was a problem with the Chinese Communist Party’s economy, it would make up new words to cover it up. For example, it was clearly called layoffs and unemployment, but it was called flexible employment, optimization, or slow employment. What’s more, it was called “transporting talents to society.”
Feng Chongyi, associate professor at the University of Technology, Sydney, told The Epoch Times that the Communist Party keeps raising some incomprehensible slogans. If the economy cannot grow, it will develop a new technology or something new and find excuses to cover up its crimes.
He said that during the Hu-Wen period, we had always maintained a growth rate of 8%. Without 8% growth, it would be difficult to maintain social welfare and employment. Now China’s economic growth has dropped to 5%, 3% or even 1%. Companies are closing down one following another, real estate is going to explode, and the unemployed population is very large. Now that China’s economic growth is slowing down, what should we do?
“Can you use this slogan to cover up the fact that my growth has slowed down, but my quality has improved? This is a trick of the Communist Party. It deceives itself and others by claiming that it has progress, that it has development, that it has progress.”
government economic policy Let China’s economy walk a tightrope
The authorities have pinned their hopes on “new quality productivity” as a solution to maintain growth momentum amid a sluggish real estate market, a rapidly aging population, and geopolitical tensions. In the coming years, this may be translated into concrete policies for those identified as Provide state support for industries, projects and enterprises with “new productive forces”.
This has caused concern among many scholars, because in China’s current economic structure, the so-called “strategic emerging industries” and “future industries” themselves are unlikely to provide a large number of employment opportunities. Most of the jobs are still in the service industry, like the new industries promoted by the authorities. Three things: electric vehicles, batteries, and green energy contribute only a small proportion to the entire economy and cannot replace the real estate industry.
Professor Feng Chongyi of the University of Technology Sydney (provided by Feng Chongyi)
Another risk is that the CCP has invested a lot of money in industrial upgrading, but the results are still not significant. The government has significantly increased subsidies for research and development, but has received little return. It has also brought a lot of duplication of investment and waste. The authorities’ focus on national security and tight government controls can also hinder innovation, foreign investment, and attracting and retaining high-end talent.
Feng Chongyi said that the CCP’s previous chip giant leap forward and high-speed rail projects were ineffective investments with no returns. Now that Xi Jinping has returned to relying on state-owned enterprises to develop new things, banks will continue to collect people’s deposits and lend them low-interest loans. They do not have to be responsible, and the money will be wasted.
“If he might develop the economy at a high speed by relying on state-owned enterprises, China would not need reforms, and it would not need Deng Xiaoping,” he said.
Wang Guochen said that around 2012, the output value of mainland China’s service industry has actually exceeded that of industry. However, Xi Jinping has always wanted to return to industry, because the service industry particularly emphasizes creativity and freedom of thought. Xi Jinping and the Communist Party do not like this thing, which is factory-style. Management is easier to control.
“He still wants to improve industry instead of developing the service industry. He destroyed Alibaba, destroyed the Internet platform, and turned programmers into workers working in factories.” He said, “Return to When it comes to the most fundamental issue, if mainland China wants to develop economically, it is obvious that it must deal with the issue of the CCP’s one-party dictatorship.”
American economist Davy Jun Huang (authorized by David Huang)
“Whether economic development is declining is not a priority. What they (the CCP) consider is to control the entire economy. This prerequisite determines all its practices.” American economist DAVY J. Wong told The Epoch Times that the state-owned economy has no vitality. But from Beijing’s perspective, rather than letting the private economy grow but not be under control, it would rather have a discounted economy that is under control.
Observers are also worried that because China does not have a complete social security system to support this huge structural transformation, if reforms are not carried out, China’s domestic demand may not be enough to support all the production capacity generated by the new policy, and China will inevitably increase all these Countries around the world may also respond to the export of goods in the new productivity category, including supportive policies and subsidies.
