How the economic machine works, in 30 minutes The economy works like a simple machine. But many people don’t understand it—or they don’t agree on how it works—and this has led to a lot of needless economic suffering. I feel a deep sense of responsibility to share my simple but practical economic template. Though it’s unconventional, it has helped me to anticipate and sidestep the global financial crisis, and has worked well for me for over 30 years.

This article comprehensively elucidates my views on China’s economy. The full text is approximately 30,000 words, taking the author 14 months to write. Reading it requires 60 minutes. If fully understood, it can benefit for 30 years. A person’s fate certainly depends on their own efforts, but one must also consider the course of history. Ordinary people like us cannot choose the era we live in, nor can we resist historical trends.

Jiang Zemin One’s destiny is unpredictable. Of course, a person’s fate depends on personal efforts, but it also requires considering the course of history. I absolutely did not know how I, as a Shanghai municipal party secretary, ended up being selected for Beijing. So Comrade Deng Xiaoping said to me, “The Central Committee has decided, you are to become the General Secretary of the Party.” I said, “Please choose someone else; I’m truly not being modest.

Candid Jiang Zemin Reporter: Chairman Jiang, by announcing support for Mr. Tung so early, might it give the impression that he’s being appointed through backdoor channels? Jiang Zemin: What I mean is not that I have personally appointed him. You ask if I support him, and I say yes, I support him. I’m telling you clearly. You all are still too young too simple, sometimes naive, understand? Reporter: Understood, Chairman Jiang.

Early Years of the People’s Republic of China After the founding of the People’s Republic of China, Lin Biao held various positions including Chairman of the Central South Military and Political Committee (later changed to the Central South Administrative Committee), Commander of the Central South Military Region and the Fourth Field Army, Vice Chairman of the Chinese People’s Revolutionary Military Committee, Vice Premier of the State Council, and Vice Chairman of the Central Military Commission of the Chinese Communist Party.

Lin Biao Lin Biao (December 5, 1907 – September 13, 1971), originally named Yu Rong, with courtesy names Yangchun and Zuodai, and pseudonyms Yurong, Yurong, Yurong, Youyong, and Chun’er. He was from Huanggang, Hubei, and was a political figure and military strategist in the People’s Republic of China[3]. A founding father of the People’s Republic of China[4], he was a former national-level leader and one of the main founders and first-generation leaders of the People’s Republic of China and the People’s Liberation Army.

Mao Zedong’s secret speech to local leaders quickly reached Lin Biao through various channels. Lin, who was in Beidaihe at the time, realized that a break was imminent. Knowing Mao well, Lin understood that he had been ensnared in a noose and couldn’t help but feel somewhat dejected. He even confided to those around him, “I won’t live much longer anyway. If I die, I’ll die here. It’s either prison or martyrdom.

After the start of the Cultural Revolution, Liu Shaoqi was soon persecuted to death in Kaifeng, Henan, which Mao Zedong appreciated as a significant achievement. Lin Biao, who was the most effective in cheering and waving flags, quickly rose through the ranks, becoming the nominal second-in-command as the Vice Chairman, reaching the pinnacle of his career. However, Lin Biao was not at ease with this. When he suddenly received a notification from Zhou Enlai to return to Beijing, he was extremely hesitant.