Today is the first day of the National Day holiday, and everyone is celebrating happily. However, the popularity of the Dongfeng intercontinental ballistic missile remains unabated, and today #洲际喷球# has once again topped the Weibo hot search list.
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Tag: economic planning
The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies
China’s hybrid “state capitalist” system, driven by centralized planning and fierce competition, has led to dominance in critical technological fields and emerging markets. Western multinational corporations are advised to adopt a pragmatic approach to capitalize on four key strengths of China’s economy: its innovation ecosystem, its investment in the Global South, its ultra-competitive markets, and its vast consumer base. Those who fail to engage risk losing global revenue and strategic opportunities.
The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies
On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatization and job losses.
Jianlong Steel Holding Company official Chen Guojun, who earned over 3 million yuan the previous year, planned to take over the majority state-owned Tonghua Iron and Steel Group. He announced plans to cut the number of workers from 30,000 down to around 5,000, with those made redundant receiving around 200 yuan in compensation. The firm was still profitable, but the planned restructuring was aimed at increasing profits further amidst a global economic downturn.
Outraged, the workers shut down production and rioted, beating Chen, blocking roads and smashing police cars to prevent police and ambulances from reaching him.
The sale was subsequently scrapped.
On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatisation and job losses.
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WHY THERE HAS BEEN AN OVERWHELMING FAILURE TO UNDERSTAND CPC IN WEST + MORE
WHY THERE HAS BEEN AN OVERWHELMING FAILURE TO UNDERSTAND CPC IN WEST
China has never regarded itself as a model for others. It has long recognized that its history, culture and sheer size make it unique. China has never required or expected other countries to be like it. The CPC has never thought its political system should be regarded as a template for others, unlike in the case of the US, UK and the former Soviet Union. China’s rise will not change that. In the longer term we should expect a different tendency: As China becomes increasingly important and influential as an exemplar, other countries will inevitably seek to learn from its achievements, be it, for example, economic policy, dealing with pandemics, technological innovation, governmental competence or climate change.
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Ms. Cat’s Chronicles 