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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by yongjik on Friday November 13, 2020 @02:22PM (#25086283)
No, I don't think Xi and his friends are scared at all. That's almost like saying the US government is keeping a dozen carriers because it's scared of Russia (or China).

Xi is rattling his saber against Taiwan because he can and he will face no consequences.

Xi is sending police to Hong Kong because he can and he will face no consequences.

Xi is clamping down on religion because he can and ...

Maybe Xi is a bit paranoid, but you don't become a lifelong dictator of a billion people by doubting yourself. If I have to guess, Xi is convinced that he's leading China into an age of unprecedented glory, and he's surrounded by people who talk the same and mostly think the same.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by specialist on Friday November 13, 2020 @02:56PM (#25086667)
I'd love to have some sinophiles explain Xi's strategy, what motivated him and his cohort to accelerate their time line.

China has Hong Kong. Full assimilation, normalization would eventually happen. The local's were onboard and content. Why make a fuss now?

Taiwan also wanted full normalization, eventually. So much upside. Wait another generation and few people alive would even remember what the fuss was about. Call it reunification, cousins remarrying, federation, whatever.

China's subjugation of Tibet and the western provinces were fait accompli. The critics were completely impotent. Why prove them right, breath oxygen into their opposition?

Harassing foreigners, thereby pushing them out of the country.

My guess is Xi felt compelled to act aggressively now to head off upcoming crisises. Something the insiders see better than is yet publicly discernible. One or more things that will rock the legitimacy of the ruling party. (The upcoming demographic bust is even worse than expected. Public finances are terrible. To forestall any correction of official GDP measurements. Widespread accounting fraud and corruption. Environmental degradation leading to food shortages. Exodus of manufacturing to Vietnam, Malaysia, others is faster than admitted. Probably a dozen other credible threats.)

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by baybal2 on Friday November 13, 2020 @03:13PM (#25086903)
> I'd love to have some sinophiles explain Xi's strategy, what motivated him and his cohort to accelerate their time line.

The timer on him is still ticking. He himself may well secured an n-th term, and party's temporary obedience at gunpoint..., but I feel he is very desperate, and have sleepless nights in anticipation of 2022.

Any fault of him, whether it is flagging economy, or any concession on the foreign front, or him not scoring just enough of political capital on that, would be 1000% used to undermine his position by whomever wanting to unseat him.

Unlike the oligarchates of ex-Union, CPC has very real internal conflicts. CPC's size ensures that there will never be enough posts, titles, and entitlements for every member of the establishment.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by andreilys on Friday November 13, 2020 @03:28PM (#25087065)
Hasn’t the corruption campaign served to cleanse the party of Xi’s rivals?
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by baybal2 on Friday November 13, 2020 @03:41PM (#25087218)
The whole of the party is his potential rival.

Xi will never be safe from the party. The moment he runs out of steam, and presents a chance for power to be taken from him, someone, out of many millions of ranked party cadres, is just ought to take advantage of the situation.

Remember, both Kruszev, and Deng were relatively small fish at the time they seized power, as was the case for power takeovers in a lot of single party regimes.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by ethbr0 on Friday November 13, 2020 @05:07PM (#25088103)
The central weakness of closed, authoritarian regimes is poor signaling.

Kruszev and Deng wouldn't have been able to seize power without substantial supporter.

The way I see it, the failure of those in power (from their perspective) was of not recognizing that well of support as it built.

Or, put another way, this is why authoritarian regimes are always paranoid: they have no objective methods for gauging public / party / military support, as dissent is always private.

(Well, aside from secret police)

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by exolymph on Friday November 13, 2020 @03:41PM (#25087220)
That worked out so well for Stalin.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by theptip on Friday November 13, 2020 @03:51PM (#25087329)
Maybe I'm missing something as my history isn't excellent. Didn't Stalin rule until his death? So in the context of this thread, yes, that strategy worked out exactly as Stalin wanted it to?
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by exolymph on Friday November 13, 2020 @04:36PM (#25087789)
You know what, you're right, I was misremembering.

Edit: Although I still don't think the circular firing squad is a great strategy.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by seansmccullough on Friday November 13, 2020 @04:10PM (#25087539)
> My guess is Xi felt compelled to act aggressively now to head off upcoming crisises.

