As expected, China supports the people last, but then it has always been that way. In China, there is no God except the CCP, and it is enforced, sometimes more than others. But, enforcement means shutting down Churches or other religious ideologies and any symbols related to the religion.
China needs to put people first and get them to spend, or it will always remain dependent on others in the world. The Chinese are very frugal and don’t spend like Americans on all the day’s trends, but they have many rich and famous, just like here.
The country is having internal issues, and Trump has basically cut off some of China’s energy sources, which is a big thing. When this Iran war is over, it will not be aligned to China or Russia, which is a good thing for the world. All IMO.
“Consumers an afterthought in Beijing’s quest for industrial strength
The Chinese leadership’s recommendations for the 2026 – 2030 economic plan call on officials to “use new demand to guide new supply, and new supply to create new demand, so as to promote a virtuous cycle between consumption and investment” – while the country’s ongoing flood of exports and low domestic demand show in which direction the Chinese economy remains skewed. According to the party line, investments in upgrading supply stimulate demand, reducing the need to support consumption through welfare payments and other measures to increase household income.
Social transfers through social security, welfare, allowances, healthcare and education currently amount to about 13 percent of GDP, compared to about 30 percent in the EU, and consumption has been persistently low for years. Since 2005, household consumption has on average accounted for 38 percent of China’s GDP, compared to a global average of 57 percent (see Figure 2). Reversing this trend would require substantial reforms to a raft of policies which systematically favor industrial enterprises over consumers. In China, banks offer savers artificially low interest rates and to enable cheaper loans to companies, weak worker rights suppress wages for low-skilled labor, and its regressive tax system disproportionately burdens lower-income households.”