How China Is Taking On Billionaires and Big Tech to Combat Inequality, w/ Tings Chak 

China: govt cracks down on billionaires US: billionaires cracks down on govt

When people own hundred of billions while some of their fellow citizens are homeless or go to bed with an empty stomach, is this democracy?

China and President Xi deserve great respect from everyone because there following a path that can be extremely helpful in creating a world where there is less inequality, misery and war terrorism, a better balanced planet that can continue to survive.

I think China gets little credit for their biggest innovation and that is how to adapt to change and manage the well being of the society and environment. Many would love to live and work in China if they knew better

How dare China succeed and help out other countries?!

China's accomplishment on eliminating poverty has to be regarded as one of the most remarkable achivements in Humanity.

"Oh no, not the billionaires!"🤣 She is brilliant in explaining things. Very informative. 👍

I looked up Deng Xiaoping’s quote on capitalism and found this boss a55 quote. “The United States brags about its political system, but the President says one thing during the election, something else when he takes office, something else at midterm and something else when he leaves.”

She is really good at telling the story of China. President Xi should hire her to face the western journalists.

Smart move by China to let billionaire pay back to the people they made their Billions from. Love your show Rania

This is a great refreshing perspective on modern China. I have been visiting China since 2003 and spend a lot of time there as well as having family there. This video is consistent with my observations of China. We need to work with China and not fear it.

Such a great segment. You never see Americans think like this. Great guest. Great discussion.

Tings Chak thanks for giving the correct picture of why the Chinese government cracked down billionaires and on big tech and education companies.

Ms Tings Chak explanation of "common prosperity" means in China is excellent and to the point. In the US their is no such thing as "common prosperity" is only for the 1% on millionaires and billionaires.

Thanks for bringing Ting back on. She's awesome!

Why do you think there are so many homeless people in America but hardly at any in 1.4 billion people in China. Cracking them up now rather than later and it would be too late.

these series on China are so informative and necessary Rania, thank you!

Extreme income disparity is something that all governments should work hard to resolve

Always learn something from Tings. Thanks Rania.

A billionaire losing 70% of his wealth is still filthy rich though. It's smart of him to try to look for new business opportunities that also fulfil social responsibilities.

I'm so totally in love with you two!! Righteous women rocks!

I liked her calm articulate and charming approach to your not so easy questions

I love everyone of your interviews, this one is particularly excellent.

Beloved sisters, Raina and Ting, thank you so very much for your erudition and for sharing your wisdom.

you guyz are doing a great job, please keep interviewing the relevant people, whose intentions are not malicious but to inform the world with pure truth

we love Rania & Tings 💕💕💕💕💕💕💕💕💕💕

Your guest is so young, intelligent , who has a great insight about China based on her research, first hand experience! In contrast most of journalists or politicians are so biased, they should feel shame if they have a chance to watch your interview! Great job ladies! I am following both of you now

This is a Top guest! More of these kind of interviews.

thanks for elucidating this very misunderstood topic. hope to see more of Ting as she is very convincing and can drive many off the fence

Could we get China to bring democracy and freedom to the US? Please?

Great work, Rania!

Watching and listening these two young charmung and highly intelligent and brilliantly informed ladies about the topic at hands, was really very informative and pleasurable. 👏👏👏👍👍👍🎉🎉🎉✌️✌️✌️

I would never know about the connection between Ms Tings and Brazil, and as a Brazilian myself I can reassure about this sentiment that she said about. We have, know, more than six hundred thousands of deaths and yesterday the Health Minister said that is better lose life than liberty (do dead people have liberty? I don't know) and during the pandemic the "democratically elected government" only disrupted the minimal health/prevention policies that some local governments did (even the barriers in airports), so this sensation the she described is very very true

Tings is simply great. Thanks for sharing

This shows you that policies matter, good for China...I was worried about the ridiculous amount of wealth accumulation by chinese billionaires...Redistricution is key to have a healthy and balanced society.

I can listen to Tings all day long. Great Interview!

Thank you again ladies, these interviews between yall are always lovely

There is a big difference in dealing with "inequality" in China and in the USA. In China, people want equal gain with equal contribution; in USA, some people want gain with no contribution.

i like what Chomsky says about the threat of China: the threat is, that they will not be intimidated (unlike Europe) xD

I wish BreakThrough News eventually will have collaboration with Brian Berletic from The New Atlas channel.

