A woman on her electric-powered scooter films a large video screen outside a shopping mall showing Chinese President Xi Jinping speaking during an event to commemorate the 100th anniversary of China's Communist Party at Tiananmen Square in Beijing, Thursday, July 1, 2021.
Laura He, CNN Business: China's biggest private companies are in chaos. It's all part of Beijing's plan
Hong Kong (CNN Business)China's crackdown on private enterprise has wiped out more than $1.2 trillion in market value for many powerful Chinese companies and stoked fears about the future of innovation in the world's second largest economy.
But the end goal of Beijing's aggressive bid for control isn't about creating chaos. The government wants to make clear to its corporate champions that tapping capitalist markets is fine — as long as it is on the ruling Chinese Communist Party's terms.
The heavy selling has accelerated in recent months as Chinese authorities slap companies with fines, ban apps from stores and demand that some firms completely overhaul their businesses.
Hundreds of billions of dollars in market value has been erased in the last week alone, after regulators announced curbs on China's for-profit education industry and its food delivery sector.
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WNU Editor: This is a massive mistake that I predict will be reversed in the coming months. China needs to create millions of new jobs each year and a GDP that grows between 5% to 10%. It is these companies that provide those jobs and opportunities, as well as its GDP growth. I can understand why Beijing wants to rein in these corporations. But this is tantamount to killing the goose that lays the golden eggs.
4 comments:
They're part of the great reset. They do the same to the lower and middle class as we over here. They're killing and enslaving us, don't you get it by now?
It's global. They're globalists.
The remaining nation states, post great reset are next.
You better stand up, or you'll own nothing. Have no more privacy. They're going big, all in. It's them or us, that simple.
I'm extremely happy of what the CCP is doing. That's a suicide way I approve a lot. Go go go !!!!!!!!!!!
They'll eat anything and everything else, might as well cook up the golden goose as well, basted in shark fin broth. Serve with a side of tiger penis and rhino horn flavored jelly, garnished with thin slices of whatever critically endangered species happens to strike one's fancy.
The Chinese aren't dumb.
They see what's going on in the USA and Europe with the corporate takeovers,.. they are completely wiping out everyone who is not a millionaire, buying up properties underneath them and taking their rights.
We will soon have multiple trillion-dollar heavy corporations, worth more than entire nation states in some cases. They are making their move now to create a corporate dominated system that is similar to what the CCP is, but they are mostly corporate, while the CCP you could argue is traditionally perceived as public (but with a very high percentage of very large private business owners who too(!) have doubled or tripled their wealth since that miracle Covid-19.
And the CCP sees how powerful corporations become and they know about agenda 21 and the Rockefeller group. They don't want it perhaps or have agreed to a different version.
Who knows. All I know is:
Store food(!!) and don't take the experimental shots.
And, if you can, get out of large cities.
Finally, if you can, stand up and inform others of what's going on. We all have to stand up to this change of our systems and not let it become the norm, it's going on way too long already.
And we all know why.
Banks only need to have fractional reserves, and we know our systems couldn't absorb another large shock.
This is it. The big financial crisis.
They are building FEMA camps in the USA now and in the UK they have appropriated money for detention centres.
If you let this allow to happen to your fellow man based on lies and deceit, you will not remain free either. This hell will just last longer for you.
Good luck
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