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Seventeen years on the streets, living and working with the people of China, Jeff
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Recently, the government of China, which I call Baba Beijing, invited the Top 10 policy leaders in the world concerning finance and banking. These were not second and third secretaries. These were the presidents, secretary generals, general managers, and chairmen of BRICS’ New Development Bank (NDB), World Bank (WB), International Monetary Fund (IMF), World Trade Organization (WTO), UN’s top trade and development leader, International Labor Organization, Bank of International Settlements (BIS), Financial Stability Board (FSB), Asian Infrastructure Investment Bank (AIIB), and the only deputy secretary general was from the OECD, the Organization of Economic Cooperation and Development, which is more or less the 40 richest countries in the world.
The host was PRC’s Premier Li Qiang, and it was called the “1+10 Dialogue”. Li is pegged to take over as PRC’s president, when Xi Jinping retires in the future. The level of participation couldn’t be any higher on both sides.
In spite of Judeo Western blockades, boycotts, sanctions, tariffs and color revolutions since 1949, China’s financial and banking sector has thrived, including the Mao era (https://radiosinoland.com/2024/01/03/the-mao-encyclopedia-for-dummies-updated-and-its-all-here-books-articles-movies-visuals-china-rising-radio-sinoland-240103/). China’s People’s Bank of China (PBOC) is 100% citizen-owned, not like Judeo-capitalist countries’ privately-owned, City of London-controlled central banks. Baba Beijing mints its own money, so it does not borrow money from private banks. Today, the world’s four biggest banks and six of the top ten are Chinese,
World’s Ten Biggest Banks
1-Industrial and Commercial Bank of China
2-China Construction Bank
3-Agricultural Bank of China
3-Bank of China
5-JPMorgan Chase
6-Bank of America
7-Citigroup Inc
8-China Merchants Bank
9-Bank of Communications (China)
10-Wells Fargo Bank
All of China’s banks are people-owned – no private banks. China’s banks have CEOs who are fire-breathing members of the Communist Party of China (CPC) and they are incredibly profitable, since they are not controlled by the Judeo-City of London-Wall Street.
China is a world leader in blockchain, for cross-border payments and messaging. China has crushed private, casino cryptocurrency speculation, while developing its own, people-owned digital yuan. China’s blockchain and digital yuan are already expanding across the Global South for trade and commerce, cutting out Judeo-West’s BIS and its corrupt, politicized SWIFT system (just ask the Russians). Baba Beijing recently came out with a people-owned stablecoin.
China is a global leader in fin-tech (most of it private). The difference with Judeo-West is Baba Beijing closely manages it by keeping a sector-sized, auditing-and-policy proctoscope up its backside, making corruption and usury much more difficult.
Thus, Chinese avoid all of the pitfalls of the capitalist West, with their communist-socialist financial and banking system. They don’t have to put up with the corruption, usury and forever wars, endlessly perpetrated around the world by Judeo-City of London-Wall Street.
Speaking from experience, you only have to spend a couple of weeks traveling around China to see that it has had the world’s biggest economy for the last ten years – much more than Uncle Slaughter’s, and the gap is widening by the trillions of your favorite currency, year after year.
PPP GDP 2024
China: $41.38 trillion
United States: $29.18 trillion
European Union: $28.04 trillion (as a whole)
India: $16.19 trillion
Russia: $6.91 trillion
Japan: $6.57 trillion
Germany: $6.02 trillion
Brazil: $4.96 trillion
Indonesia: $5.01 trillion
France: $4.50 trillion
With the Chinese growing their economy far faster, by 2034 they will produce more wealth than Uncle Slaughter and DystopEurope COMBINED!
Projected PPP GDP growth 2024-2035 |
||||
| Year | China | USA | EU | USA + EU |
| 2024 | $ 41.4 | $ 29.2 | $ 28.0 | $ 57.2 |
| 2025 | $ 43.4 | $ 29.7 | $ 28.3 | $ 58.0 |
| 2026 | $ 45.6 | $ 30.3 | $ 28.5 | $ 58.8 |
| 2027 | $ 47.9 | $ 30.9 | $ 28.8 | $ 59.7 |
| 2028 | $ 50.3 | $ 31.5 | $ 29.1 | $ 60.5 |
| 2029 | $ 52.8 | $ 32.1 | $ 29.3 | $ 61.4 |
| 2030 | $ 55.5 | $ 32.7 | $ 29.6 | $ 62.3 |
| 2031 | $ 58.2 | $ 33.3 | $ 29.9 | $ 63.1 |
| 2032 | $ 61.1 | $ 33.9 | $ 30.1 | $ 64.0 |
| 2033 | $ 64.2 | $ 34.6 | $ 30.4 | $ 65.0 |
| 2034 | $ 67.4 | $ 35.2 | $ 30.7 | $ 65.9 |
| 2035 | $ 70.8 | $ 35.9 | $ 30.9 | $ 66.8 |
The table below shows that being communist-socialist works really well for the Chinese people. For years, China has had 5% and greater GDP growth per annum.
