How China plans to revive its economy with a ‘policy bazooka’ 

Read the full story: sc.mp/5bb0fe

Another example of this channel providing a fantastically insightful view on policy implementation and actualisation. It cannot be underrated for it's provision of an honest, internal view on concepts the West so struggles to digest and interpret. Please continue with the direct style and clever choice of interviewees.

China doesn't want to fall in Middle Income Trap which is why she is currently taking painful economic reforms. Result of this will be seen in upcoming decades if it works or not.

Govt cannot convince investors to return unless govt focus on the economy and not security. Investors got burned badly, you think they will return easily? Besides people have no money to spend, how can you entice foreign investors to set up shop or local business to expand.

This reminds me of the period during the Hundred Flowers Campaign, also termed the Hundred Flowers Movement (Chinese: 百花齐放) and the Double Hundred Movement (双百方针) from 1956 to 1957 during which the Chinese Communist Party (CCP), led by Mao Zedong, proposed to "let one hundred flowers bloom in social science and arts and let one hundred points of view be expressed in the field of science." It was a campaign that allowed citizens to offer criticism and advice to the government and the party. Mao had realized that the CCP's control over intellectual life was stifling potentially useful new ideas. Subsequently, the party cracked down on those intellectuals who took heart and offered their heartfelt ideas and criticism when the criticism became overwhelming for the party.

Panic mode = all hands on deck

Who’s going to pay for it?

The emperor made a mistake with the economy and is asking the officials to offer their ideas without fear of reprisal? Smart officials will not act smarter than the boss. 😂

Promises promises Already broken ¥800 for every child per month to families with more than 1 child WITHDRAWN

According to a report by BusinessKorea, Apple's manufacturing partner Foxconn has hired 50,000 new workers at its Zhengzhou factory in China to fulfill the shipment of 90 million iPhone 16 units. Foxconn also increased the hourly wage of up to 25 Yuan in late July to ramp up iPhone 16 production.12 Aug 2024 ???? How can this be true saar? Oh wait... What about India saar?

Lol, keep on dreaming...

It’s like a doctor administrating a booster to a patient who is about to stop breathing.

Winnie the pooh is willing to sell a property for 1 million watermelons 😊.

Grow private sectors then gov take their profits, big brain❤

In china, Genghis Khan is considered as a national hero😍😍😍

People remember the "come set up your company in China" policy and then the subsequent, "watch us steal all your business models, technology, and assets policy," that launched BAIDU, Alibaba, etc.

the way they handled Hong kong and thinking investments would flow to Shanghai instead, oh boy were they wrong.....

Unk Xi runs the ship calm, collected, and calculated. 💪 🇨🇳

Going back to this policy also means that caution gets thrown overboard. Cleaning out the property sector was long overdue and necessary. Now they're setting the country up for new, similar mistakes?

The purchasing power of Indiarrhea versus China. # of Apple Stores in China = 57 # of Apple Stores in India = 2🤏 This is real purchasing power. No business owner would build more if it is unprofitable.

Unsecured loans for housing projects? Yikes

It's the Great Leap Backwards again !!

Can the reporter please stop scratching his face, forehand and chin, and unfold his arms?

That Why they dont Use Policy shotgun is just too Weak

Corruption without consequences !!!

A poor country like India, where the majority of its population lives in extreme poverty, should prioritize addressing poverty instead of allocating funds to build unnecessary temples, statues, and doing unnecessary space missions. India ranks 111th out of 125 countries in the World Hunger Index. Modi should concentrate on feeding the 1.4 billion hungry Indians to improve the hunger index ranking.

He promises to reward the bold?

It is really crazy. No sane person would want to live in this congested building. It remind me of Singapore, all their citizens live and cramp into this sardine like environment. Why buy this when I can own my own town house.

I used to be a loyal customer of Apple. I had their first iphone up to iphone 14 and the first generation Ipad Air. The time when I boycotted their products is when I received news that they had decided to go for a "made in India". Boycotted their products, iphone 15, ever since. Best thing I ever did.

The private sector and FDI is not willing to invest due to uncertainty of government policy and laws there is no true separation of state powers. Local government can change course suddenly and declare one day you industry is illegal or not growing not the way they like.

'Tofu bazooka' is coming next which will lead to more tofu dreg property market.....

Why is it that Indians are 3 tall compared to 4/5 tall Chinese? Why isn't there any Indian basketball players in the NBA that is worth mentioning? According to World Population Review, the average height of men (age 19+) India: 166.5 Philippines: 165.23 China: 175.66 🤣😂😅

Nah. They rather waste the money on building more submarines that will sink.

The Mughals are actually the rightful ruler of India.

Revive ?

yeah... look at what happen to jack ma and many others whom explores....

