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The End of China's Miracle?

Times are tough in the United States. It seems that they're even tougher in China.

An official Chinese magazine this week predicted a massive increase in protests because of the global economic downturn. It reported that 10 million people, originally from the countryside, have been fired from their jobs in factories mostly on China's eastern coast. Another 8 million people are officially registered as unemployed. Meantime, a record number of people will enter the workforce this year, including more than 6 million who have graduated from high school or college. 2009, the magazine said, will be the toughest year in China in recent memory.

The piece, published by Liaowang, a magazine owned by the state-run New China News Agency, detailed a "perfect storm" of economic problems in China's cities -- factory closures and the non-payment of salaries to millions of employees -- cascading into China's rural areas, sparking land disputes as millions of recently-fired factory workers flood home.This perfect storm, the piece said, would "inflict a new pressure on our country's social stability and harmony."

What's that mean in English? Well, the article provided a few statistics. Labor protests jumped 93.52 percent in the first 10 months of 2008 over same period in 2007. In one city alone, the capital Beijing no less, protests to demand the back payment of salaries (Chinese employers routinely rip off their workers to the tune of an estimated $4 billion a year nationwide) increased 300 percent and the people participating went up 900 percent in November when compared to the same month a year earlier.

The prevailing narrative about China in the United States is that the Communist Party is secure in power and that while the economic downturn will cause trouble, the party will probably muddle through. The party is launching its own version of an economic stimulus package, with big infrastructure spending planned and loads of job creation schemes.

However, a lot of us -- even China wonks -- forget that China is not the United States and that its political system is inherently unstable. Yes, the party has amassed more than $1 trillion in foreign exchange, giving it serious wiggle room to spend its way out of the current crisis. Yes, it's also garnered some goodwill for putting on the Olympic Games, its space shots and its seemingly rapid response to last year's earthquake. And, yes, China's younger generation seems a lot less interested in questioning the party's legitimacy thanks to years of mind-numbing "Patriotic Education" and ever-increasing opportunity.

But because so much happening in China occurs within the "black box" of state-censored information and the seemingly leak-free walls of party central at Zhongnanhai, we are no doubt missing a big part of the story. And, if you believe (as I do) that China's state-run press never reports things are as bad as they really are, the Liaowang article is grim news indeed and should be a wake-up call for all of those prognosticators and pundits who think somehow that the laws of gravity don't apply to the People's Republic of China.

Here's the report in Chinese.

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Comments (37)

thmak Author Profile Page:

To Jamesmoylan: Using your own words: So obviously all those who are disgust with Pomfret's anti-China column is instantly equated with the Chinese political apparatus. (My friends would be astonished) Apparently the idea that a thinking person might be able to live in a space where all political over-reach is considered offensive will not (or cannot) even be considered. I hope you understand. WP allows Pomfret for providing this arena for free speech because anti-China rhetorics are popular past times in USA newspapers and presidential campaign speeches for the past 50+ years. Do you find any arena for free speech on Jihad like Pomfret's? I hope you understand.

hawksmoor Author Profile Page:

@TTRAUB

U.S. will likely pull out of this recession in due time and remain the world's sole superpower. It remains the country whose military spending is almost equivalent to the military spending of the rest of the world combined.

What's bad are the long term imprisonment of foreign nationals in "secret CIA prison". There are unknown number of people who are taken under the practice of "extraordinary rendition". Too often these people are violently taken and then covered up to prevent the international press from finding out, but they are happening.

Rather than find out the truth, that is, the communist bastards of China have stated "Chief responsibility for the grave 'Left' error of the 'Cultural Revolution,' an error comprehensive in magnitude and protracted in duration, does indeed lie with Comrade Mao Zedong", I willfully project my ignorance onto others and take the holier-than-thou approach because I am better than they are. I have read books and watched movies on the U.S. invasion of Vietnam and therefore we have learned our lessons. It's a bad idea to invade a country in the name of fighting communism because when we lose and the country ends up becoming communist anyway, it's pretty embarrassing. So now we will make up intelligence about weapons of mass destruction in other countries, and, when none are found, change our story.

