China is dancing on the growth of its 500 big companies, India’s leftists still indulge in debauchery by destroying the rights of workers and farmers. IG News

Chinese company growth and India's leftists

China’s top 500 companies did business worth $5.46 trillion in the year 2022-23. Meaning Rs 452824008000000, in simple words it means business worth Rs 4,52,824 billion. This report has been released by the All-China Federation of Industry and Commerce. According to this organization that works for Chinese private companies, the average annual growth rate of the top 500 companies there is – 3.94 percent.

If we talk about companies known to common Indians in this list, e-commerce company JD, Alibaba, technology company Tencent, Baidu etc. have done the most business. Last year, JD alone crossed a business of 1.05 trillion yuan (12128 billion rupees). Alibaba also did not lag far behind. It stood second with 864.53 billion yuan (9981 billion rupees).

Don’t be surprised to see such big business figures. The shocking news is even bigger than this. Research and Development means 326 of the top 500 Chinese companies have dedicated more than 3 percent of their employees to research and development (R&D). Whereas there are 414 companies which have themselves developed the basic technology related to their product.

If you have understood what the left means as Lal Salaam/laborers/farmers/strike/protest against capital/demonstration against industries etc., then there are still more shocking figures to be found. That figure is from the five year plan. Like India, there too a five-year plan is made and work is done on it. Under China’s five-year plan for 2021-25, the government there has set a target of increasing research and development expenditure to 7 percent annually.

How much is spent on research and development for 7 percent annual growth, is it more or less… let us understand this at the global level. McKinsey & Company is a consulting firm. According to this, if China achieves the target of 7 percent annual increase in research and development expenditure, then it will move towards becoming the world’s largest spender on R&D.

Chinese private companies and Chinese government

  • The leftist government in China is the government of the workers and farmers there.
  • She takes possession of all the money of the businessman and distributes it among the common citizens.

If you think something like the two lines written above, then you are trapped in leftist propaganda. The truth is far from this. Why? Because the five-year plan made in China is made by the government there and not by a private company. Under this scheme, the Chinese government fully supports private companies. Not allowing global companies like Google/Twitter/Amazon to enter China and setting up parallel companies to compete with them… this is possible only with the support of the Chinese government.

How does the Chinese government support its private companies? Understand from the words of Zhao Jiang, Secretary General of the All-China Federation of Industry and Commerce. After this report came, Jiang said:

“Amid economic uncertainties, the quality of China’s top 500 private companies has increased, the technology associated with them has become new and advanced. Thanks to the schemes launched by the government with the aim of increasing the business of private companies.”

In the year 2022, the Chinese government made many efforts to promote Chinese private companies. Two of these major efforts are – (i) Top-level guidelines were issued at the national level to advance the business of private companies and the economy associated with it. (ii) A special bureau was established, whose work was only to provide targeted support to each private company and to take their business forward.

What was the benefit of all this? Who happened? Understand from these figures of last year. Of all the market institutions in China, more than 97 percent are private. Meaning government institutions are less than 3 percent. And how much does the Chinese government benefit from this? According to the Chinese Ministry of Industry and Information Technology, about 50 percent of their country’s tax revenue comes from these private companies, their share in GDP is 60 percent, while these companies have contributed 70 percent in technological innovation.

Leftist China’s capitalist policy, since when?

On September 9, 1976, Mao Zedong (Mao Tse-tung) dies. After this, the government that came to power in China renounced the Maoist ideology. Why? Because the immediate Chinese leaders saw and understood more than one reason for this.

(i) Due to Mao’s policies, China’s GDP grew by less than 3 percent year after year from 1950 to 1973. Whereas in the economic growth rate during this period, China’s neighboring countries Japan, South Korea, Singapore and Taiwan had gone far ahead.
(ii) By the end of the 1970s, food supply and agricultural production in China had become so low that government documents started mentioning the terrible famine of 1959-61, and government officials started demanding necessary steps for this. Were.
(iii) In the famine that occurred in China during 1959-61 due to Mao’s policies, 1.5 crore to 5.5 crore people died due to hunger.

Apart from these major reasons, there were also more immediate reasons, which took the Maoist ideology away from the Chinese government. When Deng Xiaoping or Deng Xiaoping took power after Mao’s death, he gave the highest priority to China’s national economic development in his politics. For this, instead of following any one path, he chose different paths. On one hand, by copying the style of Russia, big industries, businesses and factories were encouraged, while on the other hand, a Special Economic Zone was opened for the first time in China. China, which was earlier completely closed to foreigners (business), started attracting foreign direct investment after 1976.

From farming to experiments in industry, from sending thousands of Chinese officials to see the successful business models of other countries, to enacting the first law on joint ventures to allow foreign businessmen to invest in China… Deng Xiaoping Did many things. Faced a lot of opposition also. But all this work was based on experiment and not bookish/theory-based, hence the results started appearing soon. From 1979 to 1984, China’s policy had become a policy of economic development.

Since 1984, Deng Xiaoping’s regime in China started taking decisions on the reform of the economic system. The biggest decision in this was to minimize government interference and control over private companies. Even after Deng Xiaoping’s death in 1997, the regimes of Jiang Zemin and Zhu Rongji carried forward his policies. Large-scale privatization took place there in 1997–98. The assets of all but a few large and important state-supported industries were sold to private investors. This was done on such a large scale that between 2001 and 2004 the number of state-supported or owned industries there declined by 48 percent.

In 2005, 50 percent of China’s GDP came from private companies. This happened for the first time. In 2005 itself, China had become Asia’s largest economy on the basis of purchasing power parity. Before this, Japan was the super power of Asia. Following this path, after 5 years, in 2010, China had become the second largest economy in the world, leaving Japan behind.

Army Cantt facility also available for private companies

There is a big company named Cheetah Mobile in China. People who have used the app named Clean Master would know about this company. It had tried its hand in the news aggregator business in India. Insta News, News Republic were the apps of this Cheetah Mobile. I have also worked here for about 3 years. Also went to China for work-training. The head quarter of this company is in Shaoyang district of Beijing, our training was done here.

Got lost on the campus of head quarter on the first day. I was panting while walking from the road to the main gate of the office. When I went to the mess asking for something to eat or drink, it took more than 20 minutes. While coming from the mess, I forgot the way to the office. After all, how can the campus of a private company be so big and wide? A Chinese boy who spoke Hindi worked with us. Still have friendship. He told that the place where Cheetah Mobile’s office is, is an army place. Has been given on lease.

Therefore, I am writing the above 2-3 lines again:

  • The leftist government in China is the government of the workers and farmers there.
  • She takes possession of all the money of the businessman and distributes it among the common citizens.

If you think something like the two lines written above, then you are trapped in leftist propaganda.