Index Investing News
Saturday, June 6, 2026
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

The death of Li Keqiang

by Index Investing News
October 31, 2023
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Even in authoritarian countries, leaders are reluctant to cross certain lines. Thus in Poland, the communist government was unable to prevent a degree of resistance within the Catholic Church. In some Muslim countries, leaders are forced to tolerate some dissent within the Islamic leadership.

In China, there have been several notable cases of a period of mourning turning into an implicit form of protest. After Zhou Enlai died in April 1976, there was a memorial set up in Tiananmen Square. Over time, the intensity of the expressions of grief steadily increased and became seen as a disguised protest against the reckless policies of Mao Zedong (who died a few months later.). It was hard for the authorities to crack down too severely on a large group of people putting flowers onto the memorial of a much beloved leader like Zhou.  Nonetheless, authorities did eventually clear the square.

History repeated itself (in the same location) in April 1989, when there was another outpouring of grief in response to the death of another Chinese reformer (Hu Yaobang).  This time, the protests morphed into a strong pro-democracy movement, which eventually led to a violent crackdown.

In light of this history, a recent Financial Times story caught my eye:

Hundreds of mourners have flocked to Li Keqiang’s childhood home to pay their respects to a reformist politician many saw as the “people’s premier”, creating a potential political challenge for Chinese president Xi Jinping.

The popular outpouring for Li, who died suddenly last week aged 68, was mirrored in other cities and on Chinese social media, with many people contrasting the late premier’s relatively down-to-earth style with that of his more aloof colleagues.

The rare public outburst of grief for Li, who was largely sidelined by Xi while in office, presents a delicate situation for China’s ruling Communist party as it contends with a lagging economic recovery and geopolitical tensions, analysts said. 

Li was a relatively liberal figure by Chinese standards (albeit not by Western standards.). He spoke out against overly tight Covid controls and favored good relations with the West.  He was also in favor of free market reforms of China’s economy:

“Sometimes to praise the path not taken is to make a comment on the path that was taken,” said Wen-Ti Sung, a fellow at the Atlantic Council Global China Hub. “For some, Li Keqiang represented a relatively more laissez-faire attitude towards state-society relations, and he stood for allowing more space for societal and market forces.”.

It’s unfortunate that Li did not become China’s leader in 2012. In retrospect, however, it was no surprise.  Almost the entire world moved in a more illiberal direction during the 2010s.  And of course China’s shift toward authoritarian nationalism cannot be blamed on jobs lost as a result of the “China Shock”.  Nor can the Hungarian shift, or the Turkish shift, or the Indian shift, or the Russian shift, or the US shift.  Much deeper forces are at work.



Source link

Tags: deathKeqiang
ShareTweetShareShare
Previous Post

Spire Inc.: Lower Utility Valuations Have Created An Attractive Entry Point (NYSE:SR)

Next Post

How to Not (Accidentally) Lose Your Portfolio to Lawsuits

Related Posts

At The Money: Grab Your Summer Rental Soon Now!

At The Money: Grab Your Summer Rental Soon Now!

by Index Investing News
June 4, 2026
0

     At The Money: Grab Your Summer Rental Soon!! (June 3, 2026) It’s not too late to get...

Sam’s Links: May Edition – Econlib

Sam’s Links: May Edition – Econlib

by Index Investing News
May 31, 2026
0

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...

Transcript: Vimal Kapur, Chairman and CEO of Honeywell

Transcript: Vimal Kapur, Chairman and CEO of Honeywell

by Index Investing News
May 27, 2026
0

https://www.youtube.com/watch?v=sVqE7bsmtA0https://www.youtube.com/watch?v=sVqE7bsmtA0     The transcript from this week’s MiB: Vimal Kapur, Chairman and CEO of Honeywell, is below. You can...

Development by Consent – Econlib

Development by Consent – Econlib

by Index Investing News
May 23, 2026
0

March 2026 marked the 250th anniversary of the publication of An Inquiry into the Nature and Causes of the Wealth...

Transcript: Shelia Bair, former FDIC Chair

Transcript: Shelia Bair, former FDIC Chair

by Index Investing News
May 19, 2026
0

https://www.youtube.com/watch?v=Y-mjUH1lHg4https://www.youtube.com/watch?v=Y-mjUH1lHg4     The transcript from this week’s, MiB: Shelia Bair, former FDIC Chair, is below. You can stream and...

Next Post
How to Not (Accidentally) Lose Your Portfolio to Lawsuits

How to Not (Accidentally) Lose Your Portfolio to Lawsuits

2023 Special Servicing Rates – Commercial Property Executive

2023 Special Servicing Rates - Commercial Property Executive

RECOMMENDED

Cosentino’s Trend Report Shares What Interior Designers And Homeowners Really Want

Cosentino’s Trend Report Shares What Interior Designers And Homeowners Really Want

October 3, 2023
Biden’s Infrastructure Plans and Delusional Economic Growth Claims

Biden’s Infrastructure Plans and Delusional Economic Growth Claims

September 14, 2022
“He’s received the most effective defences in world cricket”- Ravichandran Ashwin hails Group India batter after BGT 2024-25

“He’s received the most effective defences in world cricket”- Ravichandran Ashwin hails Group India batter after BGT 2024-25

January 14, 2025
Pleasure Reid: MSNBC’s Pleasure Reid says Trump govt would shoot People; offers Thanksgiving warning to Republicans

Pleasure Reid: MSNBC’s Pleasure Reid says Trump govt would shoot People; offers Thanksgiving warning to Republicans

November 23, 2024
Our Choose of the Week Has No Means Out

Our Choose of the Week Has No Means Out

August 22, 2024
Kim Kardashian’s Feelings On Taylor Swift’s New Album Release Date – Hollywood Life

Kim Kardashian’s Feelings On Taylor Swift’s New Album Release Date – Hollywood Life

August 30, 2022
Is Leslie Abramson Nonetheless in Contact With the Menendez Brothers? – Hollywood Life

Is Leslie Abramson Nonetheless in Contact With the Menendez Brothers? – Hollywood Life

October 13, 2024
Abbreviated Pundit Roundup: The Greater Image

Abbreviated Pundit Roundup: The Greater Image

May 29, 2022
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