Relationship understandably soured when the Chinese said mean things about us plus the incident where military spy plane while on a secret mission collided with a Chinese fighter. Of course we were pissed, how dare the Chinese interfere with American spying on Chinese. We were further pissed after one of our missiles hit a Chinese embassy in Yugoslavia, killing some, angry Chinese people threw rocks at our embassy, these uncivilized communists!!

Now I only wish we wouldn't have to trade with China but they produce cheap goods and then we need them to loan us money by buying treasury instruments because we are the good old U S of A and they should.

I agree with the one or two intelligent posters in this discussion; the rest who disagree must be Chinese spies with nefarious schemes because I can tell. Moreover I will try to disguise my blatant disregard for facts by asking for intelligent discourse. Lastly, even though I raised some good issues that are worth discussing my pompous and typical American attitude is sufficiently off putting that others who read my posts and agree would rather write a parody than to engage in "intelligent discourse".

ttraub Author Profile Page:

China will likely pull out of this recession fairly quickly and keep on growing. It remains the industrial site of choice for global manufacturers, and their wages have not gone up enough to change this fact.

What's bad is the long term suppression of political opposition. There are thousands of protests now in the small towns and villages against official corruption, and too often these protests are put down violently by the police and then covered up to prevent the international press finding out. But they are happening.

Rather than work through the national disaster they called the Cultural Revolution, they swept it under the carpet. Americans have worked through their Vietnam guilt and angst through many books, movies, and discussions. China never did this, and instead the Communists made it official policy to blame everything on the United States, a stupid and disingenuous tactic that ultimately will backfire.

In the early 1980s, Americans popularly regarded China as a benevolent and peaceful country that was a counterweight to the USSR. Decades of demonizing the U.S. in the Chinese official press, plus a couple of nasty incidents in the 1990s involving trashing the U.S. embassy and shooting down a U.S. plane has soured this view and today Americans have little regard for China except as a cheap place to make stuff. If India became equally capable, Americans would immediately buy made-in-India, leaving China to fight for a share of the market.

I agree with the one or two intelligent posters in this discussion; China sends its operatives attack its critics in talkbacks. Their fractured English and lack of manners gives them away. Intelligent discourse would be welcome. First, however, they might try apologizing to the families of the 1000+ students killed in Tienanmen almost 19 years years ago.

Citizenofthepost-Americanworld Author Profile Page:

jamesmoylan: "I hope your chickens turn into emus and kick your dunny door in." (Ancient Australian slur)

:) :) :)

Careful, James, I just gladly received the following which, I understand, are among the warmest ancestral Chinese wishes:

May the fleas of a thousand mangy dogs infest the butt of whoever ruins one second of your time, in 2009, and may that idiot's arms be too short for him to ever be able to scratch it.

Do you not prefer harmony and peaceful coexistence?

jamesmoylan Author Profile Page:

generalyuefei:

I honour your views and cry many of your tears.
Please accept my apologies for the reality we must all bear responsibility for.

As for all the thick-necked state operatives who want to take issue with me? "I hope your chickens turn into emus and kick your dunny door in." (Ancient Australian slur)

I consider many responses to my postings on this blog to be petulant and putrid. I am not about to stop attacking your bright and shiny lie just because you shout loudly in my ear.

I am a liberal humanist. I believe that every man is responsible for tending the truth within their own patch and so every viewpoint is worthy of due consideration - however sometimes I am left a little dumbfounded.

Consider this reply (from Thmak):

"Your repugnant regurgitation of slandering phrases against China shows that you are thoroughly brainwashed by the anti-China USA indoctrination for the past 50+ years. You have not changed one bit while the USA government has changed from open animosity to a peaceful working relation with China. I hope you understand."

Here the writer simply assumes that I am an ideologue. (I mean isn't everyone?) So obviously my disgust with the Chinese political apparatus is instantly equated with a pro-American bias. (My friends would be astonished) Apparently the idea that a thinking person might be able to live in a space where all political over-reach is considered offensive will not (or cannot) even be considered.

