{"id":27913,"date":"2021-09-23T04:50:54","date_gmt":"2021-09-23T04:50:54","guid":{"rendered":"https:\/\/www.banglanewsus.com\/english\/?p=27913"},"modified":"2021-09-23T04:50:54","modified_gmt":"2021-09-23T04:50:54","slug":"changing-china-why-xi-jinping-is-leading-a-way-back-to-socialism","status":"publish","type":"post","link":"https:\/\/www.banglanewsus.com\/english\/2021\/09\/23\/changing-china-why-xi-jinping-is-leading-a-way-back-to-socialism\/","title":{"rendered":"Changing China: Why Xi Jinping is leading a way back to socialism"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">For decades life in China had evolved around its home-grown version of let-it-rip capitalism.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Despite being technically a &#8220;communist&#8221; country, the government had put its faith in trickle-down economics, believing that allowing some people to become extremely rich would benefit all of society by dragging it out of the disastrous quagmire of Chairman Mao&#8217;s Cultural Revolution as quickly as possible.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">To an extent it worked. A large middle class has emerged and people in virtually all strata of society now have better living standards as a result.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>For decades life in China had evolved around its home-grown version of let-it-rip capitalism. Despite being technically a &ldquo;communist&rdquo; country, the government had put its faith in trickle-down economics, believing that allowing some people to become extremely rich would benefit all of society by dragging it out of the disastrous quagmire of Chairman Mao&rsquo;s Cultural Revolution as quickly as possible. To an extent it worked. A large middle class has emerged and people in virtually all strata of society now have better living standards as a result.<\/p>\n","protected":false},"author":2,"featured_media":27914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,34],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/27913"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=27913"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/27913\/revisions"}],"predecessor-version":[{"id":27915,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/27913\/revisions\/27915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/27914"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=27913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=27913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=27913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}