Commentary on Political Economy

Wednesday 22 May 2019


This just in from The New York Times: “Start from the beginning!” HAN CHINESE RATS BACK TO THE MISERY OF MAO’S LONG MARCH! HAHAHAHA!

BEIJING — President Xi Jinping of China called for the Chinese people to “start again” and begin a modern “long march,” invoking a turning point in Communist Party history as the country braces for a protracted trade war with the United States.
“Now there is a new long march, and we should make a new start,” Mr. Xi told a cheering crowd Monday in Jiangxi Province as he started a domestic tour that is seen as an attempt to rally the nation as trade tensions with the United States escalate.
Mr. Xi was accompanied by his top trade negotiator, Liu He, as he made the remarks at the historic site of the start of Mao Zedong’s Long March of 1934. The Long March was a 4,000-mile journey that took more than a year and would ultimately lead to the ousting 15 years later of the Nationalists by Mao and the Communists.
While Mr. Xi did not mention the trade war in his comments, they are the strongest signal yet that Beijing has abandoned hopes of a deal with the United States on the issue in the near term. Prospects of a deal faded earlier this month when talks broke down between negotiators for the two sides and President Trump accused China of breaking terms that had already been settled.

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