Lets face it, the closer the American government buddies up to the thugs who purport to represent the Chinese people the more the American government sullies itself in my eyes.

And further, I would contend that this is largely the mainstream and common-sense view of the many on this planet who don't live in a supercharged political bubble.

[ PS - a big thank you to Pomfret for providing this arena for free speech - but please leave your blinkers in your gym bag before jumping in ]

chlai88 Author Profile Page:

The destinies of both China and US are now so intertwined that if one goes down, the other also goes down. Regardless of how colored is your view of China, there is no doubt that the current path it has chosen is of enormous benefit to the US and the rest of the world. Imagine its 300 million poor citizens before they are lifted above the poverty line as potential recruits for terrorism or the Chinese government sponsoring terrorist states. The world cannot afford to have a failed and angry China. A strong, confident and stable China that will sometimes disagree with the US but still work together for the common good is the only peaceful way into the future. So it remains to be seen whether both sides see it as a win-win or a lose-lose.

Citizenofthepost-Americanworld Author Profile Page:

No promise of further miracles but political will and determination:

"China could be the first to recover from the global financial crisis, and will introduce more measures in the next two months to bolster the economy, Premier Wen Jiabao has said.
"Our aim is to be the first to recover from the financial crisis. We must have faith and determination," Wen said ... The government will put forward a series of new measures, which top policymakers are working on, before the annual session of the National People's Congress that begins on March 5, he said." (chinadaily.com.cn)

Meanwhile...

"Chinese President Hu Jintao on Monday met with former U.S. President Jimmy Carter as the two nations marked the 30th anniversary of diplomatic ties. (...) The U.S. delegation to the Beijing celebrations included key figures in forging relations such as former U.S. Secretary of State Henry Kissinger, National Security Advisors Brent Scowcroft and Zbigniew Brzezinski and former U.S. ambassadors." (english.gov.cn)

thmak Author Profile Page:

To Jamesmoylan: Your repugnant regurgitation of slandering phrases against China shows that you are thoroughly brainwashed by the anti-China USA indoctrination for the past 50+ years. You have not changed one bit while the USA government has changed from open animosity to a peaceful working relation with China. I hope you understand.

sing1 Author Profile Page:

Here is the opinion of another expert about China. It came from an economic researcher. It should be more reliable than a big-mouth so-called journalist.
http://www.newsweek.com/id/178810
It does not matter whether it is a white cat or black cat as long as it catches mice.
LOL

Citizenofthepost-Americanworld Author Profile Page:

jamesmoylan writes: "What Chinese Miracle? I keep hearing about a miracle but all I can see is... All I can see is... "

jamesmoylan, the World Food Program (WFP) has issued a press release, the second paragraph of which reads:

"Having lifted 300 million of its own people out of poverty in less than a generation - surely one of the greatest achievements of the 20th century - China has now pledged to commit more of its considerable resources to helping us help those in desperate need elsewhere," James Morris, Executive Director of the United Nations World Food Programme, said in Beijing."

As has been pointed out, elevating 300 million people out of poverty is a stupendous and positive achievement. That's a number almost as large as the US population and represents one in every four citizens of that country of 1.4 billion people. That unique achievement by what some still designate as "an emerging nation" ought to be emulated by all so-called civilized, developed and overdeveloped countries where abominable poverty and misery still subsist; that includes the United States of America.

I believe you would benefit greatly from revisiting comparative contemporary history, beginning with the history of contemporary China, but with eyes and ears wide opened this time.


generalyuefei Author Profile Page:

To jamesmoylan,

you are right. But what you can do?
They have guns, like American troops over Iraq people, like Israel over Gaza, like African warlords over poor African, like Chinese government over their people... what we can do?

You tell me, government will put you down if don't listen to them.

You think they will catch you as political prisoner? let you be the hero?

No! They simply frame you a drug dealer and put you in prison, no single small cell, those real drug dealers will share your as.