Yes, it's long been time for the PEOPLE'S Republic of China to return to it's roots!

awesome conversation. thank you!!!

Government subsidizing companies that make wealth (not just money), and de-prioritizing companies that extract wealth.

This is great move by China. Yes, this is crackdown against wealth inequality, and all aspects of too much individual wealth and better distribution. Keep at it China. This is the right direction.

Tings Chak é um fenómeno!

Wow! Such a misconception about China... Where west is lloting people's money in all sectors mostly in education sector. No wonder USA cannot stand some country use wealth for fair distribution for public welfare.... Love your show and Tings Chak is highly knowledgeable.. Right away subscribed to your channel. Will see her some postings as well... Good work for public knowledge

Spending a dollar on the poor increases prosperity a lot more than spending that dollar on rich which by definition already have enough. Diminishing marginal benefits of profits. DUH.

This channel in a nutshell: a woman that is cute, lovely, beautiful, logical, intelligent, and has a good sense of humor at the same time. AND YOU HAVE TWO OF THEM!!! I juuuuuust couldn't get enough of this. this is a BLISS I could watch my goddess right here talking all day every day.

This interview has left me with a better understanding of how China is improving. Thankyou

Great interview and very informative!

Very informative! I think that the rise of China which were hoping will REPLACE the racist imperialists might offset the merciless oppression by so called western countries ......as a side note, I just couldn't help but notice how beautiful both of these women are!

Thank you so much for presenting this! I heard about it awhile back, but never got current news!

How are people getting rich ? They need a good idea + natural resources + labour-force with right education + a way to get to the marked + a way of markeding + houses for the labour-force etc etc. Why do some people believe their idea gives them the right to all surplus from the product, leaving no money for education, roads etc. ?

You young ladies have aired one of the best descriptive dialogues in simple language that people can understand without bias. Thank you both for responsible take on the issues you brought to light. Awesome.

LOVE U BOTH EPIC INTERVIEW

You speak my mind..... Thank you for expressing it all.....

Thank you very much doing nice things for africa 🌍

Great work, thank you Rania and guest.

Bezos: "common prosperity?????? noooooooooo ...."

I would hit the like button 1 million times if I could...

I have known of Rania Khalek but never watched this show. Great guest, just subscribed!

Thank you for these informative talks. Please continue your important work✊🏻

Good! Learned a lots. Thanks you two.

Nice balanced reporting. Much appreciated.

Thats was a beautiful and great Talk Interview about China.The Lady have won a New Fan. Jiayou.🥰

Greetings from South Africa BRICS + with appreciation.

I'm loving your interviews!! Keep up the good work

Tings!!!👍Thanks

Soooo blessed to hear the truth from two brilliant ladies. Please bring Professor Keyu Jin too into your dialogue. Thank you Rania and Tings for your great information. Highest salute and respect to both of you.

Both China and the US have anti-monopoly laws, but China has more than just anti-monopoly laws，It is understandable that capital would resist the Chinese system because they can no longer influence politics through the power of money

Tings is pretty, articulate and intelligent. Great analysis 👍🏼🌻

the poor must rise up against the elites

On China crackdown on billionaires, most apparent with the Tech Sector, a couple of things Westerners will find it difficult to understand are: A) In Socialist China, Capital actually has a lot of lattitude to allocate resources and develop Product & Services, BUT, Capital is a tool, and ultimately it has to serve the people, not control or enslave them with lifelong debt, threat of bankruptcy, homelessness, destitution. B) In Chinese culture, wealth is pursued and celebrated, but there also need to have balance. Common Prosperity is an exhortation to shift towards this balance. It isn't everyone gets equal pay no matter your effort or output, but a "more fair distribution of wealth". A healthy society is not one where the capitalists have 50-90% of the wealth & resources of the country, but one where the entire population has social mobility and opportunity. This can only happen when people have the ability to build equity for themselves, their families. As such, there's no utility for a billionaire to have his 14th luxury mansion, or his 3rd private jet. But all these excesses, can have huge multiplier-utility if it is in hands of 10000 families.

