China's rubber stamp parliament, the National People's Congress on March 10, 2009 in Beijing, China. (Liu Jin/AFP/Getty Images)
In 2001, China’s percentage of capital flight was 130 percent. While China received US$36 billion, US$48 billion made a quick run for the exit. Sure, one might think, that’s not too bad. After all, that was 8 years ago. Isn’t China introducing a US$585 billion economic stimulus package? Yeah, probably. However, many Chinese companies listed on the stock exchange, such as Soho China, claim the package might backfire, and overproduction could appear within as little as 3 years.
In addition, from 1998 to 2008, the regime has added over US$100 billion to its banks, at the same time, removing US$1,500 billion of bad debt to lower its percentage of bad debts in banks.
Okay, so China isn’t exactly at its economic peak.
Unfortunately, money isn’t its biggest problem. With 51 million people renouncing the Chinese Communist Party (CCP), the regime knows very well which itch to scratch first. According to a mainland media report, this year’s congressional session saw the vacant seats of over 300 National Committee of the Chinese People’s Political Consultative Conference (NCCPPC) members—a scene not encountered in the past 60 years.
With such an embarrassing deficiency in presence, the regime cannot afford to lose more face. Especially so when former Chinese spies like Mr. Li Fengzhi publicly withdraw from the CCP outside the Chinese Embassy in Washington, D.C. Now that’s gotta hurt.
The former spy appeared at a rally at MacPherson Square in downtown D.C. and spoke about his decision to quit, “I think, for a Chinese, one of the best ways to show your love for China and for yourself—is to quit the CCP.” Mr. Li also revealed he wasn’t the only spy with the ability to think independently. A horrifying act communism condemns.
Okay, so China isn’t exactly at its political peak.
China lives in an age where freedom has become a crime. On March 10, the 50th anniversary of the Tibetan Uprising, 70,000 Chinese communist soldiers were deployed to Tibet. Gift wrapped and all.
Cai Yongmei, editor of Hong Kong’s Open Magazine, interviewed the Dalai Lama in 2004. According to Cai, the CCP’s rule of Tibet is more cruel than Japan’s invasion of China in the 1930’s. During the Sino-Japanese war, China’s traditional culture was still preserved-in contrast to the Cultural Revolution, where nearly all Tibetan temples were destroyed.
And let’s not get started on Falun Gong, the practice every Chinese official knows about, but isn’t sure of the reason for its persecution. Even though, as some claim, the practice is suffering the biggest religious persecution in history, the number of Falun Gong practitioners continues to steadily grow, well surpassing the 100 million mark.
The regime’s attempts to suppress rights has reached a ridiculous extent. Who could forget China’s “oops”-filled Olympics? Why, China can, of course. So the drums they used during the opening ceremony were funeral drums, and the detention center down the street from the Bird’s Nest Stadium became home to many protestors and photographers—no harm done. The CCP likes to ensure all visitors are well looked after.
Former spy, Mr. Li, appropriately said, “I know many Chinese people have chosen to quit the CCP. This has caused the CCP to panic. It also has brought hope to the suffering Chinese people. (…) I hold great hope for the kind people who are deceived by the CCP. However, at the same time, I also want to remind the CCP’s accomplices, both inside and outside China, that an unjust cause finds little support, and that the evil never wins. One should choose one’s own future carefully. It is not too late to pull back from the brink now. For those who continue to side with the evil and to do evil, eventually misfortune and harm will befall them.”
Communism is breaking down from the inside. The CCP will send out soldiers to stabilize its frontiers, while its core crumbles. The world saw the Soviet Union and Eastern Block collapse overnight. For China, it’s not a matter of if, but when. The sands in the hour glass wait for no one.