What you can do?

jamesmoylan Author Profile Page:

What Chinese Miracle?
I keep hearing about a miracle but all I can see is a totalitarian regime with a really good PR department.
All I can see is a huge country full of prison camps where a small fraction of the population are enslaving the rest so as to enrich themselves.
China is not a socialist state, nor a democracy. China is now just a prison camp where vast numbers of people slave away in horrific conditions in factories that are on par with those operated during the industrial revolution in Europe.
A new revolution is not far away.
It can't come quick enough.
Readers will note that the various Chinese State Operatives who commonly post here, invariably talking about how wonderful their country is, are not the ones who are toiling ten to fourteen hours a day in one of their hellish factories.
No, the various Chinese State Operatives who commonly post here are a part of the gang of thugs employed to stand over the workers and keep them in line.
The various Chinese State Operatives who commonly post here are just thick necked party apparatchiks who resort to using words because they can't imprison or bash the foreigners who have the audacity to post their opinions on-line.

The truth?
If I lived inside China and decided to write the above comment I would be locked up in a tiny cell and left there to rot in between torture sessions - that is if I was left alive.

thmak Author Profile Page:

To Generalyuefei: The economic situation in China now is better than the worst time in the past 50+ years. If China did not collapse then, she will not collapse now. In addition the Chinese national debt is nothing compared to USA's trillions of dollars. If USA does not collapse, China will surely not too. I hpoe you understand

generalyuefei Author Profile Page:

I agree with Mr. Pomfret that a big problem is developing in China. Throw politics away, I don't think China government can do anything about the economic problem. The only thing they can do is to make sure to block all the bad news, and brain wash people with their numbers, but how long it will last?

In Chinese history every regime changed that caused by uprising, and every uprising caused by economic failure.

I can feel how those people will react when there is no food, and massive massive people lose their jobs and money for their need; the government still tell how fast the nation is developing and the officials dress in big suit and feast. People are going to be mad as hell. If Chairmen Mao lives today, he may lead another long march, only this time it's a quick tour in shortcut. Those corrupt leaders and their family and friends lay up the brick walls and surely they will buried in their deeds in no time.

It won't be 1960 for sure. Chinese define human rights as rice. I hope all those officials better apply getting another country's passport and transfer their dirty money to other national banks, when things get bad they can fly away, at least, their family won't die, when hunger and anger drive all the people mad.

赛翁失马, 焉知非福?

Mr. Pomfret, it is a good thing that if China's economy fails now, so this way people are forced to make an decision, democracy time or starve to death? I think everyone will pick a right choice. nowadays best solution to treat cancer is still a surgery, cut off the dead meat so the body can heal. Even doctors use knives. If bad politicians and corrupt officials cease to breathe, at least people reduce greenhouse gas, to slow down the global warming.

Donald2 Author Profile Page:

Laws of gravity don't apply to the People's Republic of China?

No, the law of gravity does apply to China. The question is: is China still bouncing back from the self-induced compression since 1949, or even from the compression since Opium war lead by foreign forces?

The current Chinese miracle is not really a miracle. It's only a bounce back. If the current US downturn is caused by over inflated US credit, we have to look at other factors such as productivity, innovation, confidence and cost to see if US will bounce back from this mess.

The same rule applies to China. If a ball reaches its peak and gravity is stronger than bouncing force, it will go down. Otherwise, if it is still bouncing and peddling up, it will to go up.

ckk2008 Author Profile Page:

I would like everybody to click this link
http://opposingdigits.com/racistparadigm/

Check yourself. Are you an internalised racist?

