[The Epoch Times, July 8, 2022](Reported by Epoch Times reporters Ning Haizhong and Chang Chun) The Yangtze River Delta and Pearl River Delta have recently re-emerged with epidemics. Chinese Premier Li Keqiang held a symposium on the economic situation of the five southeastern coastal provinces in Fujian. The foundation is not stable”, and he also emphasized solving the problem, “avoiding one-size-fits-all, layer-by-layer coding”. Some experts believe that Li Keqiang mainly wants the rich to squeeze out a little more money. Some analysts also pointed out that Li Keqiang may secretly criticize Xi Jinping’s policy of clearing the blockade.
According to a CCTV report, Li Keqiang hosted a symposium on the economic situation of the leaders of the five southeastern coastal provinces in Fujian on July 7. The leaders of the Fujian Provincial Party Committee and the five provincial and municipal governments of Fujian, Shanghai, Jiangsu, Zhejiang, and Guangdong attended the symposium. . Judging from the news footage, the main officials present were Yin Li, Secretary of the Fujian Provincial Party Committee, Gong Zheng, Mayor of Shanghai, Xu Kunlin, Governor of Jiangsu, Wang Weizhong, Governor of Guangdong, and Wang Hao, Governor of Zhejiang.
Li Keqiang said at the meeting that the five provinces and cities along the southeast coast account for more than one-third of China’s national economy, nearly 40% of fiscal revenue, and nearly 80% of the local government’s net contribution to the central government. The five provinces also absorb 70% of the national cross-province employment of migrant workers. In addition, the import and export of the Yangtze River Delta and the Pearl River Delta account for nearly 60% of China’s national total.
Li Keqiang admitted that the foundation of China’s economic recovery is not stable, and it still needs “hard work” to stabilize the economy, and requires coordination between the central and local governments to “keep the economy operating within a reasonable range.” He also asked the five provinces to provoke economic stability and financial support. At the same time, efforts should be made to stabilize the employment of local and migrant workers.
“Three Purposes” of Li Keqiang’s Meeting with the Five Provinces
Xie Tian, a professor at the University of South Carolina’s Aiken School of Business, told The Epoch Times on July 8 that China’s economy is in a very serious crisis. In addition to the decline in GDP, various city banks and state-owned banks have run on the bank. The phenomenon of capital loss and self-stealing is very serious. At the same time, it is also accompanied by the outflow of the industrial chain and huge unemployment.
“But even in such a dire economic situation, the CCP Central Committee is still insisting on a very stupid zero policy. This is related to the CCP’s evasion of responsibility for the Wuhan virus plague, because the international community is still pursuing it. He must create a Chinese plague that has been The illusion of extinction, clearing, and very safe, so it means that you are trapping yourself, and this is very harmful to the economy. It is so big that the whole Chinese society is rebounding, and even the North Institute of Zhongnanhai and the State Council are also rebounding. “
Xie Tian believes that Li Keqiang’s eagerness to put out the fire and save the economy is to save the CCP, but Li Keqiang also knows that the zero policy and economic recovery are in conflict. Therefore, he intends to stabilize the economy first, and he does not dare to oppose Xi Jinping’s zero-clearing policy.
Xie Tian said that the five provinces along the southeast coast that participated in the conference are all economically powerful. Li Keqiang went to the meeting for at least three purposes:
“One is to ask them to push forward the central government’s economic rescue measures. The second is to ask them to increase the number of migrant workers from all over the country who go to work there to help (solve) the unemployment problem. The third is to ask them for money. These provinces are relatively rich and may A little money can be squeezed out to help the central government, to help other provinces.”
He said that Li Keqiang’s main purpose is to discuss with big financial households, “Let them come forward to hire more people, increase GDP, and help other provinces. I think this is his main purpose.”
Li Keqiang secretly criticized Xi Jinping’s clearing of the epidemic prevention policy?
Li Keqiang also specifically mentioned at the meeting, “How difficult is it to solve the problem, prevent single-mindedness, simplification, and avoid one-size-fits-all, layer-by-layer coding.” He did not explain which aspects of the problem to solve, and the authorities often mentioned it in terms of government governance “One size fits all” kind of ills.
However, “preventing simplification, one-size-fits-all, and layer-by-layer overweighting” is also the requirement of the CCP’s State Council’s joint epidemic prevention and control mechanism for local governments to prevent excessive epidemic prevention.
