History is told by the victor, so for what remains of our lives, we can look forward to many more Chinese revisionist history lectures like this one. I’m guessing that the current trade war between the US and China is the motivation behind this rather Chauvinistic segment from the state-owned English-language China Global Television Network.
CGTN anchor Liu Xin explains the miracle that is China and how the Central Planning of the Chinese Communist Party – or what Liu calls “Hard work and genius unleashed under effective leadership and policies” have ushered in its transformation.
I’ve been to China twice. Once in early 1984 and again in 2011; both before and after it had become the manufacturing hub of the world. The transformation of China has been truly astonishing. China is a marvel on many levels. It’s ancient, it’s high-tech, it’s monolithic, it’s vast. It has a lot of high-speed rail.
While America pursued illegal wars throughout the Middle East, squandering its treasure and failing to build and maintain its infrastructure, the Chinese manipulated their currency to an artificially low value and effectively enslaved their population to create an export economy that could not be beat. Liu forgot those parts but her arguments are not totally without some merit.
It was unsustainable for the US. Is it unsustainable for China?