China’s “Twin Sessions” Open as Xi Jinping Seeks More Power
China’s “twin sessions” or Lianghui, the annual gatherings of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC), got underway in Beijing on Thursday 4 March. Neither body has any real power. They are merely decorative adornments for the dictatorial regime of the so-called Communist Party (CCP), which has increasingly become […]
Unsolvable Problem for Australian Capitalists
The Australian government has stepped up restrictions on Chinese investment over the last year. Chinese investment in Australia dropped 61% in 2020, to around $1 billion. At its peak in 2016, investment from China stood at $16.5 billion. The Morrison government has moved to discourage Chinese investment on ‘national security’ grounds. This is despite the […]