That’s seems like a move from a man who is trying to shore up his support from the common people.
Oooh. Chinese people are going to like this a lot.
Xi is the perfect Democrat.
What about the lower class?
Xi, is starting to sound like a USA Democrat politician.
Not his wealth though, right?
I doubt anyone will see PeePee Ping standing in any line to give any of his wealth away.
Whats that going to do to tom cruise. China funds his mission impossible movies.
Not HIS wealth, of course.
Giving the workers a pay raise. OK according to this message board such an idea is a Democrat concept. So then, does that mean that Freepers are Republicans and as such are in favor of slave labor.? I for one am of the opinion that the workers in China should get better wages from their billionaire factory owners. Maybe if the billionaire factory owners were paying better wages and were only worth half a billion, the nation as a whole would be a better place for lots more people. And the idea that ordinary people could acquire knowledge and skills to earn a better living sounds like a teaching of Jesus...use your God given talents.
improving housing supply, care for the elderly
put them into the ghost cities that go empty
In other words, those from the opposing faction to his faction of the CCP, had better give up much of their wealth AND step away from any powers that they have. If not, the become part of the ‘corruption to be cleansed’ from communist China.
A warning to those who do not embrace his leadership.
“After China’s unique brand of state-directed Communism helped drive robust growth….”
Unique?
Mussolini & Hitler did it first.
It takes a free market to create a middle class.
History has consistently proven that the redistribution of wealth simply inflates away its value. The only way wealth is actually created is when the cost of labor is LESS than the value of that which is produced. The cost of labor is ALWAYS determined by supply and demand. Any other way, also inflates away its value. This is All in simply reality.
This is also a policy to stop the rise of wealthy executives since only the Party can have that sort of wealth ; it will also stem the further tide of innovation and invention - now at an all time low. When Xi says middle class he means Party members that are not so well connected as the wealthier upper class of party members. There is no real correspondence between the Western idea of ‘middle class’ and the Communist one under Xi.
This all follows the CCP dictum : no one can have more power, influence, wealth, inspiration than the CCP and is an insurance policy against further encroachments.