Comments by "GuyWhoLikesTheSnarkies14" (@guywholikesthesnarkies1435) on "Geopolitical Economy Report"
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Two key takeaway from China's socialist economic policy, for me is as follow here:
1.) The important role of the state, the CPC to be exact, in preserving a sovereign monetary system and deposit for the country to continue its real economic growth by ensuring the flow of moneys and capitals remains largely uninterrupted especially from foreign interventions, a major reason why China has no qualm at refusing to bail out falling big real estate conglomerates such as Evergrande because they can instead deflates the value bubble of these unsold real estate projects and arbitrarily *recycles* the intrinsic values of those properties into capitals that can be allocated to fund the growth of its hi-tech industrial sector;
2.) The importance of state enterprises in stimulating real economic growth not by means of a complete override of the economic sector (as was the case of Soviet-style autarkic model of planned economy), but by playing the key role in the market system as a buffer to grow the key hi-tech/cutting edge *domestic* enterprises on the private sector e.g. big companies such as Huawei, Tencent, Baidu, BYD etc (as shown in the same graph here 9:59), that's virtually sovereign from the influence of foreign capitals and corporate hands. This, alongside the "trickle-down" responsibility to ensure the stability of the economy at regional or local level.
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