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Started By
Message
Maybe Xi Jinping isn't so bad after all?
Posted on 9/2/21 at 3:34 pm
Posted on 9/2/21 at 3:34 pm
LINK
quote:
George Soros August 30 2021
The writer is chair and founder of Soros Fund Management and the Open Society Foundations
Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the economy. The most vulnerable sector is real estate, particularly housing. China has enjoyed an extended property boom over the past two decades, but that is now coming to an end. Evergrande, the largest real estate company, is over-indebted and in danger of default. This could cause a crash.
The underlying cause is that China’s birth rate is much lower than the statistics indicate. The officially reported figure overstates the population by a significant amount. Xi inherited these demographics, but his attempts to change them have made matters worse.
One of the reasons why middle-class families are unwilling to have more than one child is that they want to make sure that their children will have a bright future. As a result, a large tutoring industry has grown up, dominated by Chinese companies backed by US investors. Such for-profit tutoring companies were recently banned from China and this became an important element in the sell-off in New York-listed Chinese companies and shell companies.
The crackdown by the Chinese government is real. Unnoticed by the financial markets, the Chinese government quietly took a stake and a board seat in TikTok owner ByteDance in April. The move gives Beijing one seat on a three-person board of directors and first-hand access to the inner workings of a company that has one of the world’s largest troves of personal data. The market is more aware that the Chinese government is taking influential stakes in Alibaba and its subsidiaries.
Xi does not understand how markets operate. As a consequence, the sell-off was allowed to go too far. It began to hurt China’s objectives in the world. Recognising this, Chinese financial authorities have gone out of their way to reassure foreign investors and markets have responded with a powerful rally. But that is a deception. Xi regards all Chinese companies as instruments of a one-party state. Investors buying into the rally are facing a rude awakening. That includes not only those investors who are conscious of what they are doing, but also a much larger number of people who have exposure via pension funds and other retirement savings.
Posted on 9/2/21 at 3:35 pm to Seldom Seen
frick, now im torn. Who am i supposed to hate the most.
Posted on 9/2/21 at 3:37 pm to Seldom Seen
Xi believes in a work ethic, albeit slavery, but work nonetheless
Posted on 9/2/21 at 3:39 pm to Seldom Seen
The Swamp hates it when mommy and daddy fight.
Posted on 9/2/21 at 3:41 pm to Seldom Seen
They are limiting their youth to 3 hours of video games
and they are purging sissys from their armed forces.
Looks like they are playing to win.
Posted on 9/2/21 at 3:45 pm to FahQue
Yes, because Xi would have him killed if he was really against him.
Posted on 9/2/21 at 3:46 pm to Seldom Seen
quote:
George Soros
Xi Jinping
Their bosses must be pitting these tier 2 capos against each other.
Posted on 9/2/21 at 3:47 pm to FahQue
Its really weird how twisted the remnants of Karl Poppers open society framework have become under the bastardized Soros model.
Posted on 9/2/21 at 4:00 pm to Seldom Seen
He thinks he's being clever by declaring this, and hopefully cause thread titles like this one through reverse psychology.
Posted on 9/2/21 at 4:06 pm to Seldom Seen
At least Xi supports his own country.
How many in DC can match that.
How many in DC can match that.
Posted on 9/2/21 at 4:30 pm to Gus007
quote:
At least Xi supports his own party.
How many in DC can match that
Fify
Posted on 9/2/21 at 4:54 pm to Seldom Seen
let them fight.
Soros is only mad that he can't usurp Xi's power.
Soros is only mad that he can't usurp Xi's power.
Posted on 9/2/21 at 4:57 pm to Seldom Seen
It's all head games
*They* always say the opposite of the truth; their words, intentions, and actions are never in alignment. The greedy power seeking psychopaths club says one thing and means another at all times.
*They* always say the opposite of the truth; their words, intentions, and actions are never in alignment. The greedy power seeking psychopaths club says one thing and means another at all times.
Posted on 9/2/21 at 4:59 pm to Seldom Seen
Soros needs to update his profile photo. Guy has nutsacks under his eyes these days.
Posted on 9/2/21 at 5:05 pm to IceTiger
I think Trump told the truth when he said that he had a good relationship with Xi. Mutual respect for a worthy competitor. Book it, both have zero respect for Joe; who sells out his own Country to the highest bidder. The WORST
Posted on 9/2/21 at 5:07 pm to Seldom Seen
Without antisemitism intended in this comment...Soros is a guy who was a Jew, who lied and pretended not to be Jewish, and actively took part in the holocaust. He feels no remorse, guilt, or shame about it but instead expresses pride in these actions to this day...and carries on in similar ones how he can. The only thing more pathetic than this monster is any cucked sycophant who finds him respectable, listens to or caters to him, or can even tolerate sharing any place with him in existence. I can't even think about him without deep revulsion
Posted on 9/2/21 at 5:10 pm to Seldom Seen
This a reason why I think there will never be globalism. The #2 power wants to be #1. #1 gets lazy and comfortable and is bought off by the powers in charge to be made weaker. #2 becomes #1 and doesn’t want to give that power up.
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