[Epoch Times September 02, 2021]Hello everyone, it’s 6:30 pm on September 1st, Eastern Time, September 2nd, Beijing Time. Welcome to chat about current affairs every day. I am Sydney (Wang Yuhe); I am Qin Peng.
Today’s focus: 500,000 under “Common Wealth” is a high income, will the 500 powerful families be regulated? What is the reason behind Kim Jong-un’s rejection of China’s Kexing vaccine? The “epidemic” has become “hemorrhoids”, and the CCP is silent and jokes.
Sydney: The CCP has recently promoted “common prosperity”, saying that it wants to regulate “high income”. What is the standard? Some official media call 500,000 yuan as the starting point. So, will the 500 family be the target of adjustment for the powerful class with the most wealth in China?
Qin Peng: The US media said that North Korea’s supreme leader Kim Jong-un recently rejected China’s Kexing vaccine. What is the real reason for North Korea to do this?
“Pneumonia” has become “hemorrhoids”
Sydney: I saw a very interesting thing on the Internet today. Under the CCP’s “speech censorship”, a Chinese game company changed all the words “Plague” in the plot to allow mobile games to be successfully censored and put on the shelves. “Hemorrhoids” makes the plot very funny.
This mobile game is called “Time and Space Love”. In the game, the prince’s dialogue changed to “When I was 12 years old, the small mountain village where I lived had an outbreak of hemorrhoids.” Quietly tortured and waited to die”, “I got hemorrhoids at that time and I felt uncomfortable”, “Sacrificing myself and my children, I must also make the prince hemorrhoids get better” and “The heart is more terrible than hemorrhoids”. Many netizens are dumbfounded. .
Qin Peng: Netizens responded very interestingly, “Wuhan hemorrhoids”, “It turns out that China has launched anal fast screening to target hemorrhoids”, “Take the plague as a forbidden word to indicate that you have the consciousness of the origin of the plague.”
But, in fact, people from the mainland know that this is the fun of netizens. Taiwanese physician and writer Tsai Yicheng lamented that those of us who are “outside the wall” find it funny, but behind the bitter smiles of those “inside the wall” who are struggling to survive, there is sadness.
Sydney: A netizen who participated in the game development posted a post on Weibo and revealed that “the name will be changed to’hemorrhoids’ because it was deliberately changed due to the’Plague’ review,” and humorously clarified that “I am absolutely absolutely free of hemorrhoids!”
Qin Peng: The CCP’s current speech censorship and textual prisons are actually getting stricter. Many people can only evade censorship through various subtitles, homophones or pictures, and even Martian words, and then mock the Chinese authorities in this way. I also saw a joke today, saying that a netizen wrote a sentence in the official account, saying that everyone can “review the third article”. Then the official account jumped out a sentence, this article contains politically sensitive content. Then the netizen changed the review to an English review, and the result passed. At this time, netizens discovered that, oh, it turned out that it was because there were Xi Jinping’s Xi, and it might be considered offensive to the supreme leader to review it. As a result, netizens ridiculed, saying whether the attendance was so absent.
Is the family’s annual income of 500,000 to be “stabbed”? Who will be affected?
Sydney: On August 17, the Chinese Communist Party proposed to distribute and adjust high income three times to promote common prosperity, which has triggered recent hot discussions on the Internet.
Qin Peng: Yes. Many people worry that this means that the CCP will kill the rich and help the poor. Like all other socialist countries, it began to chant the slogan of common prosperity, but eventually created common poverty. Moreover, it seems that the CCP’s recent series of attacks on enterprises, finance, and the entertainment industry have also caused Chinese people to generally worry about the coming of the Second Cultural Revolution. Therefore, many entrepreneurs have chosen to lie flat and refuse to reinvest. Consumers also Consumption is generally reduced because of concerns about the future, so the economic data in the last two months is also quite ugly.
Sydney: Of course, because the definition of high income was not given in the previous documents, it has also led to a lot of speculation-to whom will the CCP’s conditional income knife be cut? Now it seems that this answer is basically clear.
