China’s Strategic Responses to Crises and for Rural Vitalisation

Tsui SIT, Kin Chi LAU, Erebus Wong, Tiejun WEN

Research output: Journal PublicationsJournal Article (refereed)

Abstract

The tyranny of global monopoly-finance capital can be seen in part as monetary geopolitics backed by military power. It directly appropriates, through investment schemes, production gains from the physical and resource economies of developing countries. At the same time, it engages in financial speculation by means of buying long and selling short in capital markets. The end result is the plundering of social wealth. China is not immune to this tyranny. This article analyses how China negotiates with the effects of global financial crises through adopting the policy of strategic transformation towards ecological civilisation and rural revitalisation. In addition, the grassroots initiative of rural reconstruction movement has played an important role in the ongoing transformative process.
Original languageEnglish
Pages (from-to)7-22
JournalSocial Change
Volume49
Issue number1
Early online date6 Mar 2019
DOIs
Publication statusPublished - Mar 2019

Fingerprint

China
capital market
geopolitics
speculation
monopoly
selling
civilization
financial crisis
finance
reconstruction
Military
developing country
economy
resources

Keywords

  • China
  • economic crises
  • sannong
  • rural vitalisation

Cite this

SIT, Tsui ; LAU, Kin Chi ; Wong, Erebus ; WEN, Tiejun. / China’s Strategic Responses to Crises and for Rural Vitalisation. In: Social Change. 2019 ; Vol. 49, No. 1. pp. 7-22.
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China’s Strategic Responses to Crises and for Rural Vitalisation. / SIT, Tsui; LAU, Kin Chi; Wong, Erebus; WEN, Tiejun.

In: Social Change, Vol. 49, No. 1, 03.2019, p. 7-22.

Research output: Journal PublicationsJournal Article (refereed)

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AU - WEN, Tiejun

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N2 - The tyranny of global monopoly-finance capital can be seen in part as monetary geopolitics backed by military power. It directly appropriates, through investment schemes, production gains from the physical and resource economies of developing countries. At the same time, it engages in financial speculation by means of buying long and selling short in capital markets. The end result is the plundering of social wealth. China is not immune to this tyranny. This article analyses how China negotiates with the effects of global financial crises through adopting the policy of strategic transformation towards ecological civilisation and rural revitalisation. In addition, the grassroots initiative of rural reconstruction movement has played an important role in the ongoing transformative process.

AB - The tyranny of global monopoly-finance capital can be seen in part as monetary geopolitics backed by military power. It directly appropriates, through investment schemes, production gains from the physical and resource economies of developing countries. At the same time, it engages in financial speculation by means of buying long and selling short in capital markets. The end result is the plundering of social wealth. China is not immune to this tyranny. This article analyses how China negotiates with the effects of global financial crises through adopting the policy of strategic transformation towards ecological civilisation and rural revitalisation. In addition, the grassroots initiative of rural reconstruction movement has played an important role in the ongoing transformative process.

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