China, Another Nazi Germany?
Some economists in Japan have judged that the growth rate of the Chinese economy is minus 3%.
It is because the most reliable indicator of the Chinese economy is its trade statistics and it showed that the Chinese trade decreased by 15% year on year. This figure is the same as that observed in the US after the 2008 Financial Crisis, and at the time the US GDP dropped by 3%. Accordingly, they have judged that the Chinese economy has shrank by 3% but has not increased by 6.9% as the Chinese Government announced.
The Chinese Government is not checked by its people. There are no democratic systems in China. No democratic parliament with openly elected representatives exists in China. No Chinese ministers and elite bureaucrats have a duty to honestly answer questions in free press conferences or parliament sessions. Rather, any newspapers, TV stations, and other media would be suppressed and attacked by the Chinese Government if they present any reports or comments against official policies or data presented by the Government.
There are stock markets and some financial forums in China. But they are not rooted in democratic society. The Chinese market is partially or mostly controlled by the Government that can boost market prices/indexes and exchange rates at will, if necessary. They even once banned export of rare metals to Japan, the US, etc. for some political reason.
But the Western world seems to think that it is better than chaos, turmoils, or civil war in China. As long as China can export cheap goods to Japan, the US. the EU, and other global markets, and in return import many products from, and invest big money in, those regions, they don't mind what figures the Chinese Government presents as an official GDP value or other economic data.
However, it is dangerous. It might be regarded as a great experiment of big economy without support from democracy. But, it is too risky to the global economy.
For example, even Nazi Germany succeeded in its economic policies before WWII. Even Germans were at the time practicing democratic processes in their politics. But China has no such processes.
We may as well regard China of today as another Nazi Germany.
**** **** ****
Luk 10:31 And by chance there came down a certain priest that way: and when he saw him, he passed by on the other side.
Luk 10:32 And likewise a Levite, when he was at the place, came and looked on him, and passed by on the other side.
Luk 10:33 But a certain Samaritan, as he journeyed, came where he was: and when he saw him, he had compassion on him,
Luk 10:34 And went to him, and bound up his wounds, pouring in oil and wine, and set him on his own beast, and brought him to an inn, and took care of him.