China is going to be facing a demographic crisis soon - https://www.nytimes.com/interactive/2019/01/17/world/asia/ch...

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by analyst74 on Friday November 13, 2020 @04:13PM (#25087557)
Older generation in Hongkong and Taiwan tend to identify themselves as Chinese, but the younger generation tend not to. This is mostly due to exposure to western media which rightly or wrongly accuses the authoritarian CCP government for every bad things happening within its border.

CCP leadership might still think they have a chance for true reunification, or maybe they're just saber rattling. Personally, I don't think full reunification is possible until Chinese propaganda is able to compete with American ones.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by godelski on Friday November 13, 2020 @04:28PM (#25087726)
> Older generation in Hongkong and Taiwan tend to identify themselves as Chinese, but the younger generation tend not to.

I see this, but I also see the "We're [Taiwanese] the real China, and the mainland isn't" mentality as well (they'll get upset if you call them Taiwanese). It does get a bit complicated, especially if you think back to what happened during the cultural revolution and the people that stayed in mainland vs those that went to Taiwan.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by eloisius on Friday November 13, 2020 @05:13PM (#25088155)
Rarely will you run into anyone with this “we’re the real China,” 外省人 identity that would be offended to be called Taiwanese. Descendants of mainlanders that came to Taiwan after 1949 are a minority and Taiwanese identity is very popular here. Both Taiwanese and Waishengren will quickly point out that ROC is the original China and of course they are independent because how could they not be independent from a country that split from it. Then Taiwanese will disagree about whether China (ROC or PRC) has any right to colonize their island.

Another generation and hardly anyone will have Chinese identity, I imagine. An example I hear a lot is that the Vietnamese and Koreans also used to be Chinese.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by throwawat47654 on Saturday November 14, 2020 @09:15AM (#25092403)
Taiwanese, Hongkongers, and the larger Chinese diaspora still have the 華人 identity (i.e. part of the Chinese civilization).
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by Aunche on Friday November 13, 2020 @04:20PM (#25087640)
It's interesting that you would characterize anyone who disagrees with your interpretation of Xi JinPing's geopolitical strategy as a "Sinophile." Understanding his motivations is more useful for his enemies than followers.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by specialist on Friday November 13, 2020 @05:01PM (#25088039)
Like francophile, anglophile, etc. Someone who cares about those cultures, has opinions.

What term would you use?

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by addicted on Friday November 13, 2020 @04:20PM (#25087641)
Xi acted aggressively against Hong Kong right now because he wasn’t expecting any pushback from the US. The UK tried, but the UK isn’t powerful enough on its own.

Look at how the US responded to Chinas aggressive actions against Hong Kong. They imposed sanctions which basically treated Hong Kong the way the US did the rest of China. The punishment is exactly what Xi wanted!

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by godelski on Friday November 13, 2020 @04:25PM (#25087705)
> I'd love to have some sinophiles explain Xi's strategy

I'm not a sinophile, but I have pro CCP friends (we get in a lot of arguments). I think the reason to support Xi is very simple. Look at Shanghai in 1990 and 2010[0] and GDP[1]. While many are still poor in China, it is nothing to what it was in the 80's and 90's. Many families went from living in impoverished conditions to being wealthy. Living conditions improved dramatically for the average Chinese person and cities appeared out of nowhere and many of them are quite successful. This is just fact. But when you look at it through this lens it is easy to understand why people support Xi. Their lives got better. Then think back to Mao, where no line couldn't be crossed if it was for "the greater good."

It is important to keep this in mind, because it is easy to ignore things like human rights violations, racism, colonialism. I mean the same thing happened in America. It is also easier to not compare things on a spectrum but discritized (e.g. you're either "racist" or "not racist" there is no more racist or less racist)[2]. So what do you see in China? Your country is booming. You see America talking shit. You see Americans revolting and complaining about their own government. You see George Floyd. But you don't see Xianjiang. You don't see Hong Kong the same way we see it in the west (it's just a few protestors). You see "We, the powerful China are trying to help our fellow Chinese people gain a better life" and the average mainlander doesn't understand "why they don't want our help" (something my Mandarin tutor said to me). They don't see HK as successful, they see it as falling behind the rest of China.

