How bad is China’s economy?Experts within the system reveal shocking inside stories: Xi may face more and more challenges | China’s economy | Income decline | Shanghai Composite Index | A-shares | Xi Jinping

2023-12-20 11:45:48

[Voice of Hope December 20, 2023](Comprehensive report by our reporter Yang Zheng) In the context of the Central Economic Work Conference of the Communist Party of China calling for strengthening economic propaganda and public opinion guidance, the Chinese Communist Party’s official media has been singing bullish stories about China’s economy in recent days, but in recent days The comments of many Chinese economic experts leaked on the Internet, exposing the tragic situation of China’s economy. Some analysts point out that as long as the Chinese economy does not rebound to a certain extent, Xi Jinping, the leader of the Communist Party of China, will encounter more and more challenges in the future.

A video recently leaked online showing Wei Jie, professor of the Department of Innovation, Entrepreneurship and Strategy at Tsinghua University and dean of the Institute of Cultural Economics, saying at the “Sanya International Forum on Finance and Economics” that “in the three years of the epidemic, the income of people outside the system has dropped significantly, because we They are all within the system, and their wages will still be paid. People outside the system will have no money if they do not work. Therefore, we have underestimated the impact of the epidemic on the income of people outside the system in the past three years. Our estimate of the reduction in income of people outside the system is too low. The actual decline in their income is beyond our imagination.”

In another video, economist Guan Qingyou said at the 2023 Phoenix Finance Annual Conference that it is quite impressive for the Shanghai Composite Index to remain at 3,000 points. “3,000 points is no longer enough to reflect the current basic characteristics. In fact, if you look at the GEM CSI 300, it is much worse than 3,000 points.”

Even Hu Xijin, the former editor-in-chief of the Global Times, who is known for his purges by the CCP, recently said that there is no spring for A-shares.

The economic depression has plunged many people’s lives into trouble and even despair.

On December 17, in Shenzhen, a man lived in an underground passage with his nursing baby in a tent.

On the same day, a blogger posted on Weibo that he received a private message from a netizen. The other party said in the letter that he was an older, unmarried man. He had been working hard after graduation, working part-time during the day and working part-time at night. He bought a house and sued the court. If the case is not filed, the p2p investment will fail. He claimed that if he worked hard for a few more years and there was no hope of getting married in the future, he would kill the children in outstanding kindergartens indiscriminately to achieve physical equality among people.

Internet pictures Internet pictures

Japanese financial services institution Nomura Securities disclosed last month that China’s real estate industry is collapsing, with as many as 20 million unfinished buildings, and “sometime next year” the problem of delayed housing delivery will become a social problem.

Wang Dan, leader of the June 4th student movement and political commentator, recently told Voice of America, “Under a system like China’s, as long as the economy can maintain a growth rate, all contradictions can be covered up. From what we see now, foreign investment This large-scale outflow cannot be curbed at all. This kind of internal consumption cannot be boosted at all. These two factors have led to the Chinese economy, from real estate to debt crisis, etc. This crisis is getting deeper and deeper, so if the Chinese economy is If this decline continues, or if there is long-term stagnation and high unemployment, then all other crises may be difficult to cover up. So I expect that as long as the Chinese economy does not rebound to a certain extent, what Xi Jinping will encounter in the future There will be more and more challenges.”

He believes that Xi Jinping’s prestige among the people has dropped significantly. “Whether it was the White Paper Movement calling for Xi Jinping to step down, or the later so-called Flower Revolution to commemorate Li Keqiang, they all reflected this kind of antipathy towards Xi Jinping personally. So I think it can be done now The conclusion is that Xi Jinping’s popularity among the people can be said to have almost hit rock bottom. As for his situation within the party, we don’t know much about it, but it is unlikely that he has a very high reputation. I think this is a very obvious trend.”

Voice of America reported that in addition to the China Democratic Party and other pro-democracy organizations active overseas, as well as the Tibetan and Uyghur movements in exile, there are other organizations that claim to be “Shanghai Independence,” “Fujian Independence,” “Manchuria Restoration,” and “Reinforcement of the Great Empire.” Overseas civil society groups or activists have appeared on overseas social platforms and public places during the current chaotic situation. Many of the above-mentioned activities that openly agitate for subversion of Xi’s regime and advocate secession or constitutional monarchy are still in their infancy, but as existing or potential opposition forces, they are more or less in the process of brewing public opinion against Xi’s anti-dictatorship and tyranny. It played a certain role.

Overseas pro-democracy activists Wei Jingsheng, Wang Dan, Wang Juntao and others also launched the initiative to hold a “state affairs conference” in Los Angeles next year when Xi Jinping attended the Asia-Pacific Economic Forum (APEC) summit in San Francisco, United States, in preparation to “discuss plans to end tyranny and create a democratic China.” “.

Wang Dan said that in the future 2024, more and more Chinese people will use emergencies to express their dissatisfaction. He emphasized that “the essence of any crisis is its economic crisis.”

The most important means used by the CCP to rule the people is deception. Maintaining large-scale broadcasts to China to continuously convey the truth is to continue to inject hope into China. Voice of Hope invites you to join us in our efforts.welcomeClickLearn more.

Editor in charge: Lin Li

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