On August 31, China Economic Weekly, a subsidiary of the People’s Daily, published a report titled “New Path to Common Prosperity: How much income will become the target of adjustment?” It said, how much money is considered high income? In 2019, Ning Jizhe, director of the National Bureau of Statistics, once stated that China has the world‘s largest and most growing middle-income group. The standard for the middle-income group is that the annual income of a typical Chinese family of three is between 100,000 and 500,000 yuan.
The report stated that “an implication is that an annual income of more than 500,000 yuan can be regarded as a high-income family.”
The report also quoted Yang Yiyong, director of the Market and Price Research Institute of the China Macroeconomic Research Institute, as saying that high income is relative. Generally speaking, people with more than three times the local average income are considered high incomes.
Qin Peng: The statement that a family’s annual income of 500,000 is considered a high income quickly aroused feedback and even ridicule from netizens.
Are you going to take the middle class?
“500,000 is considered a high income? This is really a middle-class operation!”
“It’s better to cut leeks for the middle class.”
“Now the official version of the high-income group is set. A family of three with an annual income of more than 500,000, then even a high-income group! Most people don’t worry about being identified as a high-income group!”
Sydney: Qin Peng, do you think the signal released by the official media is a kind of speculation, or a kind of ostentation? Could the final standard be calculated based on this? Is it not ruled out that the’high income threshold’ in certain regions will be lowered?
Qin Peng: This report is well-founded and it is likely to go in this direction in the future. However, there may be two problems at present. First, although China’s tax reform last year increased its children’s education expenditures, serious illness medical expenditures for the first time, Special deductions for housing loan interest and rent are currently not taxed according to households, so adjustments may be made in the future; second, adjustments may be made according to the gap between cities and regions, including the extent of new taxation.
In fact, in many big cities, due to the high burden of taxes and housing, the income of 500,000 may not be ample for some families. For example, if the annual income of Beijing is 500,000, the tax and five insurances and one housing fund to be paid are about 133,000 yuan, 367,000 yuan per year, 30,000 yuan a month, and a mortgage of 20,000 yuan, so only 10,000 yuan can be used for food, housing and transportation a month. , If there are four more elderly people to raise, it is also a relatively high burden. If at this time a new higher tax is added forcefully, it may be very troublesome. But in some smaller cities, second and third tier cities, because these costs are low, it will be very different. Therefore, I expect that adjustments may be made in the future.
Sydney: In an interview with China Finance Weekly, Su Hainan, the former director of the Labor and Wage Research Institute of the Ministry of Human Resources and Social Security, said: “For high-income earners, personal income tax must be levied and levied in place; property income tax and capital gains tax should be levied. Further optimization and adjustments should not only be levied at the fixed 20% tax rate; real estate tax, inheritance tax, gift tax, etc. should also be levied in due course.”
Some people think that the next step is more likely to have two points: 1. The space for tax avoidance and tax evasion for high-income groups is blocked. 2. It is for the existing real estate that may start to consider the undifferentiated real estate tax.
Do you think it is possible to do this?
Qin Peng: People with higher incomes will definitely be caught up, and we must prevent them from tax evasion.
I have always doubted whether the property tax will be levied in a comprehensive manner. Since 2012, I have doubted because Chinese officials generally own multiple houses, and most of the surplus houses in China are in the hands of these people, and some officials may have dozens of them. Even hundreds of sets. This is the reason why China’s property tax has not fallen.
Inheritance tax and gift tax, this is an international practice and should be taxed in the future.
Sydney: Yes. There is also a problem here. 500,000 yuan is definitely a superficial income, and those who are really rich, especially the powerful families of the CCP, can legally avoid it in many ways.
Xi Jinping dare to move 500 powerful families of the Chinese Communist Party?
We all know that there are many invisible wealthy people in China, especially those powerful families. According to analysis, the CCP’s 500 powerful families control about 40% of mainland China’s wealth and hold about half of the mainland’s 4 trillion US dollars of foreign exchange reserves.
