Reporter : Liu Minghuan / Editor : Wenhui / https://www.ntdtv.com/gb/2020/12/15/a103010142.html / Direct translation / Image : Private enterprises in China such as Alibaba and Ant Group love their country but do not necessarily like CCP.
The Political Bureau of the Communist Party of China has just issued an anti-monopoly and anti-capital disorderly expansion signal, and Alibaba is targeted at. Following the emergency suspension of the listing of the Ant Group under Jack Ma’s in early November, it is now under the anti-monopoly law. He tried the knife and was fined 500,000 yuan. The analysis believes that the authorities' move is suspected to be warning Ma Yun and other private enterprise owners to use the money to "save the party."
According to comprehensive media reports, Beijing’s attitude towards private entrepreneurs is becoming tougher. The Politburo meeting held last Friday clearly stated for the first time “strengthening anti-monopoly and preventing the disorderly expansion of capital”. On December 14, the State Administration for Market Regulation of the Communist Party of China issued fines to Ma Yun's Alibaba Investment Co., Ltd., Tencent Holdings subsidiary China Reading Group, and Fengchao Network Technology Co., Ltd. that were fined 500,000 RMB each. Alibaba and several other companies responded that they have rectified as required.
Soon after Jack Ma's listing of Ant Group was suspended, Xi Jinping went to Jiangsu, where there are many private enterprises, in November to ask private enterprises to learn from Zhang Qian's "industry to serve the country" and link the service of the country with "patriotism". Earlier, the General Office of the Communist Party of China issued opinions requesting private entrepreneurs to "unswervingly listen to the party, follow the party, and be politically sensible." On November 19, Xu Lin, the deputy minister of the Central Propaganda Department, made a strong statement, “resolutely prevent the risk of capital manipulation of public opinion.”
The analysis believes that the current situation of the authorities is getting more and more difficult due to the internal cycle of difficulties. Therefore, they started the idea of a private enterprise, Ma Yungang had an accident, and the Dawu Group was liquidated by lightning. Xi asked private companies to learn from Zhang Qian. He may be warning Ma Yun and other private company bosses to "save the party with money." If they do not want to be Zhang Qian, the CCP will launch a tough policy. Let private entrepreneurs be forced to submit.
Ma Yun’s Ant Group was suspended before its listing. Public opinion generally believes that it was all due to Ma Yun’s speech in Shanghai on October 24. Wang Qishan emphasized the need to pay attention to financial systemic risks before Ma Yun’s speech. Ma Yun criticized China. The problem "is not the financial systemic risk, but the lack of financial ecosystem risk".
He pointedly pointed out, "Today banks continue to be pawnshops," while criticizing the authorities for emphasizing supervision, "good innovations are not afraid of supervision, but they are afraid of supervision in the same way as yesterday."
Ma Yun's speech was accused of angering Xi Jinping, so that Ant Group was urgently suspended on the eve of its listing.
The head of the Central Propaganda Department’s so-called “resolutely guard against the risk of capital manipulation of public opinion” is also accused of targeting online companies such as Alibaba and Tencent. Alibaba has invested extensively in media and social networks in recent years, including social software Momo, Sina Weibo, and WeMedia Public opinion platform Huxi, "Jinghua Times" parent company Culture China Media Group, Youku Tudou, Guangguang Media, 36kr, Sichuan Daily Group, Mango TV, Hong Kong English newspaper South China Morning Post, etc. According to reports, from 2012 to 2015, Alibaba has invested in more than 20 media in various ways.
The commander of financial scholars told Radio Free Asia that from Xi Jinping’s statement, it was reflected that private enterprises not only support half of the Chinese economy, but are also the last straw to save the CCP’s rule.
The commander said, “The reason why Chinese entrepreneurs are unwilling or unable to bear so many social responsibilities is because China’s economic system reform has not fully realized the market economy. When Chinese state-owned enterprises have gained a large number of people’s enthusiasm, they have not done justice to society. Making due contributions does not set a good example for private enterprises."
Fung Chongyi, a scholar at the Sydney University of Technology, believes that for the so-called "unruly" private enterprises, the authorities' methods to deal with them will be intensified and eventually lead to a vicious circle.
Feng Chongyi said, “Making all kinds of excuses to confiscated private enterprises. As financial and debt difficulties deepen, it will continue to rob. It is now killing chickens. Taxes and various fiscal revenues will be further reduced, and then it will become a vicious circle. The less money you cut and the more robbery, the more difficult it will bring."
Feng Chongyi predicts that under the escalation of "national advancement and national retreat", China's economy will fall into crisis in the next one or two years.
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