What is constraining China s economy

Mondo Finance Updated on 2024-02-26

During the period, Mr. Hu Shi and Mr. Liang Shuming had a dispute about being China's biggest enemy, Mr. Liang Shuming thought it was the imperial capital attention and feudal warlords, while Mr. Hu Shi thought it was poverty, disease, ignorance, and disturbance, Mr. Hu said: "Everything is attributed to imperialism, and who is Zhang Xianzhong and Hong Xiuquan to blame?" Opium was imported from abroad, so why didn't the world's growing nations suffer from it? Are the opium poppies that are all everywhere in the sky today forced by imperialism to be planted by us? Why did imperialism take advantage of this to become a world power? To this day, I still admire Mr. Hu's insight, and looking back at China today, why is it not the case? All day long, we blame the United States for the contradictions in economic development, but we have never seriously reflected on what is wrong with our economy. What economic policies are appropriate and what are wrong? What is holding China's economy constrained?

Since 2023, a big dilemma we are facing is the outflow of foreign capital, and our country has issued a lot of policies in the hope of attracting and retaining foreign investment, but basically with little effect. The reason has nothing to do with the economy, and the concerns of foreign companies are China's recently revised National Security Law and Counter-Espionage Law, and there are many vague expressions in these revised regulations that make foreign companies feel very uneasy, which means that as long as China feels that it is necessary, it can carry out investigations against foreign companies, which is unacceptable to foreign companies. I am afraid that we did not take into account such a negative situation when we revised the regulations. It is precisely because of this political uncertainty, coupled with the growing political tensions between China and the United States, and the slowing domestic economic growth that China's attractiveness to foreign companies is declining.

In addition to political uncertainty, have there been any economic mistakes? The real estate industry has been forced into a hard landing, and the real estate industry is problematic, which itself is the barbaric development of the industry caused by inadequate supervision, and it should definitely be governed, but why should the real estate industry be tightened in the relatively difficult epidemic period of the domestic economy? Various measures to curb sales were added layer by layer, which eventually led to the collapse of the entire industry. Have we made scientific decisions in the implementation of these policies, have we conducted feasibility studies and analyses by expert groups, and have we conducted actual argumentation and analysis? Or is it just a sentence "homeowners don't fry", so it has to be done. In the final analysis, this is not the economy, it can only be the so-called correct position.

It is a good choice to blame the United States for all its mistakes, because on the one hand, it can divert domestic contradictions, and at the same time, it can also cover up its own policy mistakes, and even establish the image of a fighter against the United States. However, as Mr. Hu Shih said, our enemy is always just ourselves. When the outbreak of the epidemic, our experts were busy punishing the doctors who issued timely warnings but did not stop the spread of the epidemic in time; When the Russian-Ukrainian war broke out, we maintained neutrality, but a large number of pro-Russian remarks on our own made European and American countries suspicious of China; When the negative effects of economic globalization continue to show, we will only accuse the United States of protectionism; When we forcibly intervene in Hong Kong's politics and law, this former Asian pearl is doomed to a bleak fate; When the state amends the constitution for no reason, decades of efforts to build democracy are gone.

What's holding China's economy back? Are those politically correct experts? Is it the unreasonable suppression of the United States? Or ourselves, the ...... who perish in silence

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