So, in order to realize this so-called “common prosperity”, does Xi Jinping dare to move 500 powerful families of the Chinese Communist Party?
Qin Peng: How much money the powerful families of the CCP have is a mystery. I have seen and said that CCP officials and White Gloves account for 90% of China’s wealth. The “China People’s Livelihood Development Report 2015” released by Peking University in 2016 showed that about one-third of China’s wealth is held by the top 1% of households, while the bottom 25% of households only own about 1% of the total social wealth.
The “2021 China Private Wealth Report” released by China Merchants Bank and Bain & Company shows that in 2020, the number of Chinese high-net-worth individuals with investable assets of more than RMB 10 million will reach 2.62 million; it is expected that by the end of 2021, Chinese high-net-worth individuals will The number will be close to 3 million, and the total investable assets held by these people will be close to RMB 8.4 trillion. I believe most of this money is owned by the powerful families of the Chinese Communist Party. The Hurun Wealth List we are seeing now, and Jack Ma, publicly reported by the media, are just the tip of the iceberg of these wealth.
It is technically and politically difficult to mobilize the wealth of powerful families. They are the foundation of the CCP’s rule. Before Xi Jinping’s 19th National Congress, in order to fight against Jiang Zemin’s faction, he had drastically beaten many corrupt officials, but basically did not touch the Red Clan. Because once they are moved, then his governance is also very troublesome.
From a technical point of view, to really tax the wealth of these official families, it is necessary to establish an official property disclosure system, which will also lead to the collapse of the CCP’s rule.
Personal deposits of more than 100,000 need to explain the purpose of withdrawing money
Sydney: In addition, a few days ago, the Central Bank of the Communist Party of China introduced new regulations that also made the people frightened. The new rule is that from September 1st, Chinese residents have personal deposits of more than 100,000 yuan, and withdrawals need to explain the purpose, and they do not comply with the regulations or are forbidden to withdraw. It is also said that it has been piloted in Shenzhen, Zhejiang Province, and Hebei Province.
Qin Peng: Yes, this news immediately caused great repercussions on the Internet. Officials claimed that this was to protect the safety of depositors’ funds, but it triggered criticism from Chinese netizens, “it was simply a robbery,” “the bank is an official robber”, and mocked it. This is the first step for the CCP to promote “common prosperity”. The news was quickly removed from the shelves.
In fact, China has always had a one-time deposit of 200,000 or 100,000 cash that needs to be explained, but this does not limit the illegal income of officials. They can circumvent it through other means. Moreover, the CCP currently has all kinds of big data. If through data analysis, it is actually very easy for the CCP to find out who the real rich are and can tax and investigate them. However, in order to protect the political power, the CCP will definitely only move. Those they want to move.
Sydney: In other words, the so-called common prosperity and adjustment of high income and excessive income are mainly aimed at the middle class and private business owners, not the CCP’s own officials and powerful families.
Qin Peng: Yes. That is the ruling foundation of the CCP, the real Zhao family. It is also the real “people” in the CCP’s “Serve the People” slogan.
Sydney: Since the outbreak of the epidemic, North Korea has adopted strict epidemic prevention measures, including closing borders and restricting domestic travel. North Korea, with a population of about 25.67 million, has still not notified any confirmed cases of the new coronavirus (CCV), and even reported that it has made “achievements in Wuhan pneumonia vaccine and drug development”.
Now it is reported that North Korea has also rejected the Kexing vaccine from China.
The Wall Street Journal reported on the 1st that this batch of 3 million doses of the Chinese Kexing vaccine to be given to North Korea was sent by the United Nations Children’s Fund (UNICEF) through the COVID-19 Vaccine Global Access Mechanism (COVAX), but North Korea declined the reason. It is “the global supply of vaccines is limited, and the number of confirmed cases in other countries has increased sharply”, these vaccines “should be sent to countries more affected by the epidemic.”
