When Mr. Xi declared “only socialism can save China” in 2012, the message did not receive much attention in the market economy.
Many Chinese at the time thought it was just a slogan of Xi Jinping, who had just come to power in the world’s second-largest economy, which was undergoing a dramatic transformation.
However, a series of recent policy moves by the Chinese government have targeted Internet companies, the profit-driven tutoring industry, online games, entertainment stars, etc., along with statements about “prospering together”. prosperity” seems to show President Xi’s seriousness in orienting the country back to the values of socialism.
According to observers, Mr. Xi is promoting a “small revolution”, aimed at curbing capitalist excesses and removing negative cultural influences from the West. The policies in place cover everything from school curricula to tighter regulation of real estate and the entertainment industry that the government considers unhealthy.
These decisions confused investors, forcing Chinese officials and media to quickly seek reassurance. The People’s Daily, the mouthpiece of the Communist Party of China, said on Thursday that government support for the private sector had “unchanged”, explaining that the new regulations were intended to “rectify the political order”. self-market”, promoting fair competition, protecting consumers’ interests and “perfecting the socialist-oriented market economic system”.
However, observers say that the purpose of the new policies is very clear. “Xi wants to solve an epochal problem in which neoliberal reforms have made China far less egalitarian,” said Rana Mitter, a professor of history and politics. China at the University of Oxford in the UK, commented.
That inequality, along with the increasing concentration of wealth and power in some sectors, potentially threatens to undermine social stability and ultimately affect employment, analysts say. run the country by the Communist Party of China.
The timing of the new set of policies also seems to reflect the belief that China can handle problems with its own model of governance, rather than mimicking the West’s “flawed model”, which is widely recognized reflected in the response to Covid-19, or the chaos in the US presidential election and Washington’s campaign to withdraw troops from Afghanistan.
“China’s governance model seems to respond well to the fight against Covid-19,” said Chen Daoyin, an associate professor who used to work at Shanghai University of Political Science and Law, adding that he Xi can confidently balance the way the government operates with the market, between state power and investment capital.
Under the late leader Mao Zedong, the Chinese Communist Party advocated liberating the people from capitalist exploitation, abolishing private property, and defeating American imperialism.
However, Deng Xiaoping, Mao’s successor, took a major pragmatic turn, allowing the market to boost production, ushering in four decades of rapid growth and fostering wealth accumulation. giant product. However, this is believed to be the cause of deep inequality in Chinese society.
In that context, Mr. Xi decided to solve a series of social problems, from the continuously declining birth rate, achievement disease in education, to the situation of the younger generation being too stressed by the social spiral and decided to give up. This is considered the impetus for the Chinese government to issue new regulations to prevent teenagers from spending too much time playing online games and pouring too much money into entertainment idols.
“Xi aims to solve problems that make people miserable, such as official corruption and the gap between rich and poor,” said Associate Professor Chen.
While skepticism remains about the government’s ability to encourage people to have more children, or to make house prices in big cities more affordable, some moves have won widespread support. Many parents welcome the reduction of educational load and the rule that children can only play video games for three hours a week.
According to some analysts, Xi’s calculations are not limited to social stability, but also go beyond.
“Mr. Xi is an ambitious leader with a vision. He really wants to go down in history as the man who upheld the Chinese Communist Party and made the country strong,” said Yang Chaohui, a lecturer. Politics at Peking University, review.
Luster (Follow Reuters)