• PersnickityPenguin@lemm.ee
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    2 years ago

    Their 5 year growth plans.

    Mainly high tech chips manufacturing, space technology, weapons technology (hypersonic weapons, nuclear weapons, stealth fighters, aircraft carriers, ballistic missiles), high speed rail, and automotive and electric vehicle technology. To name the major ones.

    • HardNut@lemmy.world
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      2 years ago

      But these goals aren’t inherently or exclusively capitalistic in nature, are they? Capitalism and Communism are both described as a means to an end - that is to say they both make prescriptions on how the means of production should be owned and controlled, but they don’t make much suggestion as to what production that refers to. So, in theory, there’s no reason to believe any of these goals are capitalist or communist in nature, because people have reason to want these things regardless of their preference of economic structure.

      It can be shown in practice that these are not capitalist inherently either. The “5 year plan” is actually a trope amongst Socialist/Communist leaders. Stalin had a 5 year plan that sounded very similar to Xi’s, and Xi adopted this type of state planning from Mao himself.

      China’s weapons are manufactured by China North Industries Group Corporation, which is a state owned corporation, not a private company. China’s tech chips are manufactured by SMIC, also a state controlled corporation. The high speed railway is being built by the China Railway Corporation, also state run.

      I think people get confused by the idea of “exchanging capital” when referring to trade, because it leads them to believe that capitalism means something that profits from capital, but a state can profit from capital just like how a private unit can. Capitalism is NOT the exchange of capital, it’s the private ownership of the means of production. If a state (ie: China) participates in trade, that is not an example of capitalism, because the means of trade are not owned by a private unit.