[ad_1]
Jamil Anderlini’s interesting comparison (“How Xi’s China came to resemble Tsarist Russia”, Opinion, June 17) misses a vital point.
There has never been a major systemic change in a country in which the people could see that their lives had materially improved and had every expectation that this would continue in the future.
Between 1999 and 2019 (used to avoid the effects of Covid) the gross domestic product per capita of the People’s Republic of China increased by a multiple of nearly 10. With annual growth rates slowing to around 6 per cent, a Chinese citizen can still expect to double their standard of living in about 12 years. People will tolerate a lot of inequality so long as their lives are also improving.
If the Chinese Communist party is able to promote economic growth, it has nothing to worry about.
And since the developed economies give no indication that they are either able or willing to cut China out of the global economy, high levels of economic growth in the PRC look set to remain in place for a long, long time to come.
Guy Wroble
Denver, CO, US
[ad_2]
Source link
