C******y
发帖数: 3249 | 1 By Peter Aitken | Fox News
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Fox News Flash top headlines for November 7
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China’s rich have changed their focus from making money to keeping it as
President Xi Jinping introduces new measures to redistribute wealth among a
swell of support.
The wealthy class in China has periodically felt the need to hide money from
the government, but the recent "common prosperity" drive has caused a minor
panic. The drive aims to narrow China’s wealth gap, but the language and
practice of the proposed laws remain vague.
Beijing has launched anti-monopoly and data security crackdowns to tighten
its control over internet giants, including e-commerce platform Alibaba
Group and games and social media operator Tencent Holdings Ltd., which
looked too big and potentially independent.
Xi Jinping, China's president, delivers a speech after arriving at Macau
International Airport in Macau, China, on Wednesday, Dec. 18, 2019.
President Xi is expected to use a visit marking 20 years of Chinese rule
over Macau this week to send a message to the protest-stricken financial hub
some 50 kilometers (30 miles) to the east: work with us and get rich.
Photographer: Justin Chin/Bloomberg via Getty Images
Xi Jinping, China's president, delivers a speech after arriving at Macau
International Airport in Macau, China, on Wednesday, Dec. 18, 2019.
President Xi is expected to use a visit marking 20 years of Chinese rule
over Macau this week to send a message to the protest-stricken financial hub
some 50 kilometers (30 miles) to the east: work with us and get rich.
Photographer: Justin Chin/Bloomberg via Getty Images
"Common prosperity" is a phrase Mao Zedong used in the 1950s and repeated by
Deng Xiaoping in the 1980s.
ROBERT KAUFMAN: HYPOCRISY EXHIBITED BY AMERICA'S ELITS ON CHINA THREATENS
OUR FREEDOMS
The government regularly adopts policies that spook the ultra-rich: Some new
laws around 2012 famously prompted the wealthy citizens of China to buy art
as a means of laundering their money overseas.
(Getty Images)
Border closures because of the pandemic have made moving money out of the
country a more difficult process, and the government banned the trading of
crypto – a popular method for moving money around.
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The new drive has therefore prompted new measures to protect wealth.
"A few years ago, people were only concerned about how to invest," Echo Zhao
, a partner who advises for Shanghai SF Law Firm, told Bloomberg. "Now, they
’re no longer eager to take chances."
Keeping a low profile is the key: The ultra-rich have started to delete
social media and disengage from it as well as refusing to conduct interviews
. Doing so prevents their words from being used against them and interpreted
as possibly anti-government.
SEN. COTTON: ‘IT’S IMPERATIVE' BIDEN MODERNIZES US NUCLEAR FORCES WHILE
CHINA GROWS NUCLEAR ARSENAL
Additionally, the need to move money within the country and to do so legally
has seen the adoption of three primary methods: invest more in off-shore
trusts; diversify holdings into green technology and foreign companies; and
hire underground money changers to move money when necessary.
Each of these new approaches provides its own challenges as they are either
new to China or face complications due to laws established by the government.
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For example, a trust might seem an attractive way to protect against any
possible inheritance tax the government might introduce, but without any
idea of what laws might be introduced over the management of trusts
themselves, advisors have told clients to retain as little control over
assets as possible. | C******y
发帖数: 3249 | 2 川总这样的君子，也加入猪党搞下三烂的金融政变策略，习近平的压力山大啊 | T**********s
发帖数: 2135 | | C******y
发帖数: 3249 | 4 够呛啊，产党的这些中下层干部已经习惯了为官富服务，顽固拒绝为人民服务，把资本
家当作爹
【在 T**********s 的大作中提到】
: 再大大他英明领导下，一个的跑不了炖炖炖
| s*x
发帖数: 8041 | | C******y
发帖数: 3249 | 6 中下层产党干部把美国当爹极其严重
【在 s*x 的大作中提到】
: GOP：没收一切在美中国资产
| m*********9
发帖数: 56 | 7 大大英明，跑了的也得抓回来
【在 C******y 的大作中提到】
: By Peter Aitken | Fox News
: Facebook
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: Fox News Flash top headlines for November 7
: Fox News Flash top headlines are here. Check out what's clicking on Foxnews.
: com.
| l******k
发帖数: 629 | 8 不仅是中下层
【在 C******y 的大作中提到】
: 中下层产党干部把美国当爹极其严重
| C******y
发帖数: 3249 | 9 主席台上有一半，但是不敢象中下层这样明目张胆的只为洋爹办事，只为官富办事
【在 l******k 的大作中提到】
: 不仅是中下层
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