According to a recent report from the National Health and Medical Commission of the Communist Party of China, there have been outbreaks of new outbreaks in at least 9 provinces (cities) across the country. On July 7, Shanghai, which had previously experienced the closure of the city, added 17 new local confirmed cases and 28 asymptomatic infections. There are 33 risk areas in the current epidemic. Because the CCP is accustomed to concealing, the real situation of the epidemic may be more serious.
Current affairs commentator Li Linyi told The Epoch Times on July 8 that Li Keqiang’s speech at the Fujian conference acknowledged that the economic recovery was still fragile and demanded greater measures from the five southeastern coastal provinces and cities; “How difficult the problem is, “to prevent simplification, one-size-fits-all, layer-by-layer overweight”, or there are words in the words.
Li Linyi said: “Li Keqiang may be implying that to boost the economy, it is necessary to break Xi’s dynamic policy of clearing and controlling.”
Xie Tian told The Epoch Times on July 8 that Li Keqiang said that he could not increase the code layer by layer, probably because he was afraid of local data fraud. For example, if the GDP of a certain province is expected to increase by 6%, after the provincial party secretary returns, the counties, cities and districts below must also increase by 6% or 6.5%. I started to make up the numbers below, and all that came up were fake.
“He (Li Keqiang) knows that the CCP’s officialdom has been doing this all the time. Layers of overweight, layers of deception, and layers of lies, so he now hopes to have real and tangible economic growth. I think this is Li Keqiang’s original intention.”
Davy Jun Huang, an economist based in the United States, told The Epoch Times on July 8 that Li Keqiang’s words have two meanings, one is economic, and the other is epidemic control.
In terms of economy, for example, in 2008, the central government invested 4 trillion yuan to save the market. As a result, around 2013, the amount of funds invested in the rescue market was counted. It was found that after layers of increase, the investment in various places continued to increase. Sixteen trillion. Li Keqiang hopes that after the central government’s fiscal and monetary policies come out, local governments will not increase or decrease too much.
The other is the clearing of the epidemic. Davy Jun Huang does not think that Li Keqiang will take the initiative to challenge Xi Jinping. It may be to prevent the local government from adding some overly radical measures to clear the situation.
There are repeated conflicts between saving the economy and “clearing” the epidemic
Davy Jun Huang told The Epoch Times that Li Keqiang had already held a meeting of 100,000 people before, and this time he has stepped up to hold symposiums in the southeastern coastal areas, which shows that China’s economy is still facing great challenges.
He said the economic recovery is based on the fact that the epidemic does not happen again. However, because China insists on clearing the epidemic, as long as there is an epidemic, it will be cleared, and once cleared, the entire production and service industry will be affected. So hoping to accelerate the economic recovery is still difficult.
Davy Jun Huang believes that saving the economy can be a tangible policy and specific measures, but the dynamic reset is a bit like the previous family planning, which is purely a political consideration. Dynamic clearing now takes priority over other fields, just like the previous family planning has priority over other things, so it conflicts with the economy, and there are repeated conflicts in the specific operations of various places.
Xie Tian also believes that saving the economy and clearing zero are opposites. To close the city, to close down, to stop work, and to stop production, and to restore the economy, it is necessary to start and start work. From the point of view, they can only do it now, or do it quietly.”
Recently, after Jiangsu and Anhui, the epidemic situation in Shanghai and Xi’an has also increased, causing concerns that China may close the city again on a large scale; however, Shanghai officials emphasized on the 5th that “non-closed management” during the screening period, and Xi’an also stated on the 6th that temporary control “It’s not a lockdown.”
Xie Tian said that the CCP officials deceived the top, because as long as he started the economy and started production, he would have to go back to the workshop. When everyone gathered together, you could not isolate and clear it. Seeing Suzhou now, or the reopening of other places, is all in a more obscure way. Even the last time Shanghai closed the city, it did not admit that there was a city closure afterwards, which shocked the Shanghainese themselves. Therefore, it is impossible to call the city closed in various places now. In order to fool the nucleic acid test that can also be fooled.
Xie Tian said that in any case, Li Keqiang can’t get around Xi Jinping’s strict spell of clearing it, but he will definitely ask the following: No matter what you think of, you have to get this GDP out of me.
“It’s a bit like fighting the red flag against the red flag, just like the CCP is using the communist flag to engage in this kind of crony capitalism. While continuing to shout zero, you must take your money out.” Xie Tian said.
Responsible editor: Fang Ming#