#PRC: Reports of the decline are routine. Charles Burton, senior fellow at the Centre for Advancing Canada's Interests Abroad at the Macdonald-Laurier Institute, on the attached, which will run on Monday in the Globe&Mail. @GordonGChang, Gatestone, News
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 29 August 2023
⏱️ 11 minutes
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#PRC: Reports of the decline are routine. Charles Burton, senior fellow at the Centre for Advancing Canada's Interests Abroad at the Macdonald-Laurier Institute, on the attached, which will run on Monday in the Globe&Mail. @GordonGChang, Gatestone, Newsweek, The Hill
https://www.theglobeandmail.com/opinion/article-chinas-growing-economic-angst-is-another-political-threat-for-xi/
Transcript
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| 0:00.0 | This is CBS, I In The World. I'm John Batch from my colleague and co-host Gordon Chang at |
| 0:10.5 | Gordon G Chang. Headlines, London, Chinese economy, Chinese stock rally fades after Beijing |
| 0:18.9 | cuts trading levy. Two, Chinese companies earnings to lay bare impact of economic slowdown. |
| 0:26.1 | Three, Evergrande shares fall nearly 90% as credit or talks postpone. Gordon, these headlines |
| 0:35.2 | are not shocking at the same time they come randomly on this day. Is it now evident in London |
| 0:42.5 | the last of the China bulls that the Chinese business plan has failed? Is that why we're |
| 0:47.6 | seeing these headlines stacked on top of each other randomly? Good evening to you, Gordon. |
| 0:52.7 | Good evening, John. Maybe it's evident to the readers and the editors of the Financial Times, |
| 0:58.9 | but I'm not sure that it's evident to the British political system, which is still trying to |
| 1:04.5 | establish and maintain cordial relations with China. We welcome our good colleague, Charles Burton, |
| 1:12.6 | on the opinion page in the Globe and Mail right now, Charles measure of the Chinese business plan |
| 1:19.7 | failure, which is echoed in these headlines from London. Charles, a very good evening to you. |
| 1:25.6 | Thank you very much for joining. Right now, we have to look at the geopolitical risk of the Chinese |
| 1:33.3 | business plan failing. Is this something we prepared for in Canada, in the United States, |
| 1:39.3 | in Europe? Good evening to you, Charles. Good evening. No, I don't think that anyone has been |
| 1:45.0 | thinking that Xi's position was as weak as it evidently is. The whole point of the Chinese |
| 1:53.7 | Communist Party's autocratic repressive rule is that they get to have party privilege and repressive |
| 2:02.5 | measures to repudiate any challenges. They censor. They put people arbitrarily in jail. They engage |
| 2:14.2 | in unfair legal system that favors the Communist elite in exchange for the promise of ever |
| 2:20.1 | improving living standards for ordinary people. The notion that China will become a great and |
| 2:26.5 | respected country in the world. I think on this basis, Xi Jinping is failing rapidly. His economic |
| 2:32.9 | policies have reached their limit. He's attempting to revive a kind of Stalinist economy based |
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