Socialist Appeal
The British section of the International Marxist Tendency
At the recent Congress of the Chinese Communist Party, Xi Jinping concentrated power in his hands, hoping to provide stability in the face of a growing economic crisis. But state control cannot hold back the brewing explosions.
Whilst US imperialism fights a proxy war with Russia in Ukraine, China is looking to expand its spheres of influence in South East Asia and the Pacific. Tensions are rising between the world’s major powers. Storm and struggle lies ahead.
An immense crisis is brewing in the Chinese economy, with ominous parallels to the 2008 crash. This will send shockwaves across the world, and across Chinese society. The scene is set for a period of intense instability and class struggle.
The oppression of the Uyghurs by the Chinese regime is real. But Western imperialism's condemnation is a cynical attempt to put pressure on Beijing. Sanctions will not alleviate the plight of the Uyghurs - only class struggle will.
After 2008, China prevented a global depression by taking on a massive amount of debt. However, this merely paved the way for a larger crisis. This time the economic crisis will be far deeper, as China can no longer play this role.