Xi Jinping in Bloomberg.com


On Budget & Economy: Less than 3% of world economy in 1977, more than 17% in 2020

"China should enhance the internal vitality and driving force of economic growth."
-- Xi Jinping in 2012

The government declared it had eliminated "extreme poverty" last year and turned China into a "moderately prosperous society." While critics say the size of China's economy has been overstated, decades of uninterrupted annual growth have propelled it from accounting for less than 3% of the global economy in 1977 to more than 17% last year.

"We must be firm in our resolve to fight against corruption wherever it occurs."
--Xi Jinping in 2013

When Xi took power he launched a vast anti-corruption campaign, punishing deserving officials and businesspeople but also peeling off rivals. More than 4 million officials have since been taken down, including 254 high-ranking ones.

Source: James Mayger, "Decade in Power" in Bloomberg News Nov 10, 2021

On Homeland Security: Supports party's goal of building a strong military

"Building a people's army that follows the party's command, can fight and win, and has excellent conduct is the party's goal of building a strong military."
--Xi Jinping in 2013

The official defense budget has been less than 2% of GDP since at least 2008, but as the economy keeps growing that's meant more money to pay for a modern military that's expanding its navy, air force, missile force and reportedly increasing the number of nuclear warheads it possesses.

"We will focus on building China's image as a major civilized country."
--Xi Jinping in 2013

China's rising economic power has dovetailed with a deterioration in its standing among Western nations. Pew Research Center surveys show attitudes toward China becoming more unfavorable in recent years. The reasons are numerous: human rights abuses in Xinjiang and Hong Kong, vagueness over the origins of Covid-19, trade wars with the U.S. and Australia, a border spat with India... and increasing hostility toward Taiwan.

Source: James Mayger, "Decade in Power" in Bloomberg News Nov 10, 2021

On Social Security: Improve public services and pensions for older citizens

China's billionaires won't determine the success of Xi's drive to narrow a worrying wealth gap. The country's hundreds of millions of retirees, most of them dependent on penurious pensions, just might. China needs to improve public services that will increasingly be required by the elderly in underserved rural areas, including day centers. Xi's common prosperity push has included visits to just such centers, with comments on the party's responsibility to ensure happy lives for older citizens.
Source: Clara Marques, "Decade in Power" in Bloomberg News Nov 10, 2021

The above quotations are from Bloomberg.com and Bloomberg News political coverage.
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Page last updated: Dec 15, 2021