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Tim Horton Balding @BaldingsWorld
, 5 tweets, 1 min read Read on Twitter
Collection of thoughts about the Xi speech today:
1. This speech was like all other CCP speeches.
2. Did anyone really expect any different
3. Never focus on the words focus on the action afterwards. All about action
4. This was all about the PR 1/n
5. The further into Xi's administration we get what really strikes me is how utterly devoid of ideas his administration is. They toss around all the right words but they have institutional strength to execute reform and no idea what that even looks like. I would call it 2/n
The Sovietization of the CCP. They got nothing. Their only objective is to try and make sure the whole thing doesn't blow up. They have no idea what to do. Along with this is how weak Xi really seems. He is struggling to steer this ship 3/n
6. Along with the lack of ideas, Xi is declaring that the CCP is all that matters in everything. From the economy to basic life. We must put the dreams of what outsiders would consider reform and retire them. Part of this is that Xi believes (I suspect) that he 4/n
cannot allow any real marketization in China without unleashing enormous ENORMOUS risks. Xi will never be unable to solve these risks but he will prevent them from spiraling out of control. Expect nothing but more of the same (and most likely not insignificant stimulus). Done.
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