Translator: MOS Translation Group – GBW

I recently had several conversations with an old friend in the Chinese Communist Party (CCP). Most of my understanding of the CCP was influenced by this friend, especially prior to 2017 when I got to know Miles Guo’s Whistleblower Movement.

My friend mentioned that his family was considered the capitalist-class during the Kuomintang Era and his ancestors were well-off. After the establishment of the Communist regime, the CCP started land reform and treated the landowners ruthlessly, weaving a list of charges to seize land and persecute landowners. However, the CCP treated the capitalists in a relatively friendly manner, mainly by contributing capital and acquiring equity shares from capitalists to form public-private partnerships. At that time, his grandfather sold his company to the CCP and then moved the family to Hong Kong.

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Subsequently, the CCP orchestrated the Great Leap Forward fiasco, which failed. At the 9th Plenary Session of the 8th Central Committee of the CCP, Mao Zedong stressed the need to restore the fine tradition of seeking truth from facts and called for promotion of investigation and research. This fickle approach of the CCP was indeed very deceiving. It was at that time that my friend’s father answered the call of the CCP and returned to the mainland from Hong Kong to work in the education sector. Then the Cultural Revolution broke out, and he has been stranded in Mainland China ever since.

As early as 2009, this friend told me that it is really easy to be an official in the CCP nowadays. Their methods are tearing down buildings and constantly remodeling. There is no need to worry about the so-called — performance issues. Even a pig would be able to do the job. As a result, the same economic model of the CCP has continued to date. The core industry is real estate, constantly demolishing and building as housing prices keep rising. Other industries are just a facade for decoration and beautifying. One of the manifestations of this model is Guangzhou’s famous university, South China University of Technology, whose School of Architecture has had a profound impact on the domestic construction industry. The size of the school has grown explosively in recent years, taking up other parts of the campus and becoming a dominant force.

This friend has a colleague who sold a home at the end of 2020. In April 2021, the paperwork for the transaction was almost completed, but the bank (one of the four major banks) still hadn’t transferred the buyer’s funds to him, citing a tight liquidity. The amount was just over 2 million yuan. In fact, Guangzhou’s property prices are still rising. For example, the existing home price in Guangzhou’s CBD Zhujiang New Town jumped to a staggering 150,000 yuan per square meter compared to last year’s more than 80,000 yuan per square meter, but there is actually little transaction at the elevated price. My friend also said that if you still want to buy a house in China now, do not consider the 30-floor high rise apartments, which have no future.

All of the above indicates that the CCP regime’s macro-management of the economy has reached an unprecedented level. In the ongoing, hidden economic war between the U.S. and China, the CCP intends to gradually release purchasing power   through macro-management in order to delay the burst of the bubble, hoping to hold on until the U.S. economy collapses first. At this point, we should admit that the CCP has an institutional advantage and will win the economic war as long as the U.S. and China do not completely decouple.

At the same time, the CCP is also increasing the size of its hospitals in various districts, presumably in preparation for the U.S. decoupling from China at any moment. Once the U.S. and China are fully decoupled, the CCP will lose its source of supply and will inevitably go down the road of a Venezuela-style isolation. By then the fake rolling pin economy is bound to collapse and the people are bound to suffer. But I personally do not agree with Wang Qishan’s statement that the Chinese people can eat grass for three years. Today’s Chinese people are no longer the Chinese people of the Great Leap Forward era, when the people were used to enduring hardship and a frugal lifestyle shortly after the civil war. Now a significant portion of the country, especially the young, are mostly brainwashed, arrogant, impatient, and only care about eating, drinking, and having fun. Once hit by a major change, will Chinese people still be so loyal to the CCP? Water that carries a boat can also overturn the boat. You don’t believe it? We will see.

Original Article:

 【战友心声】从墙内一线城市近况看灭共进程 – GNEWS

Author: Hong Kong Group | Editor:  Brian Sanitizer  |  Posted by: Xiaolunn

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