Analysis A number of articles have claimed that China is the first country to launch a sovereign cryptocurrency, but this is not exactly true. Money has three uses: as a medium of exchange, a store of value, and a unit of accounts. If an asset cannot be used to make purchases, stored in a savings…
China’s Sovereign Cryptocurrency: A Pipe Dream or a Draconian Movement Toward Totalitarianism?
Chinese Communist Party Sycophant Seeks to Redefine American Exceptionalism (and Fails)
September 15, 2021
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ConstitutionCultural RevolutionlibertiesOpinionthe CCPThe United StatesThinking About ChinaViewpointsWolf Warrior diplomacy
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Commentary An agitprop article in China’s state-run media continues the relentless ChiCom (Chinese Communist) theme that America is in decline. The Global Times published an article titled, “US is no longer exceptional, but it takes time to accept this fact,” and was written by the longtime China apologist Martin Jacques. He wrote, “9/11, and the…
The Unchanging Chinese Communist Party
September 15, 2021
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freedom of speechHong KongmassacreOpinionthe Great Cultural RevolutionThe Great Fire WallThinking About ChinaTiananmen Squareuniversal values
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Commentary Le Figaro editor Jean-Baptiste Alphonse Karr wrote in 1849 that “the more things change, the more they remain the same thing.” This is a phrase that today’s China watchers would do well to keep in mind as Beijing strives to present itself to the world as a new kind of “superpower” uninterested in altering…
The End State of Communist China’s Opportunism
September 14, 2021
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Commentary The aggressive and expansionist actions of the Chinese Communists (ChiComs) over the past several decades are part of a grand plan to return China to its historical prominence as a world leader—this time under communist control. After all, China was once the most advanced civilization in the ancient world. As noted here, “China was…
‘Xiconomics’ Is a Myth, but It Allows Xi Jinping to Further Consolidate Power
September 14, 2021
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AnalysisChinaChina Business & Economychina economic slowdownChinese RegimeOpinionThinking About ChinaXi Jinping ThoughtXiconomics
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Analysis During China’s Cultural Revolution, it was mandatory for citizens to not only read the “Little Red Book” of Mao Zedong, but to carry it with them at all times. Similarly, “Xi Jinping Thought” on socialism with Chinese characteristics is now mandatory for all elementary and secondary school students. “Xi Thought” is also taught at learning…
Like China and India, the US Also Has a Caste System
Commentary What have the caste systems of distant places like China and India got to do with the United States? Absolutely everything. In a previous article, I discussed the effects of hukou, China’s brutal caste system. The Chinese method of social stratification rewards only a select few; hundreds of millions of citizens, mainly those from…
Chinese Artist Knocked by China Corruption in Big Western Banks and Museums
Commentary The Chinese performance artist Ai Weiwei has never been convicted of a crime. Yet, Credit Suisse, one of the world’s largest banks, cited his “criminal record” in China, according to Reuters, to justify closing his bank account. Meanwhile, pro-Beijing politicians in Hong Kong are raising a ruckus about Ai’s art, which they claim violates…
Beijing Walks Tightrope on Domestic Housing Market
Commentary In late 1979, then-Federal Reserve Chairman Paul Volcker announced a bold plan to get rid of the high inflation that had plagued the U.S. economy for much of the 1970s—by eventually raising interest rates to 20 percent. The move sent the U.S. economy spiraling to a severe recession for the subsequent few years, but…
Where Will This End? The Limits of Taiwan-Japan Relations
Commentary Where the recent escalation of tensions will end must be a question being asked frequently in the Chinese leadership compound at Zhongnanhai in Beijing. Though unacknowledged by Beijing, China’s increasingly strident verbal and military actions in support of its desire to annex Taiwan, by force if necessary, have resulted in closer Taiwan-Japan relations and…
As Beijing Takes Aim at Algorithms, Algorithms Take Aim at Americans
September 13, 2021
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Commentary For months now, the Chinese Communist Party (CCP) has been cracking down on big tech companies. Now, it has algorithms in its crosshairs. At the end of August, the Cyberspace Administration of China released a set of guidelines, replete with 30 different “suggestions.” Ostensibly, the new rules are intended to stop algorithms from manipulating…
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