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The overriding imperative of the Chinese leadership is to avoid societal unrest.
Once the Chinese job machine stalls out, popular unrest could emerge on a scale much greater than the 1989 Tiananmen Square protests.
dailyreckoning.com/mandate-of-hea…
Once the Chinese job machine stalls out, popular unrest could emerge on a scale much greater than the 1989 Tiananmen Square protests.
dailyreckoning.com/mandate-of-hea…
This is an existential threat to Communist power.
If China encounters a financial crisis, Xi could quickly lose what the Chinese call, “The Mandate of Heaven.”
If China encounters a financial crisis, Xi could quickly lose what the Chinese call, “The Mandate of Heaven.”
That’s a term that describes the intangible goodwill and popular support needed by emperors to rule China for the past 3,000 years.
If The Mandate of Heaven is lost, a ruler can fall quickly.
If The Mandate of Heaven is lost, a ruler can fall quickly.