At present, the United States and Europe have both proposed countermeasures, launching safety investigations or erecting trade barriers once morest Chinese electric vehicles.
“If (China) doesn’t consume what it produces, all of that stuff will flow into the international market,” Daniel Rosen, co-founder of independent research firm Rhodium Group, said in a recent speech.
Taking electric vehicles as an example, Rosen said, “every major consumer market in the world is currently considering emergency tariffs to keep them out.”
“I think China’s current policy design is unstable,” Rosen said. “It’s going to collapse one way or another. It has to be changed — either intentionally by Beijing’s leadership — or because other countries shut down gate and cut it off.”
The latest example of CCP rhetoric Economic distress caused by white laundering system
According to an article by a mainland economist, new productivity is a new vocabulary and concept first proposed by “national leaders” and is not an innovation originating from academia.
When describing the new productive forces, the leader of the Communist Party of China used a lot of Marxist-Leninist vocabulary, such as “workers, labor materials, labor objects”, “advanced productive forces” and so on.
Observers have realized that another purpose of the term “new qualitative productivity” is to strengthen the CCP’s leadership and control position in the digital and scientific fields, as well as the party’s ability to use this term to carry out ideological work.
In order to fight once morest Western standards, the Chinese Communist Party authorities have “created” a series of fancy rhetoric such as “Chinese-style modernization”, “whole-process democracy” and “global XX initiative”. Although it is confusing, under the constant indoctrination of the propaganda machine In an attempt to dilute Western universal values.
“Productivity belongs to the principles of materialist economics, and it is not that simple to come up with this term.” David Huang said.
He believes that this new term may be a signal of major changes in China’s production methods, relationships between people, social wealth, and social and economic systems in the future, because it uses another path to explain and determine an entire rule.
“This means that he may innovate new standards and new concepts in more economic fields in the future to replace some of the laws of the Western economy.”
David Huang analyzed that because according to Western economics and traditional economics, China’s current economic situation is indeed in a dilemma of economic growth, and there are also huge financial risks.
“When he used the new productive forces, he meant that he did not follow Western clichés. When China’s current economic situation was deemed inadequate by Western standards, he used his standards and a narrative model to re-describe China’s current economic situation. “
Then the current economic dilemma is described as an existential problem in development, not an institutional problem of the CCP.
“In the entire Marxist-Leninist economics, many new words have been created. This is called narrative mode.” He said that now when talking regarding China’s domestic unemployment problem and economic development problem, this problem is based on Western economics, so since If these problems raised by the West cannot be solved, then the standard of solving the problem itself will mean that the problem does not exist at all.
The launch of satellites during the “Great Leap Forward” made jokes regarding how bold people were and how productive the land was. This directly led to a large number of Chinese people starving to death. (Web image)
Feng Chongyi said that the Communist Party’s deceptions have new tricks every year and are constantly being compiled. From 1949 to now, in the past seventy years, from catching up with the United States and the United States in the 1950s, to putting tens of thousands of kilograms per mu of satellites, and then to the four modernizations, it has been compiled like this. , the slogans are constantly updated, but the deception remains the same.
“Once a slogan is put forward, officials will have something to do, such as holding meetings and spreading propaganda. As long as the party-state is not over, it will continue to play out.”
Feng Chongyi said that Orwell wrote “1984” before, which talked regarding them creating a new language and constantly making things up. Falsehood equals truth, truth equals fallacy, war equals peace, and freedom equals slavery.
For example, the so-called “liberation” of the Communist Party has been divided into “pre-liberation and post-liberation” since 1949. “But following 1949, farmers’ land was taken away, workers might not strike, intellectuals became an alien force, and capitalists were eliminated. It liberated who?”
“The Communist Party’s language corruption, distorting the concept and connotation of language, and then relying on overwhelming media control, has done great damage to the Chinese language. In the future, if the Communist Party falls, we must clean up the language.” He said.
Editor in charge: Lin Yan#
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