Tuesday, June 5, 2012

Beijing won’t change its attitude to June 4th Incident

Shanghai Index on June 4th@peterpeng210.blogspot.com

According to worldjournal.com, the Shanghai stock composite index opened at 2346.98 points on June 4. If we reverse the reading order of the digits, it is easily reminiscent of the day of the 23 anniversary of Chinese June 4th incident, which happened on June 4th, 1989. Another more surprising coincidence was the Shanghai Composite Index fell 64.89 points to close that day’s business in Shanghai stock market (See the picture).

No matter whether it was a coincidence or not, the analysts believe Chinese government won’t change its attitude to the June 4th Tiananmen Incident in a foreseeable future. The reasons are as follows,

1. Chinese political stage is still deeply influenced by its 3rd generational leaders, f.g. Jiang Zemin, Li Peng, etc. The Chinese Communist Party (CPC)’s newspaper People’s Daily emphasized recently again and again the CPC’s absolute leadership to Chinese Military, and the emphasis works.

2. Compared to the economy of western countries, China’s economy is still much better. In such a situation, the Chinese leading party certainly lacks of a willing to say no to what it did in the past.

3. With its comprehensive national strength, China can use not only military forces but also foreign trade to deal with international issues. For example, on the recent island dispute with Philippine, China made successfully Philippine retreat after reducing banana imports from Philippine and Chinese people’s tours to that country. Of course, the still powerful CPC does not feel it should say no to the history of itself.