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China: Extreme danger for ruling bureaucracy
  • Vitaliy_KiselevVitaliy_Kiselev

    Shares of Chinese companies are up nearly $ 5 trillion in 2020 thanks to the country's rapid recovery from the coronavirus pandemic.

    The capitalization of Chinese companies soared 41 percent (to $ 16.7 trillion) from the beginning of the year to December 22. According to this indicator, the PRC has rise that is double of one in United States. The capitalization of American companies grew by 21 percent (to 41.6 trillion). Experts point out that this has been a very successful year for China.

    Ruling party is now at extreme danger, hence all this moves around Alibaba. As power of private business that is led by local oligarchy became too dangerous.

    Issue is that all Chinese elite is idealists not understanding basics of materialism, trying to balance on private agreements and gifting private business owners billions of dollars each year.

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  • Vitaliy_KiselevVitaliy_Kiselev

    The country’s regulators have ordered the Ma-founded Alibaba affiliate Ant Group to scale down its business. In particular, they’ve ordered the company to “return to its origins” as a payment provider. Ant Group started out as Alipay, which became China’s largest digital payment platform, though it eventually expanded to offer investment and savings accounts, as well as lending, insurance and wealth management services. Pan Gongsheng, the deputy governor of China’s central bank, called those services “illegal” and said the company must “strictly rectify” those activities.

    Too late and too small measures. Jack Ma and all leading top business must be in labor camps.

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