Index Investing News
Sunday, April 26, 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

The limits on Scott Bessent’s Treasury swap lines

The limits on Scott Bessent’s Treasury swap lines

by Index Investing News
April 25, 2026
0

Scott Bessent’s ability to provide dollar swap lines for allies in Asia and the Gulf could be constrained by the...

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

by Index Investing News
April 21, 2026
0

    The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream...

Tech Troubleshooting in Space – Econlib

Tech Troubleshooting in Space – Econlib

by Index Investing News
April 17, 2026
0

When astronaut Christina Koch, the first woman to fly around the moon, reported an issue from space that could have...

Oil price surges ahead of Strait of Hormuz blockade

Oil price surges ahead of Strait of Hormuz blockade

by Index Investing News
April 13, 2026
0

Good morning and welcome to FirstFT. In today’s newsletter:Trump announces naval blockade of Strait of Hormuz Orbán’s crushing Hungarian election...

At The Money: Seeking Uncorrelated Returns

At The Money: Seeking Uncorrelated Returns

by Index Investing News
April 9, 2026
0

     At The Money: Seeking Uncorrelated Returns (April 8, 2026) Managed Futures generate returns that are not correlated...

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

Historic Victorian Reclaims The Throne In Downtown Easton, Maryland

Historic Victorian Reclaims The Throne In Downtown Easton, Maryland

July 1, 2023
Dividend Aristocrats In Focus: Amcor plc

Dividend Aristocrats In Focus: Amcor plc

February 8, 2023
Gavin Newsom failed California and ruined his political prospects

Gavin Newsom failed California and ruined his political prospects

January 11, 2025
Janet Yellen Requires Reshaping Provide Chains That Are ‘Not Safe’

Janet Yellen Requires Reshaping Provide Chains That Are ‘Not Safe’

April 21, 2022
Nilesh Shah: Revival of consumer demand will be the big takeaway of this Budget: Nilesh Shah

Nilesh Shah: Revival of consumer demand will be the big takeaway of this Budget: Nilesh Shah

February 1, 2023
Donald Trump’s exit from Paris local weather accord has ‘big affect’, says Brazil’s COP30 chief

Donald Trump’s exit from Paris local weather accord has ‘big affect’, says Brazil’s COP30 chief

January 25, 2025
Chinese Grand Prix cancelled: Formula 1 2023 calendar back to 23 races as replacement options discussed

Chinese Grand Prix cancelled: Formula 1 2023 calendar back to 23 races as replacement options discussed

December 2, 2022
Future Proof 2023: That’s a Wrap!

Future Proof 2023: That’s a Wrap!

September 15, 2023
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