This shift is already well in the past, and stems from the inevitable limitations of the pro-market reforms the Stalinist regime in Beijing has introduced. This investment exceeds that made in Eastern Europe and the former Soviet Union combined. The capitalists have sought to profit from the low wages paid to workers, guaranteed by Beijing's repressive apparatus, and from the economic growth that has accompanied mass migration from the countryside into mushrooming cities. But capitalism is not close to being restored into the Asian giant, home to 1.2 billion people. And the significant industrialization has brought into being a bigger working class.
Labor disputes are on the rise in China today.
Washington regards China not as a trading partner but as a potential neocolony. This year, the 50th anniversary of the revolutionary triumph was celebrated in the streets of Beijing with a demonstrative military parade, including rows of infantry, mobile missiles, and a new jet fighter. Despite the Stalinist misleadership of Mao Zedong, by the early 1950s the Chinese people had ended imperialist domination, unified the nation under a central government, nationalized the land, banks and major means of industrial production, and consigned the rule of the landlords and capitalists to the past. The imperialists refused to recognize the People's Republic of China, and allotted China's seat at the United Nations and other international bodies to the regime set up by the exiled forces of Chiang Kai-shek on the island of Taiwan. The staying power of the Chinese revolution and the continued revolutionary ferment in Asia and Latin America eventually helped to render many aspects of this blatant anti-China policy untenable.