So my understanding is that it is more about that they fully trust their government. They have real evidence to point to too. The other issue is that the viewpoint is different as well. Uyghurs are seen as terrorists and the term "reeducation camp" is not synonymous with "concentration camp" for them. There's a high level of nationalism and sense of being a part of something bigger. You can also see this in how the history of China has been taught differently through history and how the definition of "Han" has changed (as well as what "China" is and called). The terms China and Han have become great unifiers for the country and people (there's something to say to creating less racial division points). It really comes down to perception and flow of information. And I'll be honest, seeing a lot of this makes me question a lot about the flow of information we have here in America.

To be honest, watching China (and America, Africa, Europe, Russia), I've come to believe that political support more comes down to human psychology and emotional appeal than it does to logic and morals. That might be why the current state of the economy is a good predictor of the next president (not 100% accurate, but pretty good). If you weren't doing well before and you are doing well now, well it must be the leaders, right?

[0] https://i.redd.it/9rcoznoiwol21.jpg

[1] https://ichef.bbci.co.uk/news/800/cpsprodpb/14997/production...

[2] I'd say that this binary thing is an important aspect (one that has also become a problem in America). But like I have friends that say that America is hypocritical because it complains about censorship in China but not about it on Twitter. There's no nuance. There's no taking into account if an individual is expressing consistent ideology (complain about censorship in China and in the US) vs hypocritical (complain about censorship in China but not in the US, or vise versa). There's also some confusion that complaining is an essential part of democracy as criticizing your government in the west is seen as a way to improve and iterate as opposed to tearing it down.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by bigpumpkin on Friday November 13, 2020 @03:06PM (#25086809)
The characterization of Hong Kong, Taiwan, Xinjiang and Tibet being content with Chinese Communist Party rule may be an exaggeration. Furthermore, Xi's hardline was a reaction to 1) rampant corruption of the communist party as a result of market liberalization. 2) democratic movements across the world, including the Arab Spring, the 2011 Chinese Jasmine Revolution, and the Umbrella movement.

Basically Xi's nightmare is the disintegration of the Soviet Union and he's running the opposite playbook that Gorbachev used.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by specialist on Friday November 13, 2020 @03:21PM (#25086994)
No contest.

I'm just a westerner reading reports from other westerners. I'm relating my perception, as gleaned from western media.

"The characterization of Hong Kong..."

IIRC, I read there's a huge swing in the self identification of HK residents from "Chinese" to "Cantonese". Slim evidence, I know. But maybe directionally correct?

"Xinjiang and Tibet..."

I didn't say that. Western media has related that ethnic Tibetans and traditional Muslims have struggled, since I began reading the news in high school (80s).

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by bigpumpkin on Friday November 13, 2020 @03:44PM (#25087246)
Hong Kong has some of the most anti-communist people in China, because that's where they escaped to during the Chinese Civil War/ Cultural Revolution.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by m0zg on Friday November 13, 2020 @04:23PM (#25087678)
> Basically Xi's nightmare is the disintegration of the Soviet Union and he's running the opposite playbook that Gorbachev used.

This is certainly what it looked like from Russia in the 90s, when China was just starting to meaningfully rise. I think Gorbachev's main mistake was that people were given political/personal freedoms before economic ones, and it was done way too quickly. After some 70 years without these freedoms, people did not know what to do with them, so a lot of bad shit happened in late 80s and "wild 90s". Economy was decimated, Soviet Union collapsed, and Russia itself was close to falling apart as well. Just read any US geopolitics text from late 90s or early 00s - they all prognosticate that Russia will be no more, salivating to divvy up the spoils. What got in the way of that was Putin, or, to be exact, Russia's national security establishment which installed Putin, since nobody knew who he was 6 months before he became president.

So the way the Chinese policy was perceived from Russia, it was something more sane. For one thing their stated timeframe for the transformation of the country (50 years IIRC, but I might be wrong), seemed more realistic. For another they started introducing capitalism first, rather than give a bunch of dirt poor people completely unrestricted political freedom a-la early 90's Russia, which could only lead to anarchy and disaster.

And I do believe they will succeed in the long term. The best analogy I have is the current obsession in US corporations with quarterly results, leading to suboptimal long term outcomes. This is what the US itself behaves like, except the "quarter" is 4 years long.

China doesn't have to worry about that, they live on a different time scale and can enact consistent policies spanning many decades. This is both a blessing and a curse. It's easier for the US to course-correct, which can be beneficial because most long term plans do not survive contact with reality. But if China gets the big picture right (which to me it seems like they do), and is able to course correct on the margins, they don't really need the randomness that the US system has.