The world is divided. Nothing else but by skin colour. Whether it is black, yellow , white or bronze skins they are not the starting points of racism. The Egyptians,Sumerians, Babylonians,Chinese, Indians, Europeans have through the course of their histories played masters towards others deemed inferior. Hence , it is the power through the flourishing of their respective civilisations of their times the making of such arrogance of superiority (racism).
In the Chinese case, they are behind in the fields of economic, science and technology for the last 300 years. The Whites are the leaders in such fields. The Chinese are playing catching up, as such they are expected to fall back or totally out of the games anytime by the leading players.
Such an internalised conditioning of everybody , 300 years of looking up to the Whites and the Whites looking down on the others.
So,it is the games of the Whites everybody else will bound to fail sooner or later. Are you an internalised racist?

thmak Author Profile Page:

The end of China's miracle as defined by Pomfret only reflects the USA's impotence to manage its economy properly

Aprogressiveindependent Author Profile Page:

John Pomfret includes many facts in his comments, but often undermines his opinions with sweeping generalizations or cliches. He says China's "political system is inherently unstable," without offering any substantive facts to support such an opinion. Since the Communist party has maintained its monopoly on political power in China since 1949, despite Mao's disastrous so-called Great Leap Forward, the Cultural Revolution and massive popular demonstrations calling for reform in 1989, there seems to be little in the way of facts to support Pomfret's statement.

Leaders of governments often successfully ignore protests, as presidents Johnson and Nixon did during the Vietnam war. Bush has even more successfully ignored widespread protests before and after his decision to order an invasion of Iraq. Most protests in China seem directed against local officials, who are often as corrupt and indifferent to the needs of the majority of people, as the Nationalist regime was during the 1930's and 1940's. Since the popular demonstrations of 1989 were ruthlessly suppressed, there seem to have been very few, if any, significant public protests directed against the national leadership in China.

Pomfret declares China's economic miracle is over, yet that is as premature and shortsighted as saying prosperity in the United States is over. Once there is a substantive global economic recovery, probably within two or three years, China may go back to having the extent of economic growth needed to keep the vast majority of people employed. The Chinese government and economic institutions may take actions, as some people in China and outside have suggested, to try to maintain relative widespread prosperity by emphasizing domestic spending, lessening its dependence upon exports.

edbyronadams Author Profile Page:

Having given up God and Marx to give them theoretical legitimacy, where does the Central Committee turn when the Miracle no longer suffices?

dahuanzhou Author Profile Page:

The main challenge for the Chinese government at present is to fight corruption while maintain stability at the same time, to narrow the income gap between millionaire CEO of public company and ordinary working people to reasonable level, to increase internal expenditures and to keep the foreign bosses from dodging their debts. Had it done it, it would be in better position than USA, because China has less foreign debts, no war involvement and no ambition to be a policeman.

thmak Author Profile Page:

Pomfret is using the same politically slandering regurgitation against China. He must not forget that USA is not China and that its flip flop political system and economic system is inherently unstable. "black box" of USA government-censored information and the seemingly leak-free walls of top secret, compartmental secret and need-to-know secret at the White House, State Department and CIA prevent people from getting a big part of the story. USA's government-run press release never reports things are as bad as they really are as evidenced by the Iraqi invasion. Pomfret never understands.

reader8288 Author Profile Page:

Mr. Pomfret and his fellow China bashers have time and again dreamed of and predicted China's economic or political collapse. Also time and again, these dreams never came true. This time, bad mood arising from the financial meltdown seems to be adding fever to his daydreaming.
As a member of this inter-connected world, China is surely facing economic and social challenges, the grimness of which has never been disguised by the government or the people. But the Chinese also have good reasons to be confident about their future, much more so than Mr. Pomfret's fellow citizens. To name a few: China is only a country affected by the financial tsunami, not the epicenter; China needn't borrow too much from other countries to save its economy; and eastern people's way of thinking is far different from westerners like Mr. Pomfret himself, being much more united rather than divided when facing a challenge.
In fact, Mr. Pomfret is not confident enough about his dream. Had he fully believed in his "forecast", he would have said "China is doomed to collapse", insteaded of writting that the problems were only "a wake-up call for all of those prognosticators and pundits who think somehow that the laws of gravity don't apply to the People's Republic of China."

voter Author Profile Page:

"Times are tough in the United States. It seems that they're even tougher in China." Are you trying to make yourself feel better, Mr. Pomfret?

China is a tough country to live in and historically, the Chinese have adapted to the challenges.

