[Epoch Times September 05, 2021]Xi Jinping recently proposed “common prosperity”, and at least 73 Chinese companies have responded with donations. Zhang Weiying, a professor of economics at Peking University, recently published a 4D article warning that if the government intervenes more and more, it may lead to “common poverty.” Some experts agree with this.
Cheng Xiaonong, an economist in the United States, told Radio Free Asia that he admired Zhang Weiying and published a long article in an official or tolerable context of the Chinese Communist Party. He believes that common prosperity is false, and it will be sooner or later that the Communist Party wants to “communize.” Moreover, the richest in China are high-ranking officials. Should they first donate their assets?
Cheng Xiaonong: Common prosperity is a fake “community” is sooner or later
On September 1, Zhang Weiying published an article “Market Economy and Common Prosperity” at the Forum of China’s 50 Economic People, saying that if China loses its faith in the market economy and introduces more and more government interventions, it may lead to “common poverty.” . The “China Economic 50 Forum” was established in 1998 by Liu He, the current Vice Premier of the State Council of the Communist Party of China.
Cheng Xiaonong is the former director of the Comprehensive Research Office of the China Institute of Economic System Reform, and former colleagues with Zhang Weiying. He said to Free Asia, “I admire him (Zhang Weiying) very much. I have been waiting for such comments. There are a large number of economists who advocate market economy in China, who were very active before. Every time the government interfered, they would say .”
But this time the intervention was very deep and heavy. Cheng Xiaonong said that most people didn’t talk about it.
Cheng Xiaonong believes, “In fact, three sentences are enough. In the first sentence, common prosperity is false. In the second sentence, common prosperity means that the government forces private enterprises to pay. This slogan is used to cover up the practice of forcing private enterprises to donate, and at the same time guide public opinion. To the dissatisfaction and jealousy of private enterprises. In the third sentence, it will be sooner or later that the Communist Party wants “community.”
In the history of the CCP, under the slogan of “common prosperity”, the local tyrants were divided into fields, and public-private partnerships, but the looted property was given to the government and the powerful. Now that Ant Financial is suspending its IPO, Ali is heavily fined 18.2 billion yuan, and there are waves of interviews to rectify the company; then the entertainment circle earthquake, the superstar Zhao Wei disappeared overnight; in addition, the remedial education industry was purged…the Cultural Revolution at home and abroad 2.0 is coming.
The Chinese Communist Party preached “Wealth Together” At least 73 companies responded
Since Xi Jinping emphasized “common prosperity” on August 17, the wealthy people in mainland China have been in danger for everyone. According to Bloomberg statistics, since August, at least 73 Chinese listed companies have mentioned in their performance and financial reports that they responded to the “shared wealth” policy.
Internet giant Tencent took the lead in donating 50 billion yuan the next day, Alibaba recently donated 100 billion yuan, and e-commerce giant Pinduoduo announced a 10 billion yuan special project, and Xiaomi Technology donated approximately 14.4 billion yuan in stocks… Ali CEO Zhang Yong It also stated that “I cannot wait to make contributions to the realization of common prosperity.”
However, Alibaba Group’s share price fell nearly 4% on the Hong Kong Stock Exchange that day. The stock price on the New York Stock Exchange in the United States has also fallen from a high of more than US$300 per share in a year to US$170 per share.
The most equal market economy, planned economy depends on power
In Zhang Weiying’s long article, he elaborated on the theoretical basis of the market economy, saying that the market economy is “the most equal system in human history,” and it provides everyone with the opportunity to get rich and refuse privileges. He emphasized that in the past four decades, China has moved towards a market economy to achieve an economic leap, which has benefited the general public in China.
Zhang Weiying made a sharp criticism of the planned economy, saying, “The planned economy was designed by a small number of intellectuals and then imposed on society from top to bottom by power, so someone must defend it and defend it.”
And “the market economy is different. It was not designed by intellectuals, but spontaneously generated from the bottom up.” Zhang Weiying wrote, “It can be seen from history that the greatest force against the market economy is the privileged class and vested interests. By.”
Who gets rich with whom?The richest in China are officials at all levels
Regarding “common prosperity,” Cheng Xiaonong questioned, “There is something to say about common prosperity. Who gets rich with whom? I have to ask, where is the richest person in China? Among high-ranking officials, officials at all levels, and small and medium-sized cadres. , Do they plan to prosper together? Then it should start with the assets of the standing committees at all levels.”
However, the CCP’s “shared prosperity” has used private enterprises to attack. Wang Jian, a senior financial media person in the United States, told Free Asia, “Ali and Tencent donate 100 billion yuan. Isn’t this depriving others of their wealth? This is the damage to the property rights system. When everyone realizes that my property is not safe in China. , The result is to either move the property or lie flat.”
Create wealth: rely on entrepreneurs and market economy
However, Zhang Weiying said, “It is the entrepreneurs who create wealth that the government and charities have money to help the poor.” If entrepreneurs are not motivated to create wealth, the government and philanthropy will not be able to help the poor.
Zhang Weiying said, “The money for poverty alleviation is given by the government or charity organizations in the form of money, and is essentially created by entrepreneurs.” However, the government only transfers wealth from one group of people to another group. It cannot be made out of nothing.
Wang Jian told Free Asia that Zhang Weiying’s article wanted to respond to two major issues: First, China’s economy is facing the trend of “national advancement and national retreat” and toward non-marketization. He hopes to defend the market mechanism and prevent a return to the planned economy. era. Second, it is necessary to refute that common prosperity cannot be solved by three-time distribution, but to focus on creating more wealth through the market economy.
Editor in charge: Sun Yun#
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