A 2018 internal speech in which Xi Jinping highlights the revolutionary character of the Communist Party of China was published. We open thread with its six pages and the most important phrases. 🧵1/10
📷 Ju Peng/Xinhua
This is a standard CPC practice: speeches given only for cadres or officials in closed settings are shared publicly months or even years later depending on the situation. 2/10
📷 Xinhua
Citing Marx, Engels, Lenin, Mao and Deng, Xi reviewed the history of scientific socialism and highlighted China's importance for the continuity of the world socialist project after the Soviet collapse. 3/10
📷 Chinese Posters
"Practice has shown that our Party is capable of leading the people not only in a great social revolution, but also in a great self-revolution of the whole Party." 4/10
"Our Party has made important achievements over time, but the main problem is that the building of socialism in a semi-colonial and semi-feudal society like ours is an unprecedented undertaking, and there is no ready-made model to follow."/5
"If socialism had not achieved the current success in China, then the practice of socialism might have to wander back into obscurity for a long time, again like a ghost wandering through the world, as Marx said."/6
📷 Xinhua/Liu Jinhai
"Our Party has the responsibility, confidence and the ability to make greater historic contributions to the new development of scientific socialism. We must not forget that we are communists and revolutionaries and must not lose our revolutionary spirit."/7
"Once a regime is established, it is not easy to maintain prosperity and lasting peace. Without reflection, vigilance and effort, even the most powerful regimes can come to the end of the road."/8
"A generation does the work of a generation, but without historical perspective, without long-term vision, it cannot do the things of the moment either. The times are the questionnaire, we are the answerer, the people are the reader."/9
In this link you can read the complete document in English:
🇨🇳 | China invests US$5.4 billion in 2-year-old memory chip maker as self-sufficiency drive accelerates. 🧵1/13
Beijing has been intent on making breakthroughs in its semiconductor industry as the US tries to limit China’s access to cutting-edge chip technologies. 2/13
Semiconductor start-up Changxin Xinqiao Memory Technologies has raised 39 billion yuan (US$5.4 billion) from government-backed investors, a sign Beijing is doubling down on its efforts to achieve technological self-sufficiency and counter US sanctions.3/13
📣 📕 Did you know that China lifted over 800 million people out of extreme poverty? What does this have to do with socialism?
Issue no. 2 of the international edition of Wenhua Zongheng, the Chinese political & cultural magazine, is out now via @tri_continental & DS 🧵 1/14
This issue assesses the current state and future direction of China’s socialist project, in its complex historical development, and places the country's current battle against poverty in the context of its decades-long pursuit of socialist modernization. 2/14
In China, the history of industrialization has been and remains inseparable from the building of socialism. The 1978 reform and opening up re-introduced private capital and market forces into the country, integrating China into the international economic system. 3/14
China's central government seeks to control the "hidden" debt of local governments. It is estimated to be between 50 and 70 trillion yuan (US$ 7.1 - 9.9 trillion), almost twice the GDP of Japan. But what is this invisible debt all about? 🧵1/9
To start talking about hidden debt, we need to understand what "local financing vehicles" (LGFVs) are. These are state-owned enterprises that issue debt bonds to finance projects, such as infrastructure projects, which are key drivers of economic growth. 2/9
The main holders of LGFV bonds include insurance companies and banks. Debt is also hidden in public-private partnership projects, loan contracts and other channels used by local governments to raise money. 3/9
The rise of thangka art is transforming the small Tibetan town of Wutun into a giant Buddhist art factory. Artworks known as thangka often depict Tibetan Buddhist deities and, until recently, had an exclusively religious meaning. 🧵1/4
They were produced for local monasteries, who used them as teaching and meditation tools. Thangka production has played a key role in revitalizing the local economy. 2/4
The government has created a dozen painting academies that provide free training for students from impoverished families. Now at least 40,000 people are employed in the thangka industry, generating 780 million yuan a year. 3/4
China wants to have its own "Silicon Valley": it will build an international science and technology innovation complex in Beijing, and plans to complete it by 2025.
Follow our thread 🧵1/8
The government unveiled a "battle plan" to build the International Science and Technology Innovation Center to advance key fields such as low-carbon energy, space, life sciences, Earth research, and artificial intelligence. 2/8
By 2025, Beijing's high-tech industry is projected to have 260 R&D employees for every 10,000 workers. contributing more than 1.2 trillion yuan (US$170 billion) to the local economy, a 13% increase over 2022. 3/8