I agree with Jiaming that the biggest concern for China now is how to overcome corruption, nepotism and most importantly to develop and set up a constitution that every public official and private citizen will abide by. All this comes before any talk of democracy.

Citizenofthepost-Americanworld Author Profile Page:

"Times are tough in the United States. It seems that they're even tougher in China."?

I am not convinced that as such, this will come as a consolation to Americans, in the months ahead, now that the picnic is over, that time has come to give reality priority over fiction, and that the need arises to take stock of what led to the current US crisis and depression, more particularly in the last eight years, and who was responsible. For surely, some US "leaders" must bear responsibility for the Great Mess.

But there will be more, given that according to the NY Times (KEITH BRADSHER, January 7, 2009), "China (Is) Losing Taste for Debt From U.S." *

Back to the golden rule: he who has the gold makes the rule. --- New world order in the making.

As they like to say: "Don't go away, we'll be right back with more"...

*

http://www.nytimes.com/2009/01/08/business/worldbusiness/08yuan.html?_r=1&scp=1&sq=china%20us%20bonds&st=cse

jiaming Author Profile Page:

The first sentence of my last post should have been

"The immediate concern for China is NOT whether it can recover from the downturn"

jiaming Author Profile Page:

The immediate concern for China is whether it can recover from the downturn. The biggest issue with China is how to overcome the culture of corruption, nepotism, and the lack of rule of law, to go to the next level of economic success. Democracy is not the magic potion. It takes generations to change the bad habits. However, progress in the minds of the Chinese people is seen everywhere. The country is run more and more by contracts rather than personal relationships. But to go from the current level of developing status to the highly automated, advanced economy, the Chinese people have to modernize their mind.

I really wish American journalists like Pomfret can do some real journalism or intelligent analysis instead of the tired old lines like "China is not the United States and that its political system is inherently unstable". This is why the American public is so ignorant about the world that it believed every lie that Bush and Cheney told them and got the US into an costly war and an economic tsunami.

Oxen Author Profile Page:

I agree China is in for touch times, and may face serious challenges in the near future. But the end to the miracle? I don't think so.

jiaming Author Profile Page:

Don't open the champaign just yet, Mr. Pomfret. I have to disagree with your assessment that China's political system is inherently unstable. China's dynastic history yielded far more stable governments than the West for the most part of the last millenium. Only a week ago a Russian thinker predicted the disintegration of the United States by 2010.

China is in much better shape than the US to recover withing two years. Mr. Pomfret views everything through his political bias. But this is for the most part an economic and finacial issue. From that perspective, China is simply not in any danger. Here is my prediction. The US dollar will devalue by 50% in a year, causing inflation around the world including China. Chinese finally see their savings rapidly evaporate and are forced to spend. China will come out of the economic recession first. the United States will experience a much longer recession, lasting at least 3 years, but likely longer. The massive deficit forces the government to raise taxes while hyperinflation eats away most of what the average American makes.

I hope I'm wrong about my prediction on the American economy, but from an financial point of view, the US is in deep, deep trouble.

spoogra Author Profile Page:

"keep trash talks, John, you are a sour loser. Your Chinese version of this garbage will not change any Chinese mind, young or old. Dream on..."

"The very reason that China has been able to post stunning economy growth for decades is because it has a unique political system that can sort out priorities much quicker than a “stabilized” democracy and forcefully implements policies that are necessary but may not be the popular opinion."

"Seems that everyday China is on the verge of imploding. I'm not holding my breath."

Looks like we have a few rah-rah China partisans around here...it makes me sad that I'll have to wait a couple decades to watch guys like you eat their words...

spoogra Author Profile Page:

Something tells me it'll take more than a year or two of recession to bring down China's political system.

Which isn't to say it won't be brought down eventually. The Chinese economy relies a lot on relationships between local officials and Communist Party-affiliated businessmen. Someday, when China's richer than it is now, that's going to create a lot of inefficiency, which will mean a long stagnation. I'm guessing that that, not the current crisis, will be the true test for China's government.

