This article appeared first on The CorporateDispatch.Com Week on 5th October 2019
China this week commemorated the 70th anniversary of the founding of the People’s Republic in 1949.
A celebration of a country that has come a long way even if its core political values have remained the same.
A celebration held amid the continuous protests in Hong Kong and what many consider as the biggest challenge to the Communist Party’s hold on power since the Tiananmen protests in 1989.
China has since developed at an extraordinary pace, but it has also remained one of the world’s most restrictive states.
In the meantime, that tight grip on its citizens showed a slight tremble as the dose of violence in Hong Kong keeps increasing at the same pace of the student protests. Many of Hong Kong’s residents never really adjusted to Beijing’s authority instead of London’s; even though they enjoy much more liberty than other parts of China, it is still inferior to what they had before.
The situation is not improving, and China and Hong Kong are both treading a very delicate balance trying to avoid a repeat of 1989.
During all this, might was once again prominent at the much-anticipated military parade which demonstrated China’s military power.
Military parades come in various shapes and sizes and in most countries carry much more weight that what first meets the eye.
This week, all eyes were on China’s in Beijing.
The military parade showcased the country’s rise to global superpower status flaunting the height of country’s military and technological levels as well as its economic strength. The great event was accompanied by President Xi Jinping’s promise that “no force can shake the status of this great nation”.
Tuesday’s parade underscored China’s rapid military modernization in both conventional and nuclear capabilities with the latter, though often ignored, rapidly growing in qualitative terms.
Tonio Galea – CiConsulta Analyst and Editor CorporateDispatch.com