The world will be listening to Xi Jinping at Davos

17th January 2017 Socialist Action 0

The following article by John Ross, examining the significance of Xi Jinping’s participation in the Davos World Economic Forum, was previously published by Socialist Economic Bulletin.

Xi Jinping is the first Chinese president to speak at the Davos World Economic Forum. This visit has attracted even greater international media attention than the normally high levels of interest in a trip by China’s leader. As the Financial Times chief foreign affairs columnist Gideon Rachman put it, “The big star of this year’s forum is certain to be Xi Jinping.”

The US, UNCLOS and the militarisation of the South China Sea

21st July 2016 Socialist Action 0

The following article on the US militarisation or the South China Sea, by Jude Woodward, was originally published by New Cold War.org.

On 12 July, the Arbitration Court at The Hague handed down judgment on the case brought under the UN Convention on the Law of the Sea (UNCLOS) by the Philippines against China. In a pre-arranged declaration, the Court ruled comprehensively against China’s claims in the South China Sea.

Why China can achieve its 6.5% growth rate target

24th March 2016 Socialist Action 0

The following article by John Ross, explaining why China can achieve its 6.5 per cent growth target, was previously published by Socialist Economic Bulletin.

Economic targets for China were announced during the National People’s Congress of at least 6.5% annual GDP growth during the 13th Five Year Plan in 2016-20 and 6.5%-7.0% for 2016. Some Western economists claim such targets cannot be achieved. In fact, analysis of supply side factors, which will primarily be relied on to achieve these goals, shows clearly why China can achieve its 6.5% minimum growth goal.

China won’t have a hard landing – because it is not a capitalist economy

16th March 2016 Socialist Action 0


The following article by John Ross, setting out why the Chinese economy will not have a hard landing, was previously published by Socialist Economic Bulletin.

Some US hedge funds, echoed by parts of the international media, are currently trotting out the perennially inaccurate myth that China’s economy is about to suffer a “hard landing.” This invariably incorrect prediction has been periodically repeated for decades since China launched economic reforms in 1978. The claim then was that by failing to privatize companies, not adopting what became known as “shock therapy” in Russia and Eastern Europe, China condemned itself to stagnation. Instead in 1978-2015, China experienced average annual 9.6 percent GDP growth – the fastest by a major economy in human history.

The general significance of China’s discussion on the economy’s ‘supply side’

29th January 2016 Socialist Action 0

The following article, by John Ross, on  China’s discussion on the economy’s ‘supply side’, was previously published by Socialist Economic Bulletin.

A major discussion is taking place in China on the issue of its economy’s ‘supply side’. Naturally there are aspects of this which relate to specifically Chinese issues. Discussion in China also differs fundamentally from that in the West in that it takes place simultaneously in both ‘Western’ and ‘Marxist’ economic terms. Nevertheless the overall framework of this discussion equally relates to the key issues of economic policy in Western countries.

The US escalates tensions in South China Sea

9th November 2015 shoreditchadmin2 0

At the end of October the USA escalated tensions in the South China Sea by sending an American destroyer within the 12-mile coastal limit of Chinese held islets. Having been threatening to take some form of action against China in the South China Sea for several months, the US action when it came was rather limited. But nonetheless it was a provocative act and elicited a strong verbal response from China.