I just wish they'd knocked it off with the concentration camps and child labor at this point. It undermines their own progress.

As to Ma, oligarchs with political aspirations need to be periodically reminded who runs the country. This is why Khodorkovsky ended up in prison for a decade. He got way too powerful, exerted a lot of ifluence in Duma, and thought taxes were optional. None of those three things were acceptable to the Kremlin.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by BMSmnqXAE4yfe1 on Friday November 13, 2020 @05:10PM (#25088121)
No, that's not why Khodorkovsky ended up in prison. He gave money to Putin's opposition, that's why. As to taxes, its laughable, the ruling mafia in Russia steals $trillions from the till and not even trying to hide it.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by m0zg on Friday November 13, 2020 @05:24PM (#25088262)
Re-read what I said. Dude bought half the Duma by the time Putin went after him and was writing his own laws. And you're right about taxes, but do observe that taxes are only optional in Russia as long as you are an oligarch who doesn't have political ambitions. If you delude yourself into believing you can buy the parliament, they become very non-optional indeed. Selective application of justice can be a powerful thing.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by baybal2 on Friday November 13, 2020 @03:29PM (#25087082)
> Basically Xi's nightmare is the disintegration of the Soviet Union and he's running the opposite playbook that Gorbachev used.

I find it funny by how hard people of Western upbringing try find some "higher meaning" to what villainous characters do, the more powerful, and scarier they are.

And they do not want to take the most obvious, explainative, and floating on the surface explanation, because according to them, "it can't be that simple!"

A phrase I hear often is "I don't believe in cartoonish evil characters!!!"

And that despite much of 3rd world dictators very much being such, and their actions being very well explainable by "evil guys, doing evil deeds, because they are evil, arrogant f..ks," and that being their primary motivations, with all their "roleplay" obligations, and nominal official duties coming second to that.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by ploika on Friday November 13, 2020 @04:25PM (#25087698)
There's quite a lot of evidence that the CCP values social stability (their own definition of it at least) extremely highly, above almost everything else.

I don't agree with you about Westerners not seeing the villainous wood for the evil trees, but I think it's moot when there's an even simpler explanation: they do not want to lose control.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by baybal2 on Friday November 13, 2020 @04:42PM (#25087841)
That is it, but that does not preclude arrogance, and evil nature from being a primary driver of such person at the same time as rational desire for self preservation, and, sometimes, even a rare genuine brilliance in political matters.

Take a look at Bin Rasheed, or Li.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by ploika on Friday November 13, 2020 @07:45PM (#25089266)
It kind of does preclude it. Your argument seems to be "they do bad things primarily because they're just evil" and mine is "they do bad things primarily because they can't bear losing control".

I feel like you just want to make a point about the CCP being evil. Fair enough, but that doesn't really have any connection with what you were trying to say about Western critical thinking.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by baybal2 on Friday November 13, 2020 @08:24PM (#25089476)
> Fair enough, but that doesn't really have any connection with what you were trying to say about Western critical thinking.

Western critical thinking seem to be hell-bent on thinking that some grand totalitarian regime cannot be just "dumb evil," and it must always come with some kind of equally grand conspiracy, secret agenda, maybe even some semi-valid point, as they probably think "it must take some brains, complex motive, and talent to run you evil empire at such scale."

It's beyond them to concede that their grand political theories are not the case, and the man is driven just by your regular arrogance, greed, and cowardice, aka lust for power, even if his ways of achieving those may be quite sophisticated at the time.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by specialist on Saturday November 14, 2020 @03:02PM (#25095147)
Let's hope USA 2016-2020 adds "failing upwards" to the list of available OTC explanations.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by Aunche on Friday November 13, 2020 @04:04PM (#25087478)
Even 3rd world dictators are only cartoonishly evil on a surface level. Gaddafi is a prime example. His "Amazon guard" sounds like it came straight out of a comic book. However, after a decade of civil war in Libya, it's clear that he was the only thing keeping it together in the first place.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by bigpumpkin on Friday November 13, 2020 @03:37PM (#25087166)
I find my theory has a better predictive power on what Xi might do next than the simple explanation that he is villainous.

