Inidan opposition Rahul Gandhi calling for Adani's arrest?
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It is very simple why we must fight:
They have zero leverage to impose plaza accord on China, absolutely nilSo they are going to attempt Plaza Accord 3.0
Lets not go down the path of personal worship, and over attribute works to one person. He might started the real estate crack down, which I agree, the implementation leaves something to be desired. An actual financial genius would avoid it. He got the job done but lacks finess. For example, the change of policy was sudden and ill communicated. It led to many developers get caught in a debt crisis. The crisis led to many people hurt. The house they bought are unable to complete. This contribited the slow down recent days. Despite lifting restriction, developers are to injured to function at optimal level. Sign of overcorrection. These problems could be avoided through finer legal/financial restriction, before the final ban.It is very simple why we must fight:
1. America has begun territorial aggression against China. We must defend our homes.
2. No person in China has made a referendum or decided saying US should be "the leader of the world" yet this is what US wants to be. Whenever a country wants more rights than average, it must be asked "what's in it for China?". In for example Russia's case, we support their extraordinary privileges because they support us in return. US has not proposed adequate concessions to have any privileges, so China must steadfastly work to stop them.
Xi has always been soft on America leader. Among the top politicians, he's the only one that has roots with America. I don't trust him personally with doing enough to stop the US threat, but Xi is just 1 decision maker in a whole board of decision makers. We see the MSS/foreign ministry putting in good work destabilising and hurting US/pro US countries/interests. The rearmament pace leaves something to be desired, but at the same time, it is enough to defend the home territories and conduct counterattacks, so we can't criticise it too much.
However Xi has talent in doing other things. He's put China far ahead economically, fixing the issues (mostly housing) caused by policies going as far back as Deng. Imho he is a genius econ/tech administrator. It is just unfortunate that he likely leads the dove faction at the same time.
He's successfully kept and widened China's lead despite a lot of predicted and unpredicted challenges, he's also invested said lead into useful areas. Based on that I'd easily argue he's at least on par with Merkel or Putin in econ/industry policy adminstration. Maybe genius is too strong semantics, but he's in the highest tier of current leaders.Lets not go down the path of personal worship, and over attribute works to one person. He might started the real estate crack down, which I agree, the implementation leaves something to be desired. An actual financial genius would avoid it. He got the job done but lacks finess. For example, the change of policy was sudden and ill communicated. It led to many developers get caught in a debt crisis. The crisis led to many people hurt. The house they bought are unable to complete. This contribited the slow down recent days. Despite lifting restriction, developers are to injured to function at optimal level. Sign of overcorrection. These problems could be avoided through finer legal/financial restriction, before the final ban.
1. The banks should have issued warning and stop financing developers for new projects, thereby slowing down housing without sudden debt pressure.
2. For existing projects they should ban developers earning downpayment until buildings complete. This will severely discourage developers taking stupid debt risks. They must finish existing project before having money for new ones. This has already implemented today, but only 3 years after real estate crack down. So clearly party agree with this but likely had no foresight of doing it earlier.
3. Once above two passed for 3 month, begin actual legal restriction we had. Starting from tier 1 cities, restrict ownership to resident who paid for health insurrance. Ramp up to tier 2 cities after 2 month.
This more gradual crack down could achieve the same goal without unexpected injury we have. The goal is to end speculation, not killing developers and house buyers.
I think this example shows the government has noble intention but lacked experience in terms of law. This is not the only example, the bankrupcy law was also flawed which led to the awkward social credit thing. A matured bankrupcy legal framework could have prevented bankruptcy abuse in first place.
The party's mistake is somewhat excused. The country started communist, reformed in 80's. Of course leaders had less legal experience governing a capitalistic economy. There are still some growing pains today. Had the economy remained planned, the sudden legal restriction would have been fine. There would be no bank lending money to indebted RE developers, government say stop and everything halt with no downstream innertia.
Back to Xijinping, he is not a genius financial guru like you claimed, his government makes all kinds of 'amateur' mistakes. But I think he can be excused a little. He is only a moral leader that gave the goal, he has no obligation to know finer details. I will not personally blame him for mistake of party beaurocrates, but I will not attribute all party success to him either.
We should rate xijinping based on his actual role. He is a moral person willing to take the pains for long term benefit, but he is not a genius. His work does not look genius, those are shoddy, but he is never entirely wrong. Xi is a moral, decisive leader that is good enough for his job. Mao and Deng is a level above him, but do we always need a genius? Xi is not a genius but compared to his competition he may as well be one. That is good enough.
Do not insult Xi by comparing with Merkel. I said Xi is not a genius, I never insulted him.He's successfully kept and widened China's lead despite a lot of predicted and unpredicted challenges, he's also invested said lead into useful areas. Based on that I'd easily argue he's at least on par with Merkel or Putin in econ/industry policy adminstration. Maybe genius is too strong semantics, but he's in the highest tier of current leaders.
I don't think any of the points you raise points towards a "lack of finesse". You're talking about a country with 100% of the population and 70% gdp of the whole western world combined. All the finesse went to successfully making the transition quickly while still widening China's lead at the same time.
Turning "fast and steady" might be a thing if you're on a sailboat, but even the best captain ever abruptly turning an aircraft carrier around will still make splashes.