Socialist Appeal
The British section of the International Marxist Tendency
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.
The spread of the coronavirus across China is starting to have serious political repercussions for the regime. Social tensions are heightening, the economy is stalling, and the stability of the system is under threat.
The Coronavirus outbreak in China has caused widespread fear across the country. A perfect storm of bureaucratic blunders and the drive for profit has resulted in a growing crisis, heightening social tensions in China.