The fact that the communist party made extensive studies of the fall of the Soviet Union has been well documented.

https://www.wsj.com/articles/SB10001424052702303755504579207...

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by justicezyx on Friday November 13, 2020 @03:55PM (#25087373)
Believe or not, CCP studied French Revolution and fall of Roma, and the boom and bust cycles in 2000+ Written Chinese history... And many stuff people should be studying... Nothing fancy, just learning from history.

Western people are not misunderstanding China, they just are content with a myopic tiny view, and happy to apply whatever judgement they can at the whim of the moment.

Discussing any China related issues on HN is like arguing with mobs. You either are drowning in downvotes, like saying Mr. Xi is not just a dictator; or arguing with someone who questioned any minor details you raised as a Chinese, often make me questioning did I lose touch with China so much that a random HN visitor actually knows better than myself...

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by erdos4d on Friday November 13, 2020 @03:01PM (#25086733)
> No, I don't think Xi and his friends are scared at all. That's almost like saying the US government is keeping a dozen carriers because it's scared of Russia (or China).

I'm sorry, but the US actually is scared of Russia and China and it's whole point in having a large Navy with carriers and such is to counter them. Those two countries are the only adversarial countries to have any meaningful naval presence, so there really wouldn't be any treason to maintain such a large carrier fleet unless they were scared of them.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by 0xffff2 on Friday November 13, 2020 @03:22PM (#25087002)
Or stated another way, the US isn't scared of Russia and/or China because it has those carriers.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by jessaustin on Friday November 13, 2020 @03:32PM (#25087110)
No, we have carriers because they are costly. The point of the military-industrial complex, like any cancer, is to consume vast quantities. They admit to spending three times what China spends (the actual multiple is higher), and the last yearly increase was larger than Russia's total.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by seizethecheese on Friday November 13, 2020 @03:34PM (#25087140)
There are several industrial complexes in the us. Healthcare, agriculture, military. They work because the public accepts and desires them.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by jessaustin on Friday November 13, 2020 @04:48PM (#25087900)
For some idiosyncratic definition of "work", one supposes. (Some would argue that at least the "agriculture complex" puts something approaching food on the shelves.) I live in a blood-red state, and I'm kind of an asshole so I have political conversations with everyone. I haven't this year talked to a single person who thinks that any of the wars fought in my lifetime were good wars to fight, or who "desire" any more of them. (There are some dead-enders who still defend the idea of Vietnam; before my time.)

The average citizen, however, may fall under your "accepts" criterion. It doesn't matter what nation I suggest, indeed I have made up nonexistent nations before, and most people will allow that, yes, given sufficient winding-up on the part of "news" organizations and politicians, they would accept bombing them to hell and back. In the long view of history, this will be why USA and Germany are discussed together in the same chapter. The public does not desire ruinous horrific ridiculous pointless endless war, but it does accept that, after enough gaslighting by MIC's paid employees in government and media. That's on us. I don't really like my team.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by mhh__ on Friday November 13, 2020 @02:35PM (#25086432)
Xi could be declaring war on sparrows though.

China (Russia can't even entertain the dream of it any more) doesn't have a dozen carriers, it's a totally different side of the geopolitical scales.

> Maybe Xi is a bit paranoid, but you don't become a lifelong dictator of a billion people by doubting yourself.

It's worth citing Nixon as an example of someone who while maybe not doubtful of themselves but was utterly paranoid and belligerent towards any and all dissent and opposition, but still made to the very top of the world.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by sudosysgen on Friday November 13, 2020 @10:52PM (#25090156)
China's military strategy against the US doesn't include aircraft carriers. That point is irrelevant, it's a question of doctrine.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by belval on Friday November 13, 2020 @02:31PM (#25086395)
While I strongly dislike authoritarian regimes and wish the CCP would just disappear. You have to admit that China in the last 20 years has been an absolute growth machine. I often see it argued that it's "fake" because the party subsidizes a lot of economic ventures, but even then they are building one hell of a domestic market.

Trying not to do the apology of a terrible regime, but I can see why Xi would see himself as "leading China into an age of unprecedented glory".

