Chinese Tensions
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Imposs1904 has now put up the whole of that artice about Formosa:
http://socialiststandardmyspace.blogspot.com/2023/04/facing-facts-in-formosa-1953.html
Then it was a question of Formosa (Taiwan) invading China with US support. Now it is a question of China invading Formosa. A measure of how the balance of imperialist forces has changed since 70 years ago in that area
It does show that capitalists always make and has made temporary alliances and accords, and they can break them when they can affect their economical and geopolitical interests, therefore, it is not a matter of leadership or friendship among them, friends can become enemies and enemies can become friends.
Our stand is correct because we do not take sides with any interclass disputes as it was widely discussed on the thread on the Russian tensions and the war in Ukraine
https://www.politico.com/news/2023/06/10/china-secret-base-cuba-spy-00101386
Do not know if this true, or it is only a struggle for hegemony between two capitalist superpower, but China has said that they do not have any secret base in Cuba, but the Soviet also said the same thing with missiles base in Cuba, and the US also said that that they were not flying spy plane over the Soviet Union until the Soviet Union shot down one of them
China may be planning overseas naval bases in Asia and Africa, say analysts
Beijing believed to be aiming to rival US’s global maritime power and defeat western sanctions, report concludes
Amy Hawkins and Helen Davidson
Thu 27 Jul 2023 09.22 EDT
China’s military may be planning to build a host of overseas naval bases, as it hopes to protect shipping routes and strengthen its ability to resist sanctions from the US and its allies, analysis has found.China deflation threat grows as companies cut prices
https://www.wsws.org/en/articles/2023/08/09/vije-a09.html
This week the Financial Times reported that Chinese authorities were putting pressure on economists and others, including media outlets, to avoid discussion of negative economic developments.
The pressure is coming from the highest levels of the official economic establishment. Data issued last month showed that China’s producer price index had declined for eight straight months since last October while annual consumer price inflation hit a two-year low in June.
Economists at the financial conglomerate Citigroup said core goods prices, which strip out food and energy costs, had entered a “deflationary zone” because of weakening consumer demand.
However, authorities are having none of it. According to a statement last month by Fu Linghui, a spokesperson for the National Bureau of Statistics: “Deflation does not and will not exist in China.”
A lurker on this forum recommends this article on the “chip war” between the US and China:
The author argues that the US is in the stronger position. Also explains the key economic importance of Taiwan as producer of most of the worlds advanced microchips and so why the US wants to keep it in its sphere of influence.
The USA is now dominating the production of chips and electronics supplies, there is not a shortage like in prior years when car industries and electronics equipments producer had a shortage of commodities, and car lots were practically empty and electronics stores and wholesellers had backorders, they have a large inventory
Now, the USA has a shortage of workers because most chips are produced by foreign workers and with the new restrictions imposed on immigration laws, it is going to be very hard for the factories owners to employ workers from others countries, specially from Latin America.
They are not allowing immigrants because of humanitarian reasons, or because they are refugee . the main reason is that the electronics industries need more cheap labor force, and they had made large investment in fixed capital, as well, they need skilled agricultural workers and constructions workers from other countries. Nationalism does not work all the time in favor of the capitalist class, sometimes it is like a boomerang
This is funny
Kuomintang means “Nationalist Party”, but in fact it has always been the “less nationalist party.”
Less nationalist than the so-called “Communist” Party of Mao and his successors, and now, less nationalist than the DPP!
I think you need to explain that the DPP is a Taiwanese political party that currently holds power there and that its nationalism is Taiwanese nationalism. I think that’s right.
Yes, that’s correct.
The status quo has been destabilised since the KMT lost power.
Beijing didn’t mind the KMT being in power, because it kept the island “Chinese” at least.Taiwan’s DPP, which wants independence, still hasn’t dared to change the KMT flag. It is the flag of KMT China, not of Taiwan.
Japan is militarising fast. Yet we don’t think world war is coming, and that China will invade Taiwan? If not, why not?
Interesting article but LOL this bit
“Earlier this month, it issued a detailed ideological statement in Qiushi, the party’s main official theoretical journal, calling on banks, pension funds, insurers and other financial organisations in China to follow Marxist principles and pay obedience to Xi Jinping.”
Before TM jumps to the wrong conclusion, it wasn’t a missile:
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