[The Epoch Times, August 20, 2021](The Epoch Times reporter Li Yun interviewed and reported) Xi Jinping just proposed to implement the goal of “common prosperity”. On August 18, Tencent announced that it would invest 50 billion yuan in rural revitalization and increase Income of low-income people. Analysis believes that Ma Huateng has someone at the top of the Chinese Communist Party and understands the inside story, so he immediately stood up and expressed his opinion, which meant that he would save money and avoid disasters.
Xi Jinping presided over the tenth meeting of the Central Finance and Economics Committee on August 17 to study issues such as promoting “common prosperity” and preventing and resolving major financial risks. At the meeting, Xi mentioned for the first time that it is necessary to “reasonably regulate excessively high incomes and encourage high-income groups and enterprises to return more to the society.”
Xi Jinping also emphasized that economic development should move from “getting rich first” for some people to “common prosperity” for all. The adjustment of excessively high income channels includes “constructing basic institutional arrangements for the coordination of primary distribution, redistribution, and tertiary distribution, and intensifying the adjustment of taxation, social security, and transfer payments, and improving accuracy.”
Tencent immediately announced on the 18th that it will invest 50 billion yuan to implement the “Special Plan for Common Wealth”. This fund will be used for rural revitalization, increasing the income of low-income groups, and improving the medical system.
Qin Peng, a financial commentator, told The Epoch Times that the unique content of the common wealth proposed by the CCP includes the “three distributions”, which refers to the distribution of social resources by the rich through donations. In fact, this is the CCP’s open request for the wealthy people who are acquainted to quickly make money. To avoid disasters, it is better to be active than passive.
Qin Peng analyzed, “Ma Huateng has someone at the top of the Chinese Communist Party. They know this news in advance, or know the’small nine nines’ behind them, so they are the first to stand up.”
The CCP can’t wait for the “three distributions” concept to be piloted
Qin Peng said that the concept of three distributions was mentioned by Chinese economist Li Yining in his 1994 book “Shareholding System and Modern Market Economy.” Taxes, gift taxes, etc.) and transfer payments are rebalanced; the three distributions are further adjusted through voluntary charity donations.
An article in the Chinese Communist Party’s “Learning Times” in early 2020 introduced that, in contrast to the market’s primary distribution based on the contribution of factors and the government’s re-distribution based on the will of the country, the third distribution is a flow of wealth in which social entities voluntarily participate. The article proposes to build a charity organization cultivation model that suits the Chinese Communist Party’s national conditions.
Qin Peng said that now that the CCP can’t wait until the so-called pilot gains experience, it is ready to demand simultaneous implementation of common prosperity across the country. “The main reason is that the CCP has no money. The gap between the rich and the poor is huge. The issue of governance, so I can’t wait to fully open up, and all provinces and cities will try to toss them on their own.”
“The CCP has done a very hypocritical way of looting local tyrants and dividing fields,” Qin Peng said: “The very rich, these people with tens of billions of billions of wealth, have some huge government forces behind him, and The princelings are powerful and powerful, so they will not be particularly cruel to them.” And those who have a bad relationship with the local government may not be immune to disaster.
Official supervision is full of uncertainty, Tencent faces purge
“Crossroads of the World” host Tang Hao said that Xi Jinping put forward the slogan “Promote Common Prosperity”, which means that big companies should make donations on their own. If the rich don’t take the initiative to hand over the money, the CCP will help you “regulate your income” and even If you characterize your wealth as “illegal income”, it can be confiscated.
Tang Hao pointed out that this is a very typical case of the country advancing and the people retreating, and the CCP is about to slaughter the enterprise. Therefore, Tencent quickly stated that it donated 50 billion yuan to fund the “common prosperity” policy. This shows that Tencent’s “political awareness” is very keen, and it also shows that Tencent knows that it is in a life-and-death crisis that may be punished at any time, so it quickly pays protection fees. Hope to save my life.
In the past few months, Tencent has been under pressure from official supervision. First, the acquisition case was accused of violating the “anti-monopoly law” and was fined, and then its music service was asked to abandon its exclusive copyright. Recently, Tencent’s game layout was also named.
Tencent Holdings held an earnings conference call on the 18th, focusing on the future impact of official regulatory policies on Tencent. Tencent President Liu Chiping said that more regulatory measures are expected to be introduced and there will be uncertainties in the short term.
Editor in charge: Sun Yun#
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