Published on Socialist Unity, by John Wight, Nov. 5, 2012.

Lost amid the deluge of western media coverage of the upcoming US presidential election on November 6 has been an equally if not more important event, beginning on November 8, when the 18th National Congress of the Communist Party of China convenes in Beijing to elect a new Central Committee and replace seven of the nine members of the current Politburo, who are due to retire and/or stand down. These include the current President of People’s Republic – Hu Jintao.   

His successor is likely to be the current vice president, Xi Jinping, who is seen as close to the military and is likely to adopt a more robust stance when it comes to dealing with the West than the moderate one taken by Jintao. This will likely manifest most over the issue of US support for Taiwan, when it comes to heightening tension with Japan over the territorial rights to a group of islands in the East China Sea (Senkaku Islands in Japan and Diaoyu Islands in China) but also when it comes to US policy towards the Middle East, from which China derives around 40 percent of its oil.

The key difference in global terms between the significance of the US presidential election and the imminent leadership reorganisation in China is the difference between the political and economic crisis engulfing a declining power, the United States, and the growing political and economic strength of its emergent rival to the East, China.

China’s economic growth over the past three decades has been simply staggering, averaging around 10 percent year on year. Though its growth has dipped and is predicted to end 2012 at around 7.7%, the success of the People’s Republic in weathering the global recession to the extent it has continues to confound economists in the West … //

… China’s role as the world’s major creditor to the US, to the tune of $1.2 trillion (2011), in effect funding US domestic consumption, is one half of the reason why the relationship between both countries will remain a mutually dependent at least in the short term, despite being adversaries. For China, its main priority lies in continuing to ensure the viability of US domestic consumption in order to maintain the US as its largest export market, though in recent years it has placed more emphasis on regional markets.

It is predicted that China’s GDP will have caught up with the US by 2018, though US GDP per capita will still remain considerably higher. However, based on current projections, China’s GDP per capita is predicted to outstrip that of the US by 2030.

Western critics of China have long pointed to the lack of democratic and political rights enjoyed by its citizens. But this reflects the paucity of understanding in the West when it comes to the distinct development of Chinese culture and its fractured history. The relationship between the state and society in China is much different to its western counterpart. In China the state is seen as sacrosanct, with a premium placed on unity over the ability to change course through the election of a new government every few years and thus risk instability.

The ‘century of humiliation’ by which China’s subjugation at the hands of the western and Japanese colonialism is known, beginning with the Opium Wars of the mid-nineteenth century and ending with the Chinese Revolution in 1949, remains indelibly imprinted on Chinese mass consciousness, with the aforementioned national sovereignty exalted above any other factor in the life of the nation as a result.

Whatever the outcome of the US presidential election on November 6 is, events in Beijing on November 8 will undoubtedly prove of equal if not more significance for a southern hemisphere that has long suffered as a consequence of the unipolarity enjoyed by Washington.
(full text).

Comments are closed.