Qin Peng, what do you think is the reason why North Korea really refused?
Qin Peng: I have noticed this report from The Wall Street Journal that this poor country (North Korea), which lacks funds to purchase vaccines on its own, has applied for assistance through COVAX, but has not yet received any vaccines. As everyone knows, COVAX is a mechanism initiated by developed countries to donate and distribute vaccines to poor countries. This actually proves that North Korea wants a vaccine, but they want a good vaccine.
The North Korean side actually knows what a good vaccine is. The North Korean media has publicly reported on vaccine problems in Europe and the United States and said that vaccines are not a panacea.
Therefore, North Korea’s suggestion of recommending vaccines to other countries is actually just an excuse. We must know that after the news of Wuhan pneumonia came out last year, North Korea blocked the border between China and North Korea on January 22 as soon as possible. The little fat man knows the CCP very well.
Sydney: Yes, a South Korean think tank pointed out that the North Korean authorities once refused to accept the 2 million doses of the AZ vaccine provided by COVAX in July because of concerns about the side effects of the AstraZeneca (AZ) vaccine.
However, the little fat man may not be fat anymore. Recently, a photo of him was utterly thin.
Qin Peng: In May, Kim Jong-un was divinely hidden, and he appeared thin when exposed. Of course he was not as thin as he is now. At that time, it was rumored that Kim Jong-un ran to lose weight due to health problems, but recently, Korean media broke the news that Kim Jong-un was vaccinated against the new crown pneumonia at the time.
According to the “Daily NK” report, a source pointed out that Kim Jong-un and more than a hundred high-ranking North Korean officials had been vaccinated against the new crown pneumonia in May, but he did not expect that Kim Jong-un had serious side effects, including symptoms such as high fever and vomiting. Kim Jong-un had to rest for a while, which also caused him to completely hide in May and June. And because he was significantly thinner when he was exposed again, it was once rumored that he lost weight based on health factors.
China’s vaccine diplomacy is unsuccessful
Sydney: There are different opinions. But to return to the topic, when it comes to North Korea’s distrust of the quality of China’s vaccines, the CCP’s vaccine diplomacy has now been found to be unsuccessful. The New York Times previously reported that Thailand, Indonesia, Malaysia, and even Cambodia have shown their distrust of Chinese vaccines.
Indonesia was the first country to receive the Chinese Communist Party’s vaccine, and it has recently become the center of the new crown epidemic. The Indonesian Hospital Association stated that as of July this year, although the country’s medical workers had completed the Coxing vaccination, 10% of them were still infected with the new crown virus.
In July of this year, a virologist at Chulalongkorn University in Bangkok said that a study of people who had been vaccinated with two doses of Kexing Biovaccine showed that their body’s antibody level was only 70%, and it was very effective in resisting alpha mutations. Strains and delta mutant strains have “almost no effect”.
Qin Peng: Vaccines can now be said to be an area of struggle between the United States and China. During the visit of US Vice President He Jinli to Southeast Asia, the CCP took advantage of the three-hour delay of He Jinli’s flight to arrange an interview with the Vietnamese Prime Minister’s pledge to provide 2 million doses of vaccines to Vietnam.
But in fact, after the Vietnamese government accepted the 500,000 doses of vaccine donated by Sinopharm Group in June this year, it caused strong dissatisfaction among the people and expressed their distrust of the quality of China’s vaccines. I also saw a video on the Internet in which a very beautiful Vietnamese girl said in her half-baked Chinese that the Vietnamese did not believe in the CCP’s vaccine, and that the Vietnamese were spreading the virus and that the CCP had released the virus to harm the United States.
Sydney: The New York Times wrote that more and more countries are no longer accepting the Chinese vaccine or are dissatisfied with the additional conditions of the Chinese vaccine. At the same time, vaccine assistance from the United States may allow the United States and the Chinese Communist Party to compete in Southeast Asia. Prevail.
Production Team of “Qin Peng Live”
Editor in charge: Li Hao #
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