Is China too big to fail?

Yu Qiuyu

Yu Qiuyu

My recent post about the financial problems of shipbuilder Rongsheng was renamed from it’s original title to become China believes shipbuilder is ‘too big to fail’ – does China share the same belief about itself?” This posed a very interesting question: Does China believe that it is too big to fail?

In fact it consists of two questions: Do Chinese people believe that China is too big to fail? Does the Chinese Communist Party (CCP) believe that, because China is too big to fail, so is the CCP?

The second question is very simple, therefore I will answer the second question first.

Mao brought the CCP to the verge of collapse, but knowing that, Deng Xiaoping launched the reform and opening-up to save the CCP. However, as it took time to improve, people anxious for improvement tried to overthrow the CCP during the Tiananmen protests. The CCP avoided the sad destiny of collapse by sending more than 300,000 troops with tanks to suppress unarmed protesters.

Soon afterward, almost all ruling communist parties in the world collapsed.

Since then, the CCP has been entirely filled with a strong sense of crisis. It never again thought that it will not fail as China is too big to fail.

The second question is much more difficult, though there seems to be a well-accepted answer among Chinese people in mainland China, Taiwan and Chinese communities all over the world.

Yu Qiuyu travelled all over China to study Chinese culture, and wrote a few books on Chinese culture. Some of his books are top best sellers, each of which has sold more than 20 million copies. He became well known not only in the People’s Republic of China on the Chinese mainland and the Republic of China in Taiwan, but also among all the Chinese communities in the world, including those in Singapore, Malaysia, the United States, and most other countries.

He then travelled all over the world to study other civilisations, and compared them with Chinese civilisation.

He is proud that of all the ancient civilisations, including Greece, Egypt, Babylon, Maya and others, China is the only civilisation that remains prevalent in a large country, and has been able to remain powerful for thousands of years.

Greece’s civilisation prospers as “the west,” but Greece itself is now small and weak. The civilisations in Egypt, Babylon, Maya, and others have not been inherited by their later generations, to whom even much of the culture of their ancestors remains a mystery.

Chinese people in China and the Chinese communities outside China perhaps believe China will not fail, but it is not because China is too big to fail.

Yu Qiuyu has summed up 9 reasons why Chinese civilisation has not failed, but remained prosperous for thousands of years. Those reasons though are accepted by the Chinese people, I think are still arguable; therefore I do no elaborate here.

Human civilisation as a whole only has a history of less than 10,000 years, but the current trends of pollution, weather changes, self-destroying capacity of nuclear weapons, and other man-made influences are worrisome. They seem to forebode that the human race may destroy itself, or destroy the earth and make it uninhabitable within a few centuries.

It seems to me that even the human race, or the earth, is not too big to fail!



Categories: Human Rights & Social Issues

Tags: , , , , , , , , ,

6 replies

Trackbacks

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