I hear Japan in the '80s calling 🤣

China's 🇨🇳 economy is too sick. - Regime change in China is a win-win solution for both China and the world. Taiwan 🇹🇼 can help.

Chinese shares going through the roof.

Why do we have such a dumb names , bazooka, hard landing.

South China morning post bias

China, wisdom of a civilization nearly 5000 years. CCP a skilled strategic organization. Chinese citizens imbibed with Confucian values. Pres. Xi a dynamic leader. The Chinese should be grateful because no one can fulfill all the wishes of all the people. According to economic theory/experts, an economy which has had pioneering/rapid growth will also slow down. This does not mean that China is in decline.

中国与巴基斯坦的良好关系 🇨🇳🤝🇵🇰

US Trump bots incoming

If you think printing $ can save the failing economy, you're either too simple, or sometimes naive. 😂😂

习近平的反腐败举措初衷良好，并取得了显著成效。然而，将中国当前的经济困境完全归咎于其个人并不公允。习近平出身于一个政治世家，这一背景深刻塑造了他的领导风格与政策取向。 中国历史上，腐败与贿赂现象由来已久，从秦朝至清朝屡见不鲜。即便在20世纪末，邓小平推行经济改革时也曾面临巨大阻力，而这些改革最终推动中国逐步成为全球经济大国。 当前经济问题的根源在于长期存在的腐败文化，导致巨额债务积累，或需几十年方能化解。尽管习近平的紧缩政策加剧了部分困难，但这些措施对于遏制不负责任的支出行为是必要的。腐败和贿赂的广泛存在，已对金融体系构成严重破坏，进而威胁到经济稳定。 改革的推进尽管可能带来阵痛，但应对腐败与过度消费问题已刻不容缓。在这方面，香港的经验具有重要参考价值。香港在上世纪60年代和70年代曾深陷严重的腐败危机，尤其是在警察部门。腐败猖獗，警察常常与黑社会勾结，收取贿赂并保护非法活动，导致社会秩序混乱，公众对执法系统失去了信任。 1974年，香港政府成立了**廉政公署（ICAC, Independent Commission Against Corruption）**，以应对日益严重的腐败问题。廉政公署采取了大规模的反腐行动，对警察部门进行了彻底调查。著名的案例包括**前警察总探长吕乐**，他在香港警队时贪污受贿，累积了巨额财富。ICAC成立后，吕乐逃亡国外，而他的案件揭示了香港警队腐败的深度。另一个例子是1977年**“香港警察骚乱”**，当时部分警察对ICAC的反腐败行动感到不满，导致大规模抗议，最终在政府坚持下，反腐行动得以推进，腐败风气被有效遏制。 通过强有力的执法和制度改革，ICAC逐步恢复了香港社会对政府和警察的信任，使香港从一个充斥腐败的城市转变为全球最廉洁的地区之一。ICAC的成功不仅在于它对腐败的零容忍态度，还在于其高效的组织结构和透明的工作机制，这些都为有效治理腐败提供了制度保障。 有效利用香港的资源与专业知识，有望显著改善中国的金融体系。引入香港的外部审计团队有助于提升中国金融系统的透明度与问责机制，从而为稳定的经济环境奠定基础。尽管在习近平领导下推进此类改革存在复杂性与挑战，但这可能是迈向金融体系现代化与稳定的重要一步。这种合作有望为中国经济带来更大的韧性与公信力。 香港凭借其卓越的人才储备、丰富经验、透明度与专业精神，堪称理想的第三方审计解决方案，有助于有效防范利益冲突。廉政公署的成功经验表明，遏制腐败不仅依赖强力打击，更需要系统性改革和制度建设，这些经验对中国的金融体系和反腐败努力具有重要借鉴意义。 ### 与使用普华永道作为审计方的比较 虽然**普华永道（PwC）**是一家在全球范围内享有盛誉的审计公司，擅长财务审计和企业治理，但引入**香港廉政公署（ICAC）**的模式或外部监督，在解决中国的金融腐败问题方面，可能比单纯依赖普华永道更具优势。以下是为什么廉政公署模式可能在某些方面更加有效： #### 1. **反腐败的专门化** - **ICAC 的核心使命**是打击腐败，确保公共机构和私人企业的诚信。与普华永道专注于财务审计不同，ICAC在发现和消除系统性腐败方面经验丰富。 - ICAC在处理**根深蒂固的腐败现象**，特别是涉及多层政府和企业间勾结的复杂腐败网络时，具有独特优势，而这些问题可能超出普华永道传统财务审计的能力范围。 #### 2. **政府腐败整顿的成功经验** - ICAC在处理香港警察部门及政府内的系统性腐败方面有着卓越的成绩。例如，前警察总探长吕乐的案件就揭示了ICAC如何应对政治和法律上的复杂局面。相比之下，普华永道虽擅长**财务透明化**，但在应对广泛的政治和制度性腐败方面，ICAC无疑更具经验。 #### 3. **独立于商业利益** - ICAC作为**独立的法定机构**，其任务是确保政府和企业的公正性，避免任何商业或政治利益的干预。虽然普华永道也保持着审计的独立性和高标准的道德规范，但其作为营利性机构，仍可能在面对大型企业或利益相关者时存在**利益冲突**的隐忧。 - 相较之下，ICAC更专注于维护公共利益，无论在政治上还是经济上，能够确保更高的**公正性与独立性**。 #### 4. **全面的调查权** - ICAC拥有广泛的**调查权力**，包括传唤文件、审问证人，甚至进行秘密调查。这些措施远超普华永道等审计公司通常执行的财务审计范围，能够深入查明复杂的腐败和非法金融活动。 - 普华永道的工作通常集中于**财务审计和合规性检查**，缺乏处理跨越多个层面的复杂腐败案件的执法权。 #### 5. **注重道德治理和文化改革** - 除了打击腐败，ICAC还专注于**通过教育和制度改革**防止腐败，改善整个机构的道德治理标准，推动长期的文化变革。相比之下，普华永道的工作重点通常局限于财务报告的准确性和合规性，较少涉及企业的道德文化建设。 #### 6. **适应本地文化的丰富经验** - ICAC在**华人文化**和亚洲的政治、商业环境中积累了丰富经验，特别是在应对以关系为基础的商业实践（如**关系网**）和其他腐败方式上，比起国际审计公司，ICAC更具本地化优势。 - 普华永道虽然具备全球化的审计标准，但其**全球化审计模式**在应对特定的文化和政治背景下的腐败问题时，可能缺乏足够的针对性和深度。 ### 总结：为什么ICAC模式可能更为优越 尽管**普华永道**在财务审计、合规检查和公司治理方面具有卓越的声誉，其重点在于**财务透明度**，但其处理系统性腐败问题的范围相对有限。相比之下，**ICAC**凭借其在打击根深蒂固腐败、推动长期治理改革方面的成功经验，可能更适合应对当前中国所面临的复杂金融挑战。ICAC的调查权力、独立性、以及在华人文化背景下丰富的反腐败经验，使其能够超越财务审计范畴，提供**全面的系统性反腐败解决方案**。 对于中国这样一个金融系统与政府政策、政治结构和商业利益高度交织的国家，借鉴**ICAC的反腐模式**可能会促使中国金融体系更加透明和廉洁，不仅在财务上符合规范，还能够建立起长期的**制度性清廉文化**。