2025 economic indicators (%) |
|||
| Country/ zone | GDP growth | Inflation | Unemployment |
| China | 5.0 | 2.0 | 5.2 |
| USA | 1.9 | 2.9 | 4.4 |
| EU | 1.2 | 2.6 | 5.8 |
| Japan | 0.9 | 3.6 | 2.5 |
China’s economic growth, based on building things and being the world’s manufacturing, supply chain and logistic savior, is 2.5 times more than second place USA. Uncle Slaughter and DystopEurope include economic activity from financial transactions, interest on loans, crime, prostitution, pornography, gambling, illegal drugs and the shadow economy. USA’s GDP is also wildly inflated by the world’s most corrupt and expensive Medical Mafia, costing its hapless citizens 15% of GDP. Uncle Slaughter’s military GDP is twice China’s: 3.4% vs. 1.7%. It goes on and on.
China’s GDP has none of these deviant calculations. It is based solely on building things and selling legitimate goods and services.
China also has the lowest inflation among this group, only two percent compared to USA’s 2.9%, EU 2.6%, and Japan 3.6%.
Unemployment is Baba Beijing’s one worry spot. Its unemployment is 5.2% overall and in low double digits for youth, which they are working feverishly, 24/7 to reduce. In the United States, it’s 4.4%. In The EU, it’s 5.8%. In Japan, it’s 2.5%.
According to John Williams, all the positive US economic indicators are more accurately cut in half, and all negatives should be doubled. Food for thought (https://www.shadowstats.com/).
Communist-socialist China has not had a recession in forty-nine years. Let that stunning statistic sink in for a minute, compared to Judeo-capitalist West. Nor has China had any asset bubbles or crashes that were not rationally deflated by Baba Beijing, to protect the citizens. Judeo-capitalism plans booms and busts, since they enrich elites, as they buy up assets for 10 cents on the dollar during the downturns.
Maybe now, based on all this information, you can see why when Baba Beijing calls, the world’s financial and banking leaders come to listen. Without China’s communist-socialist economic, financial, and banking system, modern human economic activity would implode. There would be overwhelming, global depression, massive misery, chaos and bankruptcies in Judeo-capitalist countries around the world. BMW, McDonald’s, Louis Vuitton and many thousands of other companies would be on the chopping block, because without communist-socialist China’s exports and imports, manufacturing, supply chains and logistics producing everything that everybody needs to make money, the world’s lights would go out.
Below are seven related articles that I have written…
Further reading
References
https://www.globaltimes.cn/page/202512/1350159.shtml
https://www.globaltimes.cn/page/202512/1350250.shtml
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Praise for The China Trilogy:
Jeff J. Brown’s libraries and catalogues A-Z: 1,000s of hours of research, writing, editing and podcasting.
Why and How China works: With a Mirror to Our Own History
JEFF J. BROWN, Editor, China Rising, and Senior Editor & China Correspondent, Dispatch from Beijing, The Greanville Post
Jeff J. Brown is a geopolitical analyst, journalist, lecturer and the author of The China Trilogy. It consists of 44 Days Backpacking in China – The Middle Kingdom in the 21st Century, with the United States, Europe and the Fate of the World in Its Looking Glass (2013); Punto Press released China Rising – Capitalist Roads, Socialist Destinations (2016); and BIG Red Book on China (2020). As well, he published a textbook, Doctor WriteRead’s Treasure Trove to Great English (2015). Jeff is a Senior Editor & China Correspondent for The Greanville Post, where he keeps a column, Dispatch from Beijing and is a Global Opinion Leader at 21st Century. He also writes a column for The Saker, called the Moscow-Beijing Express. Jeff writes, interviews and podcasts on his own program, China Rising Radio Sinoland, which is also available on YouTube, Stitcher Radio, iTunes, Ivoox and RUvid. Guests have included Ramsey Clark, James Bradley, Moti Nissani, Godfree Roberts, Hiroyuki Hamada, The Saker and many others. [/su_spoiler]
Jeff can be reached at China Rising, [email protected], Facebook, Twitter, Wechat (+86-19806711824/Mr_Professor_Brown, and Line/Telegram/Whatsapp: +33-612458821.
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