China Must Have Democracy and Rule of Law to Become a Developed Country
The video points out that if a country is not a democratic country, it is difficult to achieve rule of law and openness. The democracy index is often linked to the integrity index, and the three together determine residents' life experience and the soft power of the international capital market. China, due to a lack of rule of law, democracy and openness, finds it difficult to attract foreign investment, because investors cannot ensure that their assets in China are safe and fear arbitrary confiscation by the government. The article emphasizes that China not only needs to address corruption, but also needs to address the rule of law, because rule of law is the foundation for providing a sense of security. However, the results of anti-corruption have not been accompanied by progress in the rule of law, and may even lead to a regression of the rule of law, as Xi Jinping's personal power has already exceeded existing limits.
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You are not a democratic country, so it is difficult to achieve rule of law and openness. For most countries, the democracy index is linked to the integrity index. A country's integrity index, rule of law level, and openness level not only determine the living experience of its residents, but also its soft power in the international capital market. The obstacle to China becoming a developed country lies here. Because China lacks rule of law, democracy and openness, it fundamentally cannot attract foreign investment. First, if you want others to invest in us and dare to put money in China, you must first ensure that money placed in this country, assets in this country are safe, right? It cannot be that today I put my money here, and tomorrow the government arbitrarily finds a reason to wipe out my assets. Moreover, the issues China needs to solve now are not only corruption, but also the rule of law.
Only with rule of law can you provide a sense of security to others. However, after anti-corruption up to today, China's corruption may have improved a bit, but the rule of law has actually regressed. Xi Jinping's personal authority has completely overstepped the current limits.