What makes you think that? You do realise that they could easily outlaw 1) miners, 2) exchanges that convert to fiat, and 3) people privately exchanging to fiat, and (domestically) enforce that reasonably well, too.
And sure, there could still be an underground market - you can get still get weed and cocaine in China or Singapore, but I wouldn't recommend participating in it.
2015: https://archive.is/Higoz
2017: https://www.reuters.com/article/us-bitcoin-china-idUSKCN1BJ1...
2018: https://www.businessinsider.com/china-eliminates-all-cryptoc...
2021: https://archive.is/s7nbw
"China Has Banned Bitcoin 13 Times Since 2012":
https://finance.yahoo.com/news/china-great-bitcoin-mining-mi...
Why wouldn't it? Strong central government. Clear economic and social goals with the ends justifying whatever unethical means. A complacent middle and upper class satiated by enough new wealth to make them fat(ter than they used to be) and happy.
Why won't they be the next world power for the foreseeable future? Is there an anti-party faction in China that's larger and more powerful than I see in US media?
Or is this just wishful thinking from the west?
I think it’s reasonable to say the CCP will keep their grip on power for as long as they can continue delivering wealth to the middle class, and lifting those in poverty into the middle class. What’s not clear is how long the CCP can continue delivering that wealth.
The ongoing crisis with Everglade is showing that the CCP power and ability to generate wealth is not unlimited. I doubt it’s the beginning of the end, but it does shine a light on the long term structural flaws of their strategy. It’ll be interesting to see how the CCP deals with this over the next 10 to 20 years, maybe they’ll find a new strategy to maintain power, or maybe they’ll start a slow and gentle transition into democracy, allowing them to placate the middle class who won’t be seeing outsized wealth growth anymore.
You can crush a thousand peasant farmers and replace them easily, you can't do that with the middle class without heavily setting back your economy and therefore being less competitive on the world stage.
The CCP will need to decide whether they want to release control and let their population produce value, or keep control and be unable to compete as a world power.
That's my take.
When things go poorly there is always an internal scapegoat, and knowing that no matter how low your situation is it’s (a) not your fault and (b) there is someone who has it worse is a great way to keep social cohesion through troublesome times. And if all else fails, one can find an external party and invade them as both a distraction and a way to deliver spoils to your loyalists.
I’d bet that things will get worse for ethnic and religious minorities in China during a downturn in the economy and if the economy continues to slowly slide for a decade then the neighbors of China like the Philippines will see more of their territory taken away.
Not saying it won’t happen, but I don’t think it’s a clear cut as you make it, and I think the CCP are smart enough to know that. They already do an astonishingly good job of treading the line between an authoritarian government that exploits it population for wealth, and one that empowers its populations for productivity and even greater wealth.
They will not start demanding more freedom (only a small minority will do that). They will become increasingly agitated and demand the kind of economic progress they had before, which the CCP won't be able to deliver (the easy, fast, low-debt growth has largely been saturated).
Specifically the CCP | people-of-China socioeconomic pact is based on the country continuing to deliver massive economic gains to the bulk of the population.
Xi has begun a new cultural revolution (just ahead of the curve) because he recognizes it's going to be required to stomp down on the population in order for the CCP to retain its position, as the easy economic gains are well over. The leadership of the CCP recognizes what's inevitable about their context: they either had to let go of power increasingly, or they have to become more totalitarian, as the growth pact begins to falter. What waits for China the next 30 years, is significant demographic erosion, slow growth and epic persistent debt problems (which doesn't mean they aren't going to be a superpower, they are).
The only answer might be adding other countries into our representative government system (not colonialism, but peacefully and equitably adding other willing states that want to benefit from stable government). Seems people are already voting to join with their feet. Embrace it.
What is this? "Everglade" is a common enough word that I can't find anything besides mentions of the wetlands in Florida.
GP needs to learn to spell
Evergrande is an indebted chinese property developer which is the current ticking financial time bomb this week in China.
You mean Evergrande (3333.HK)
It's state propaganda. A (clever and very well designed) mix of known government actors and easily influenced third parties that work to push a specific narrative online. The thundering irony is that the west reports on such practices extensively when it comes to China, but the far more obvious actor (visible in the west) is your own government.
What do you mean by completely control covid? What intended result have they managed to arrive at?
Because you believe you are righteous does not mean you can spread false information you can easily question with your brain, the same as you believe you are righteous does not mean you can go into other country for WMD.
It is not bigotry to stand up to authoritarianism and human rights abuses. You wield that term bigot to downplay the vast and monstrous human rights abuses occurring in Xinjiang. Its absolutely nothing to do with race or nationality. There is nothing intrinsic that would permit such actions to be attributed to this. It is not about bigotry. Connecting the two is all part of the metagame in pushing a state propaganda. Make your accuser seem less credible so you never have to address the actual substance of the complaint.
The reported incidents include Forced Labor and Sexual Abuse, Organ Harvesting and Genocide. On mass. This happened. This is happening. There is plenty of neutral international sources on this. Saying it doesn't exist is absurd. There is clear evidence of this!
These are not lies told by the western media, as the Chinese media claims. These are happening, they have been reported by people that have escaped, they have been raised to the UN. Most of the world has denounced this...