156 dead, over 1000 injured and 1400 arrested in China’s deadliest crackdown since Beijing’s Tianemen Sqaure in 1989. China’s no stranger to brutal clampdowns. Some say it throws doubt on China’s “ideological clue to Communism”
But something is working in China and it’s not surprising that the country is set to top government set GDP targets. Not many countries can say that this year. As China prepares to celebrate 60 years of Communism, has the regime paid off? Has Communism been a force for good?
Business is booming in the country. General Motors are drawing closer to striking a deal with Beijing Auto saying it is “impressed with Beijing Auto’s preparedness and professionalism and their ability to work through the issues quickly.” Fiat has also just signed a deal with Guangzhou Automobile Group Co Ltd. Do they have a point – can anyone fault China’s efficiency?
They are even attempting to internationalise their Yuan currency. And it’s robust growth should help Asia’s sluggish economies by providing healthy competition . It’s even pitched to surpass the UK as the world’s 4th largest advertising market. And this is all in one week.
They seem to tick all the boxes, except one – human rights. But is this the price you pay for growth? Can we all learn something from China? Should we be thanking China for 60 years of Communism?