WOW! WHAT A TREMENDOUS VICTORY FOR XI JINPING. XI JINPING'S STRENGTH AND WISDOM ARE UNRIVALED IN HUMAN HISTORY

Imagine the west actually considering the cost of rent and mortgages in the same way. As a waste of wealth that could be spend elsewhere in the economy instead. It would solve much of the western economic problems including the housing crisis as people would have more money to spend on a house. It is interesting that an excess of housing is creating a very similar situation for the people as the lack of housing does in the west, 86% of urban Chinese own at least one house and that goes up to 96% in rural areas.

this feels like corruption...

White guy from Serbia, Vucic, is one head taller than Xi Jinping of China, who is already considered tall by international standards. Xi Jinping is approximately the same height as Donald Trump of USA (Please watch the video of Donald Trump and Xi Jinping walking side by side in USA's Mar-A-Lago or in China's Forbidden City). On the other hand, Xi Jinping of China, is one head taller than Modi of India, which makes Modi of India 2 head shorter than Vucic of Serbia. 🤭No wonder, World Population Review says: Average height of Indian men (age 19) = 166.5 and the Average height of Chinese men (age 19) =175.66.

My condolences to the many countries who have suffered from economic recession which caused by the debt trap of the 3vil China Belt & Road Initiative policy 🇨🇳

Why are there so many conjoined twins that is made in Indiarrhea? Spoilers👇👇Sort comments to "Newest" to admire all.

"We know that we're a very oppressive dictatorship and that everyone is too terrified to step out of the mold because of it, but please pretend that we're not so we can prosper! : C "

You forget to mention the outside economic environment change while China push out those policies. Timing is very important.

In Indian populated/dominated social media, Quora, word has that "Apple, Foxconn admit India production was failure: Back to China"..... Is this true? 🤭

No doubt the usual racist, Sinophobic comments will be on here, permitted by this platform, despite supposed “community guidelines”.

Many would argue that the British Raj is the golden era of India.

I wish China the best on this new policy. My sincere wish.

may be a blessing in disguise. If China gets used to solving problem in this way, they may go a long way in their development.

this channel is so negative to the mainland i don't know why. 😂 revive is not the proper term tho.

I wish Mr Xi rules my country

How many were shot at the flag raising ceremony on the 75th? Anything to report SCMP? 🤦