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by thefounder on Friday November 13, 2020 @02:37PM (#25086454)
For what is worth many dicators had "golden" years. The issue is that at some point you get a bad dictator(or the current one turns bad) and you have to live with him your entire life. Not to mention that even within the golden period you still have freedoms taken away but that's a different story/trade off.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by rendang on Friday November 13, 2020 @03:32PM (#25087116)
China isn't ultimately ruled by a dictator but by a party. You seem to think that the party would allow an incompetent person to assume the top position and stay there, which I don't see evidence for.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by addicted on Friday November 13, 2020 @04:24PM (#25087691)
That was true until Xi Jinping removed term limits and ran his corruption campaign that imprisoned and beheaded his competition.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by thefounder on Saturday November 14, 2020 @08:43AM (#25092233)
It looks like you don't understand how one party systems work. Just look at Trump and GOP and consider this is a democracy. Once he got the power the whole party(with few exceptions/undesirables that would be eliminated if it were a one party system) got behind him regardless if they liked him or his policies. There was bone to chew and they didn't want to loose it.

If things go south there are plenty to blame(i.e China, Russia, EU, rebels, etc). It is never the leader to blame. As the party leader controlls the police and the millitary there are really very few that would dare to consider a coup/leader change.

Even North Korea's Kim is "officially" supported by his party members but we already know what happens when they question him.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by belval on Friday November 13, 2020 @02:44PM (#25086520)
FWIW I really hope that you are right, a somewhat democratic and more collaborative China would be such a great partner to have, developing advanced tech and stimulating the fight against climate change.

It's only a dream, but it could be so beautiful.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by justicezyx on Friday November 13, 2020 @03:57PM (#25087404)
That’s Chinese people’s dream in 80s then a lot of things happened...
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by H8crilA on Friday November 13, 2020 @02:42PM (#25086505)
China's political system is nothing that a good old style capitalistic bust can't take out in a decade or so. The USSR never recovered from the inflationary late 70s. Japan's state-induced credit boom economy never recovered from the early 90s deflationary bust. Dictatorships/state controlled economies are still economies.

As Hyman Minsky would agree - there's only one way to handle volatility, take it in your face. You can't suppress it.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by gruez on Friday November 13, 2020 @02:56PM (#25086662)
>You have to admit that China in the last 20 years has been an absolute growth machine. I often see it argued that it's "fake" because the party subsidizes a lot of economic ventures, but even then they are building one hell of a domestic market.

It's not so much "they're pumping the numbers by cooking the books", it's more of the regime being at the right place at the right time. Other east asian countries industrialized at the same time without the CCP, for instance.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by bllguo on Friday November 13, 2020 @03:55PM (#25087367)
this is disingenuous, the scale is incomparable. why is india behind china then, if all it took was time?
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by gentleman11 on Friday November 13, 2020 @03:04PM (#25086793)
It’s a weak third world economy that is modernizing. Of course the growth is tremendous. The west (and Japan/Korea) went through this in the 19th and 20th centuries, this will happen all over the world this century across Africa and Asia. You can’t give too much credit for growth in comparison to the rest of the world when the backdrop is being behind. There are over a billion smart people to draw from, it’s just inevitable and draws from the strength of Chinese culture before mao suppressed it with the cultural revolution when schools were destroyed. This is in spite of the authoritarianism, and based on Hong Kong and Taiwan, would have happened decades ago without it
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by bserge on Saturday November 14, 2020 @05:20AM (#25091350)
Case in point: Putin. Authoritarian but he simply fucked the whole country with his isolationist, antagonistic decisions.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by addicted on Friday November 13, 2020 @04:23PM (#25087677)
Not a lot of that could be credited to dictator for life Xi though.

In fact, by making himself basically dictator in life he has added the potential for tremendous instability in Chinese politics that did not exist before he took those actions.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by redisman on Friday November 13, 2020 @04:23PM (#25087674)
Chinas growth is mostly due to the handiwork and frameworks set out by Deng Xiaoping. It’s easy to look successful coming in when the long-term investments his admin made starts to sprout.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by heavyset_go on Friday November 13, 2020 @03:27PM (#25087058)
You can use this logic with Stalin and Lenin, too. They went from a agrarian feudal society to a world superpower, helping defeat the Nazis and being the first in spaceflight.

Of course, you'd have to be wearing rose-colored glasses to take that portrayal at face value, and you'd also have to ignore significant atrocities the leaders were responsible for.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by omgwtfbyobbq on Friday November 13, 2020 @02:45PM (#25086529)
No, I don't think Xi and his friends are scared at all. That's almost like saying the US government is keeping a dozen carriers because it's scared of Russia (or China).

