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Did China really rise without trace?
At the 2017 Chinese Communist Party congress, Xi Jinping openly broke with Deng Xiaoping’s 1990 maxim for the Chinese Communist Party: “Hide your strength and bide your time.” According to Xi, China was now in a “period of strategic opportunity.” This may have been a reference to Trump’s recent election to the US presidency and the UK Brexit decision weakening the European Union. The term had been used by previous Chinese leaders at times when the US was particularly distracted by other matters. At any rate, Xi said that it was “time for [China] to take centre stage in the world.”
The nearly five years since have seen overt Chinese and American antagonisms magnify considerably. The situation is important for several reasons: materially, because it constitutes a major component of the power framework within which humanity lives, and theoretically, because the development of China over recent decades gives us an opportunity to assess how well our analyses have dealt with the reality of capitalist economic development historically.
The comrades who left the ICC in 1985 and formed IP at the time defended the ICC’s economic analysis of capitalism, the key element of which was that the current epoch of decadent capitalism was putting a brake on the development of the productive forces.
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