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2011-03-22

The Princeling camp?

Comments on David Kelly “Chinese political transition: split in the Princeling camp?”, 21/03/2011, http://www.eastasiaforum.org/2011/03/21/chinese-political-transition-split-in-the-princeling-camp/

One has to wonder whether there has ever been a unified Princeling camp in China, ever since the Cultural Revolution, or the end of it.

Further, as in Australia here, the word 'reform' has been used in China literally for change at the best by many people and should be supported without any reservation, irrespective whether it is for the better or the worse. An example in Australia was the 'building the education revolution' projects that have been reportedly wasted billions of Australian taxpayer’s money in the wake of the GFC.

If reforms, such as privatisation of state owned firms, in China resulted in state assets corruptly becoming some privileged persons’ private assets, should they be good for the Chinese as a whole? Many Chinese have complained that past privatisation has produced many billionaires who were connected directly or indirectly to people in power.

A lesson learnt from Australian politics is not to believe spins, especially political ones.

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