Published 06:58 IST, January 5th 2021
China unlikely to achieve 2035 economic goals as Xi Jinping prioritises repression: Expert
Babones said that Xi’s recent prioritisation of foreign security goals over economic ones will make it much more difficult for China to meet its 2035 targets.
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China is unlikely to achieve its ecomic and social development targets by 2035 as President Xi Jinping continues to prioritise security goals and repression over reforms, as per a foreign affairs expert. Salvator Babones, who is an adjunct scholar at Centre for Independent Studies in Sydney, said that while ecomic growth is certainly still a high priority for Chinese Communist Party (CCP), domestic repression ranks higher. Babones also ted that Jinping’s preference for security goals over ecomic ones extends beyond Chinese borders.
article published in Foreign Policy magazine read, "Xi first floated his goals for 2035 in a party congress speech three years ago and has w enshrined m in doctrine. In Xi's vision, China's ecomy will reach a 'new level'--but so will government's capacity to monitor and control it. And that marks a crucial change in priorities: Although Xi cares about growth as his predecessors did, he cares about control much, much more."
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Babones added that Xi’s new brand of "wolf warrior" diplomacy is costing China its foreign markets for products and services. He ted India’s ban on Huawei, Alibaba, TikTok along with or Chinese apps and smartphone makers, which were well on ir way to make dominance in world’s second-most populous market. Furr, foreign affairs expert said that Xi has thrown over a million Uyghurs into forced labour camps, has imposed a draconian national Security Law in Hong Kong, and reactivated dormant part committees in private companies.
"Beijing anunced it was investigating Alibaba Group, online retail giant also founded by Ma, and last week ordered him to essentially break up Ant. Advocacy for ecomic reform, tolerated by previous CCP leaders as necessary for nudging country in right direction, is w considered tantamount to treason," wrote Babones.
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China’s ‘frosty’ relations
Moreover, scholar also added that China’s "frosty" relations with or countries are hurting its ecomic growth in those countries. Babones ted that China has snapped ties with Indonesia, prompting Jakarta to turn to Japan for help with a flagship high-speed rail project. In South China Sea, Chinese powers have harassed Malaysian oil exploration efforts. China has also picked a fight with Australia, which was once its closest partner outside Asia.
Babones said that Xi’s recent prioritisation of foreign security goals over ecomic ones will make it much more difficult for China to meet its 2035 targets. However, Xi insists that he can still deliver on GDP target he agreed to eight years ago. Babones said, "If it meets expectations, growth during first half of 2021 will be sufficient to push Chinese ecomy over arbitrary moderately prosperous society line."
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(With inputs from ANI)
06:58 IST, January 5th 2021