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China
| Question | Answer |
|---|---|
| China’s current President and Premier | Xi Jinping, does both foreign and domestic policy |
| Chinese Communist Party (CCP) | Ain't that a bitch |
| Nationalist Party (KMT) | Taiwan and the guys who fought CCP during civil war |
| China’s administrative structure | Authoritarian and kinda ass backwards with a hint of corruption and democracy |
| Mao Zedong and Mao Zedong Thought | Whatever bro thought and you'd have to glaze it |
| Class struggle | Be poor and be of the working class because yeah |
| Mass campaigns | Mao said so |
| Mao’s mass line | We'll try to govern good |
| Property forms under Mao | Mbappe special |
| Rural collectives | Redistribution and you for the state |
| Danwei | Revenue and shit, but you work till you die in the same job |
| Centrally planned economy | Five year plan and economic growth is predetermined |
| Soft-budget constraint | SOEs get bail out so its a soft budget |
| Great Leap Forward | Famine and attempt to increase economy |
| Consequences of the growth under centrally planned economy under Mao | Its really just okay |
| Land reform, 1950-52 | Really violent and mostly north northwest |
| Socialization of agriculture, Mutual Aid, Team (MAT), Agricultural Producers’, Cooperative (APC), Commune | Communism |
| Hundred Flowers Campaign | Say your peace, but don't bitch and moan too much |
| Anti-Rightist Campaign | Ay fuck you we're slimming you out |
| Lushan conference, 1959 | Let see where great leap went wrong and lets purge s few people |
| Peng Dehuai | One of Mao's critics and was actively against all this woke shit |
| The Great Famine, 1959-61, and its causes | Too many left the farm, not enough push back, and no grain stored |
| The Cultural Revolution | New society in China under Mao |
| Red Guards | Little red ppl who took Mao too seriously |
| Liu Shaoqi | Glaze Mao and overall good citizen |
| Cult of Mao | Mao was the founder and rightful leader of CCP and China| Little red book thing and slimming out anyone |
| Power struggle after Mao’s death | Outright communist and pragmatic guys who see writing on the wall |
| Hua Guofeng and his “Two Whatevers” | Just follow what Mao says |
| Deng Xiaoping | Reformer and usher of China's peak economic growth from background |
| China’s reform and opening up | Reform, socialism, FDI, Opening ports, Household Responsibility System and more bullshit |
| Shock therapy vs. gradualist approach | Either all at once or one stone at the time |
| J-curve | The economy sucks dick for a while then recovers and you're hunky-dory |
| Dual Track System | Fill your planned quota and the rest you can sale at profit/market value |
| Growing out of the plan | Market now |
| Household Responsibility System (HRS) | Dual Track system but at the village and town level |
| TVE development and restructuring | TVEs had to compete on market and now they actually had to do more than the minimum |
| Rise of the private sector | China opened up and now people want to do capitalism in china |
| Wearing a “red” hat | SOE, TVE being registered as communist and everyone pretending its fine that they get the benefits |
| Yiwu: world’s largest wholesale market for daily commodities | Where all our shit comes from; subpar conditions |
| Taobao Villages | Ecommerce and shit |
| State-Owned Enterprise (SOE) reforms | Dual track system for SOEs and now you can actually make profit |
| 1992 Deng’s Southern Tour | We are gonna do capitalism with a red tinge |
| Socialist market economy | We'll do capitalism in some places, but we'll do some socialism everywhere else |
| Zhu Rongji | THE GOAT of reform and ushering china's modern economy |
| “Grasping the large and letting the small go” | Critical SOEs stay in CCP control and everything else should be in the market's hands |
| State Asset Supervision and Administration Commission (SASAC) and large SOEs | Lets control the SOEs and maybe let a few monopolies form| Still mostly Oligopolistic |
| Foreign direct investment (FDI) in China | Invest in China |
| Special Economic Zones (SEZs) | Segments where we'll do something special |
| Shenzhen | First free city in china insofar as minor capitalism is concerned |
| China’s WTO membership | General Agreement on Tariffs and Treaties and China has to play fair in the world |
| Impact of FDI in China | GROW |
| Outward FDI | Invest, profit, Belt & Road |
| Fiscal contracting system | Shared revenue and whatever is left goes to the local gov |
| 1994 Tax sharing system and its consequences | The thing we got today and overall a bitch because everyone is bossing everyone with local gov taking the biggest hits |
| Direct vs. indirect tax | Consumption vs getting billed |
| Rural tax-and-fee reforms | Rural ppl no longer gotta pay ridicules ass shit |
| Expenditure across levels of governments | Its just so damn expensive to do anything |
| Abolition of agricultural tax and its consequences | Accountability along all levels of government |
| Fiscal deficit facing local governments | WE HAVE TO FUND SOCIAL SPENDING WITH NO HELP |
| China’s response to the 2008 Financial crisis | 4 trillion RMB financial package where we build shit |
| Local government financing vehicles (LGFV) | State sponsored corporations local gov used to get the credit through banks |
| Legacies of the stimulus program | Now we're too reliant on the cheap credit and debt |
| Land property rights in China | you can lease, but can't buy from local government |
| Land as a source of revenue | Local gov sells land at one massive lump sum |
| Land transfer fee | The lump sum itself |
| Land as collateral | If you ain't got shit bet your land on it |
| Local government debt | Holy hell is it high because Bejing is too generous |
| Made in China 2025 Initiative | Upgrade, substitute, Scale, Coordinate all in an effort to be the supply chain for more than cheap toys |
| Cadre evaluation system | Everyone gets evaluated for local reasons, but if you fail the gov's Veto player you fail automatically |
| China’s industrial upgrading strategies and consequences | China is now becoming more and more independent with its supply chain |
| Frontier innovation vs. diffusion | R&D vs Government policy giving everyone a leg up |
| Industrial upgrading vs. Economic security | Keep everything in China so Washington DC can't turn off the economy |
Created by:
mrmonkey14