I agree that the US isn't scared of Russia or China, but I think the US is afraid of the idea of not having military dominance.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by jhedwards on Friday November 13, 2020 @02:43PM (#25086512)
There is a long history of massive uprisings against the establishment in China. Tiananmen is just the most well known example of something that happens every year. I doubt Xi is ignorant enough to _not_ be afraid, though I agree with you that he probably is very confident as well.

> Xi is clamping down on religion because he can

My source may be dated, but as of 1988 policy making in China was a protracted, incremental process involving negotiation among numerous different groups (central and provincial governments, bureaus and departments)[0]. Things may be more centralized now, but I think it's safe to say that if something is happening in China, it's because multiple government entities at different levels have agreed to it. Who knows what the reason is.

[0] Policy Making in China, Lieberthal 1988

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by whimsicalism on Friday November 13, 2020 @02:47PM (#25086545)
a. There are not "massive uprisings" "every year" in China.

b. China has substantially centralized post-2000.

I would go so far as to say it is close-to-useless to cite a 1988 book on modern China unless to reference its history, that's how fast things have changed.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by baybal2 on Friday November 13, 2020 @03:04PM (#25086778)
There are hundred of riots happening in China every year without even "China watcher" media telling a thing about them.

My own experience was seeing a huge commotion right in the city centre of Guangzhou, a megalopolis bigger than New York, without single mention in the media the next day besides some random youtube uploads.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by alisonatwork on Friday November 13, 2020 @03:28PM (#25087061)
Do you know what the commotion was about?

I can co-sign that there are often incidents of civil unrest in China that are not reported in the media. However, from what i can gather, these are not explicitly anti-establishment. Most of them appear to be localized labor disputes or middle class NIMBYs making a fuss about development that inconveniences them.

For reporting on the former, you can check out China Labour Bulletin[0].

[0] https://clb.org.hk/

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by jhedwards on Friday November 13, 2020 @04:16PM (#25087606)
> There are not "massive uprisings" "every year" in China.

At least in 2012, there were apparently 500 protests _every day_: https://www.theatlantic.com/international/archive/2012/01/ho...

When I was there in 2014 there was a HUGE protest in Changsha. None of these are reported in the media inside or outside China.

I concede that my source on policy-making is dated, but I highly doubt the the functioning of a country as vast and complex as China can be completely transformed in forty years. Still, I'm not sure, so I emailed the author to verify.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by whimsicalism on Friday November 13, 2020 @04:51PM (#25087943)
> 500 protests _every day_

I think there is a world of difference between protests (usually over eminent domain related concerns, not always) and an "uprising." I've tracked to track down some of these claims of 180,000 protests a year (following the links) and it's been hard - I find it hard to believe that these are very large protests.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by Fricken on Friday November 13, 2020 @02:56PM (#25086664)
I think you're caught in short term thinking. China's cultural character has been developing over 1000s of years. It's DNA hasn't changed meaningfully since 1988.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by whimsicalism on Friday November 13, 2020 @03:28PM (#25087062)
Sure, some of those values shine through, but I think you're underestimating how quickly change can occur and how values can be changed when your population scales up from 75 million (1000 years ago) to 1.3 billion.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by goatinaboat on Friday November 13, 2020 @02:53PM (#25086620)
Xi is clamping down on religion because he can and ...

A truly confident, powerful man would not fly into a blind rage if compared to Winnie The Pooh.

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by gentleman11 on Friday November 13, 2020 @03:10PM (#25086870)
Seconded
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by paxys on Friday November 13, 2020 @04:59PM (#25088029)
Why exactly do you think the US has a dozen carriers?
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by tehjoker on Friday November 13, 2020 @02:53PM (#25086633)
The OP comment posits Xi acts based on fear. This comment posits he acts based on zero fear. No where do they posit a rational basis for action or a concrete analysis of power relationships.
Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by mschuster91 on Friday November 13, 2020 @02:50PM (#25086588)
> If I have to guess, Xi is convinced that he's leading China into an age of unprecedented glory, and he's surrounded by people who talk the same and mostly think the same.

For what it's worth given the ... disastrous state of the US, the deep rifts in the EU and the total retreat from anyone not China from Africa, that is a very valid, yet frightening, assessment of the future.