Even as China suffering from slowdown of its economy amid the trade war with the United states, a senior of the ruling Communist Party of China has said CPC should learn from the collapse of the former Soviet Union and warned against repeating mistakes that led to its demise. Hu Deping, son of late reformist CPC general secretary Hu Yaobang whose death ultimately led to the infamous Tiananmen Square crackdown in 1989, was quoted as saying at a seminar by the Hong Kong-based South China Morning Post:
"One of the fatal errors (made by the Soviets) is that they followed a political system with highly centralised power." He said further: "Not every socialist country does that," said Hu Deping, son of late reformist CPC general secretary Hu Yaobang whose death ultimately led to the infamous Tiananmen Square crackdown in 1989." Hu added: "Another (mistake) was their rigid economic system. By the same token, not all socialist countries must practise a planned economy.
"One of the fatal errors (made by the Soviets) is that they followed a political system with highly centralised power." He said further: "Not every socialist country does that," said Hu Deping, son of late reformist CPC general secretary Hu Yaobang whose death ultimately led to the infamous Tiananmen Square crackdown in 1989." Hu added: "Another (mistake) was their rigid economic system. By the same token, not all socialist countries must practise a planned economy.
Hu also called on the party to actively explore political reforms. "The history of the 20th century proved that capitalist countries successfully boosted their economic growth by relying on technological advancement and improved efficiency instead of an investment-driven growth model," he said. "On the contrary, the Soviet Union went down a road that led to a dead end," he said. "We must fully understand the direction and specific targets of our reforms, and never walk backwards," Hu said, "We must learn the lessons from the Soviet Union and press on firmly with our (reforms) to the end".