Enjoyed sitting in on the conversation. Thank you for posting.

So well stated what’s happening here. 👍

I'm gonna really need for the U.S government to mind their own biz wax for once. This is getting ridiculous. A homeless man died this week because he was exposed to severe cold conditions. This should never happen in the wealthiest nation on planet earth.

Those billionaires are the roots of inequality.

Excellent analysis from this lady, never heard of Ting before but she's very articulate... we might need to hear more from her.😉

such a good interview , I learned so much . I can now argue my point with friends . lol

This is one of the most interesting conversations I've heard on RU-vid.

China has a classic mixed economy such as existed in the UK and US from the 50s through to the 70s. It was one of the most successful times economically and sociologically that both countries have ever experienced. The 100% private ownership model has been a disaster for the UK which is becoming one of the most backward and unequal countries in Europe. Maybe this is true for the US as well.

Applause for every one of your great shows!! I am learning about Tricontinental affairs as never ever. 👋👋👋💥 See you almost daily in 2024.

This is yet another exemplary episode from Break Through News with a breadth and depth of content that one rarely finds anywhere else in 'alternative media' and if one does it is very unlikely to be delivered in a way that matches the professional and thoroughly engaging way that both Rania and Tings do.

Oh nice to see Tings on BT. She and her partner of Dongsheng. Have been doing a thing with Daniel Dumbrill for quite some time.

Very eloquent and clear in explaining the chinese position.

Thanks Ladies very informative 🙏🙏

Super program by 2 amazing ladies. Big salute to you both

Please have her back on anytime🙏🏽🙌🏽

Regarding ANT financial, it was highly risky lending practice and would be illegal in the US and Europe. What they were doing was Alibaba had alipay system (similar to Apple pay) where people put money into their alipay account so they can pay for everyday purchases. The digital payment system is 80% of all transactions in China do there are tons of money sitting with Alibaba. They created ANT financials to lend this money out while giving users 4 to 7% return if they keep their money in the account. But because the money generally moves from one alipay account to another, the real money doesn't leave Alibaba so they can infinitely lend money without collaterals to back up the lending. It is highly risky for the average family if ANT financial fails, and there are no rules to audit or restrict Albans because they are not a bank (i.e. apple pay doesn't follow banking rules). This also gives powers to Alibaba to do large investments by lending that money to themselves and start to take over other industries, which is why it was the largest IPO in history as investors are banking ANT to go into other industries and dominate with that much capital. Which is also the reason why Chinese government is moving rapidly to digital currency to prevent private companies to take over this space and put people's money and lives in high risk situations.

Well done, ladies!

It's lovely to hear rational discussion about China. Thank you both. The comments about changing cultural perceptions is interesting. I grew up in an era of Gregory Peck, Cary Grant, Grace Kelly, Breakfast at Tiffany's (with it's cringeworthy depiction of a Japanese landlord) and the US Moon landing. And now that's all gone. The US brutality in Indochine, as it was then known, was brought home by US and British mercenaries on R&R and attitudes started to slowly change. For good or bad, a sea change is happening - and truth will out.

Ms Chak is absolutely brilliant! She’s incredibly smart, knowledgeable, informative and objective! Well done Rania 👍😊for the interview!

Great interview, thanks!

I've noted too, how every much needed regulation of any industry is called "crackdown".

An anecdote from the '60s. I was in a school with three grades per 30 person class. We took a "standardized test". The teacher (who was also the "principal" of the school.) decided to "discuss" the results of the "standardized test". The lowest and the highest IQ scores were written on the blackboard. I felt sorry for the "lowest"... we all knew who he was. I was also embarrassed by the "highest"... because it was equally obvious that that was me.. myself.. All children are a gift from G-d. Even if IQ is not dominant there are other skills that should be equally valued. Every person on G-d's green earth has a right to live a fulfilled life and have healthy and happy children.

Nicely conducted interview

Great coverage as alwas

she is very good. we need more people like her who can articulate so well in english.

Great to hear a description of these policies.

Western countries: colonise, pillage and loot poorer countries for decades or even centuries and after independence don't pay any reparations while trying to loot even more through forcing them to open their economies and seeing them as pawns in their game Poorer countries: establish normal relationships with China Western countries: surprised pickachu face