China

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.

No China’s economy is not going to crash – why China has the world’s strongest macro-economic structure

5th September 2015 Socialist Action 0
The following article, by John Ross, on why China’s economy is not going to crash, was previously published by Socialist Economic Bulletin.

A great deal of highly inaccurate material is currently appearing in the Western media about the ‘crisis’ of China’s economy – an economy growing three times as fast as the US or Europe. This follows a long tradition of similarly inaccurate ‘crash’ material on China symbolised by Gordon Chang’s 2002 book ‘The Coming Collapse of China’.

A victory parade for China and humanity

2nd September 2015 Socialist Action 0

The following article by John Ross, on China’s 70th anniversary Victory Parade, originally appeared on china.org.cn.

On September 3, China will stage a Victory Parade commemorating the Chinese People’s War of Resistance Against Japanese Aggression and China’s contribution to the World War against fascism. This is a solemn day for China and an opportunity for the world to better understand events that are not only historical in character but without which today’s world cannot be comprehended.