Make business, not war.
Not my advice but the advice of Jack Ma. You know, the guy the CCP effectively stripped of most of his influence for warning them about problems with China's banking and regulatory system.
Not my advice but the advice of Jack Ma. You know, the guy the CCP effectively stripped of most of his influence for warning them about problems with China's banking and regulatory system.
With Ant Financial being just another regulated lender, there was no way to justify their inflated valuation and by proxy the valuation of parent company Alibaba. Hence the sharp decrease in stock price.
So I think you have your causality backwards: Alibaba didn't lose value because of Jack Ma's warning, rather the "problem" with China's regulatory system he was warning about was that it was going to make Alibaba lose value.
(And invoking his advice when another financial systemic risk is rearing its head might not be the most appropriate.)
In socialism, there’s no need for a pension. The state will decide what to distribute, how much and to whom.
> can’t even see a doctor without waiting for months (unless paying high fees out of pocket)
In socialism, you get allocated resources and services from the “community” aka state. When resources are finite, you wait in lines. We’re already seeing that in nations with socialized healthcare without a private option
> the whole population shrinkage thing in the long run
Thank you for bringing that up. All modern economic systems, socialism included, require growth.
When the voting was all said and done, Xi Jinping was retained for a third term as Chairman Winnie the Pooh; and Li Zhanusa who appeared visibly upset and attempted to help Hu Jintao until being pulled back by Wang Huning and Li Keqiang of the Hu faction were not retained for the 20th Central Committee.
In order to show Hu Jintao was not disappeared, he was later appointed to oversee the funeral proceedings of his own immediate predecessor, Jiang Zemin, over 35 other people who were ahead of him on a list of people to oversee the proceedings.
So you tell us, did Chairman Winnie the Pooh here hijack the CCP or is he just their frontman?
- The author, Sue-Lin Wong, is something of an outsider, and outsider reporting on China typically misses some subtleties of the real situation in the country.
- Given the nature of China, there will never be a fully autocratic leader there, though it may appear that way to some, and the would-be autocrat might be deluded into thinking they are.
Xi is not their front man. Xi is now their ruler who wants to regress China back to Mao’s system.
The CCP also adopted capitalism. I don't see how they hijacked it.