Part 5:
1945 to 2020: The Big Picture
#86 China’s Overseas Policy: Part 2
Conclusions arising from China’s Global infrastructure on the world stage are still difficult to assess. Do Chinese world policies create a new form of Imperialism as part of the anti-China rhetoric suggests?
That the USA resents the rise of China as a contender for world power is obvious. China is different as a contender state when compared to Germany before 1914 and the USSR after 1945. It is worth our time to consider these large questions?
#84 Chinese Economic Growth after Mao: Part 2
China created coherent development strategies from 1949 onward. She opened her economy to the rest of the capitalist world after the end of the 1970s – a point in history when the capitalist world was beginning to develop its own 'neo-liberal' system of globalisation . This was just at the time when the West created the conditions for the free movement of capital. Neo-liberal policies were consciously intended to allow Western corporations to move their factories to where labour was cheap. At the same moment in history, China was opening her doors to receive Western companies who wished to use the cheap labour of China, spare resources, and industrialisation: the build-up of spare capacity.
#83 China’s Economic Growth After Mao: Part 1
The issue that has undermined western Chinese analysis is Mao. During Mao's period, China was a closed society, relatively speaking. Mao struggled with the central issue of the Communist Party: how to create an industrial revolution, without becoming dependent on western economies. The period of his rule was turbulent. Western assumptions that there was a lack of growth during Mao’s time have been shown to be false. In fact, between 1970 and 1979, China’s GDP growth rate was 6.8% per annum. That statistic implies a continuous growth rate every year in fact for 70 years. If we examine capital accumulation, i.e., the growth rates of productive capital stock, capital equipment, machinery, tools, industrial buildings, excluding residential buildings and the value of land, there was an annual growth rate of 10.3% from 1952 to 2015.