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Hayward: China Boasts of Economic Might While Exploiting ‘Developing Nation’ Status

by Breitbart
July 1, 2021
in Economy
Hayward: China Boasts of Economic Might While Exploiting ‘Developing Nation’ Status

A screen shows Chinese President Xi Jinping speak during a ceremony to mark the 100th anniversary of the founding of the ruling Chinese Communist Party at Tiananmen Square in Beijing Thursday, July 1, 2021. (AP Photo/Ng Han Guan) China celebrated its vast and growing economic power during the 100th birthday celebration for the Chinese Communist Party on Thursday, with dictator Xi Jinping humblebragging that his party has achieved its first centenary goal of “building a moderately prosperous society in all respects.”

China, however, still presents itself as a “developing nation” to international economic forums like the World Trade Organization (WTO) and enjoys concrete benefits by claiming that status.

Xi boasted on Thursday that becoming a “moderately prosperous society” has “brought about a historic resolution to the problem of absolute poverty in China, and we are now marching in confident strides toward the second centenary goal of building China into a great modern socialist country in all respects.”

“The decisive voice of Xi when he made the declaration at the very beginning of his speech and the loud and lasting cheers from the crowd on the Tiananmen Square that was immersed in a festive atmosphere,” the state-run Global Times hyperventilated, “underscored the pride and exhilaration of the entire Chinese nation over the magnificent and hard-fought achievement reached with the blood and sweat of generations of Chinese. The historical weight of the announcement at such a historical moment cannot be overstated.”

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The Global Times went even further than China’s authoritarian ruler, pronouncing Communist China’s economic […]

Read the rest of this story here: www.breitbart.com

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