Of course, that stagnation may be 20 years away. China still has a lot of room for easy fast growth, which will start again in maybe a year.

Donald2 Author Profile Page:

An editorial today in Economic Daily of United Daily News system in Taiwan. Their explaination of the drastic downturn is that the economic tsunami is only part of the problem. The real problem was the premature drastic effort to discourage low income export oriented industries in order to upgrade to service oriented, higher income economy. They suggest giving China's government power, there is still time to turn back the clock, and Taiwan can help.

See this link:

http://udn.com/NEWS/OPINION/OPI1/4678870.shtml

FrankRizzo1 Author Profile Page:

I think John was given the boot from China way back in the day and has been brooding angst on this website ever since. To me, his rants were at first a fresh departure from the insecure garbage spewed out by Chinese state-run media, but over time have become more or less the same baseless, jaded, regurgitated journalism that John means to contrast. Seems that everyday China is on the verge of imploding. I'm not holding my breath.

Geja Author Profile Page:

I agree with many readers here that John's blogs reflect a very shallow view of China, with little real insights. Frankly, there are many people like him, who wandered around and ended up in China, learned to speak the language (but probably can never read or write in Chinese), and married a local. They come back to the US and become "China experts", writing books and publish blogs like this.

The best way to deal with these "from zero to hero" guys is to ignore them. So I decide never read this blog again. I urge anyone who share my view to stop reading him or writing comments. Let him become oblivious.

ebundagen1 Author Profile Page:

I don't know why I always get this sense, whenever I read these articles by these, so called, China experts, of an underlying ill will towards China in the West, an unstated, but very very strong wish to see the Chinese fail.
I wonder if J. Pomfret, or any of his colleagues, is aware of the presence of this sentiment in their articles and/or cares to explain it?

Donald2 Author Profile Page:

The Chinese version is similar to what Wen Jia Bao and other Chinese officials have been saying. I think Chinese government is doing vaccine shots. Yes, the Chinese miracle started in the 90's is over and there will be bad time in the near future. However, giving the mature handling of major problems in recent government, I am sure Chinese will tough it out again.

A little story. In 1973 Middle East war when Israelis were in bad shape, western media asked Israeli officials how long Israelis can last. The Defense Minister (or someone) said:" We have been lasting for a few thousands, so we will last a little more time." Same for Chinese.

Some westerners look at China on how much threat China can post to the West. It's up to them.

I look at how Chinese can better themselves. I believe bad time is good for those spoiled Chinese young generation under single-child policy. When going gets tough, tough gets going. Great depression made a generation of good soldiers to fight WW2; Culture Revolution produced a generation of mature leaders like the class of 78. What can we expect from this economic crisis of 2009? Only something better.

jc2000 Author Profile Page:

People always say what they wish and selectively believe what they wanted to believe. China has been through much worse times before.

The very reason that China has been able to post stunning economy growth for decades is because it has a unique political system that can sort out priorities much quicker than a “stabilized” democracy and forcefully implements policies that are necessary but may not be the popular opinion.

That of course does not save China from a global economy slowdown because everybody is so interconnected to each other nowadays. Furthermore, as China gradually developed into a more and more mature market economy, the state would naturally have less and less leverage to the economy.

People like Pomfret starts by branding something is terribly wrong, then go out to pick whatever that seems to match that profile and start to bang it over and over. He would fix his eye on one single thing and drag everything else along with it, no matter good time or bad times. The truth is, everybody has had tough times. Face it and deal with it. Have Pomfret ever made any constructive suggestions? Things are never as easy as it looks. Keep an open mind and try to be positive.

There are certainly things that we do not like about almost everything. But spending your whole life beating on a single thing that you do not like? Most people who choose that kind of life path are just losers. It’s amazing, but quite pitiful that Pomfret actually have made a name by doing it.

Doubter1 Author Profile Page:

keep trash talks, John, you are a sour loser. Your Chinese version of this garbage will not change any Chinese mind, young or old. Dream on...

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