Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Decoding Xi’s path to the ‘China dream’

by Index Investing News
October 24, 2022
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


The 20th Congress of the Communist Party of China (CPC) approved Xi Jinping as general secretary of the party for a third term. This is unusual as the previous two general secretaries – Hu Jintao and Jiang Zemin – both served two terms and then retired. Xi has bucked this trend.

Naturally, the question is – why has Xi Jinping secured a third term? The answer lies in Xi’s ambition for his nation and party. Xi is attempting to achieve the “China Dream” which is the rejuvenation of his country so that it becomes the pre-eminent power in the world, along with an abundance of riches at home. China is aiming to supplant the United States (US) as the lone global superpower, which, according to Xi, is its rightful place in the hierarchy of nations.

In order to achieve this goal, Xi has embarked on two major reforms or changes in China. The first is the transformation of the Chinese economy from a manufacturing giant (factory of the world) into an economy that is knowledge-based and chugs along at fast rates of growth, based on invention and innovation. While China is well on its way to ensuring this kind of change, it still has some way to go before it can claim success. Xi wants to ensure that such a transformation of the Chinese economy takes place successfully and hence he feels he needs more time at the helm.

The second major transformation is to change the Chinese military or the People’s Liberation Army (PLA) into a modern fighting force that can wage wars and win them. Xi has said this several times and we should take him at his word. Hence, the PLA has not merely been acquiring new weapons systems at a rapid rate, but most of them are also made in China itself.

The military-industrial complex is alive and kicking in China. Simultaneously, the Chinese military has been reformed into theatre commands so that it no longer operates in silos but as a joint force. Jointness of operations is the buzzword in the PLA.

To give his military a modern edge, Xi has also set up new commands for rocket forces, cyber warfare and strategic weapons. However, once again, the complete and thorough reform of China’s military is a work in progress, and Xi believes he needs more time to complete this transformation.

It can be seen that Xi Jinping believes he is the chosen one to lead China to greatness. In such a process, taking and getting one or two extra terms as China’s helmsman is no big deal. However, Xi’s ambitions don’t end with having Xi Jinping Thought included in the Constitution of his nation. He wants to be judged as among the greats of the Chinese Communist pantheon, such as Mao Zedong and Deng Xiaoping. In order to be seen in this light, not only will he have to see through the two transformations successfully, he will also have to reunite Taiwan with the mainland. Hence, with each passing day, the threat to Taiwan and perhaps the risk of a wider worldwide conflagration is rising.

The current superpower, the US, is not sitting by idly. It has recognised China as a peer and a rival and is moving to cut it down to size. The recently promulgated US regulations on the sale of chips and semiconductors to China is one technology-related salvo in this war. The strengthening of US alliances with countries such as Japan, Australia and South Korea must be seen as a move to circle the wagons. Quad is a coalition of like-minded nations which could potentially stop China in its tracks. The so-called Chip Four is another tech-based coalition between the US, Japan, South Korea and Taiwan. This is why Xi, in his address to the 20th Party Congress, spoke of external attempts to blackmail, contain, blockade and exert maximum pressure on China.

What does a third term for Xi as the ultimate leader of China signify for India? The portents are not good. Given our contested border and undefined boundary, Xi will want to make an example of India to show Asia and the world that China is the hegemon in Asia and that other nations better understand and accept this fact. Once China has clear hegemony over Asia, it will begin to challenge the US in other geographies. We should expect more challenges on our frontiers and need to gear up for it. How do we do so? In the long run, there is no substitute fo fast-paced economic growth over an extended 20-25 year period. That will reduce the asymmetry between India and China. An 8% annual Gross Domestic Product (GDP) growth rate is India’s best defence policy. In the short-run, we will have to balance Chinese power by building strong partnerships with other democracies, neighbouring nations and some others that feel the same way as us. India will need to rise to this challenge through an adroit mix of Kautilyan cunning as well as Arjuna-like bravery.

Gautam Bambawale is a former Indian ambassador to China and Bhutan and a former high commissioner to Pakistan. Currently, he is distinguished professor, Symbiosis International University

The views expressed are personal



Source link

Tags: ChinaDecodingDreamPathXis
ShareTweetShareShare
Previous Post

‘Spectacular innings’: PM Modi’s ‘special mention’ to Virat Kohli after big win against Pakistan

Next Post

A women’s IPL can lead to a transformation in cricket

Related Posts

The DC Israeli Embassy staffer killings are what occurs when phrases grow to be weapons

The DC Israeli Embassy staffer killings are what occurs when phrases grow to be weapons

by Index Investing News
May 25, 2025
0

Phrases have penalties. Lethal phrases have lethal penalties. Two workers members of the Israeli Embassy in Washington, Sarah Milgrim, 26,...

Well being Speak: Why CBSE’s transfer to have sugar boards in colleges is wholesome

Well being Speak: Why CBSE’s transfer to have sugar boards in colleges is wholesome

by Index Investing News
May 25, 2025
0

A brand new Central Board of Secondary Schooling (CBSE) directive has requested colleges affiliated to it throughout the nation to...

Authorities-Assisted Suicide Is Spreading Throughout The Western World – FREEDOMBUNKER

Authorities-Assisted Suicide Is Spreading Throughout The Western World – FREEDOMBUNKER

by Index Investing News
May 24, 2025
0

Is it humanitarian empathy, or a nihilistic demise cult that wishes a authorized rationale for inhabitants management?  The legislative push...

‘Advance tipping’ on ride-hailing apps is merely a symptom of lax legislation enforcement

‘Advance tipping’ on ride-hailing apps is merely a symptom of lax legislation enforcement

by Index Investing News
May 24, 2025
0

In a publish on X final week Pralhad Joshi wrote, “Forcing or nudging customers to pay a tip upfront for...

The issue with utilizing the phrase ‘plantation’ –
Las Vegas Solar Information

The issue with utilizing the phrase ‘plantation’ – Las Vegas Solar Information

by Index Investing News
May 24, 2025
0

Saturday, Could 24, 2025 | 2 a.m. The biggest remaining antebellum plantation mansion within the South has burned to the...

Next Post
A women’s IPL can lead to a transformation in cricket

A women’s IPL can lead to a transformation in cricket

Japan’s International Payments System will test plastic cards for CBDC By Cointelegraph

Japan’s International Payments System will test plastic cards for CBDC By Cointelegraph

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Unbanked shuts down crypto services, says US regulations prevented fundraising

Unbanked shuts down crypto services, says US regulations prevented fundraising

May 26, 2023
3 Housing Market Developments That Will Form 2025

3 Housing Market Developments That Will Form 2025

January 30, 2025
The Russia corporate divestment that never happened

The Russia corporate divestment that never happened

January 23, 2023
Where Do America and China Fit In?

Where Do America and China Fit In?

May 5, 2023
CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill

CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill

December 2, 2022
Celebration of an obliteration | Mint

Celebration of an obliteration | Mint

September 29, 2022
Key folks from the Fed simply spooked the markets — this is what they stated

Key folks from the Fed simply spooked the markets — this is what they stated

April 5, 2022
Trump Administration’s Cuts to Housing Nonprofits Gas Issues Over Discrimination

Trump Administration’s Cuts to Housing Nonprofits Gas Issues Over Discrimination

March 17, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In