Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Private Sector Boss Speaks Out: The Government Wants to Eliminate Us, It's Their Core Belief!" video.

  1. 📉 The Chinese Communist party's stance on private ownership has shifted, leading to a decline in support for private businesses. 00:46 The CCP voiced support for the private sector, but President Xi appears less enthusiastic about private ownership. State-owned behemoths have taken center stage, overshadowing private enterprises. Private businesses in China have faced unsettling incidents and a decline in foreign investment. 📉 Private businesses in China face uncertainty and inconsistency in government support, as seen in the cases of Country Garden and Schwentaw. 04:07 Country Garden received privileges and support from the Chinese government during economic recessions but lost them once state-owned housing enterprises regained stability. Schwentaw, an agrarian entrepreneur, faced backlash from authorities for overshadowing the achievements of the Chinese Communist Party with his successful hospital. 💼 The Chinese government suppresses powerful private giants through financial manipulation, legal and policy restrictions, and resistance to global listings. 07:49 Private enterprises contributed to 60% of China's GDP, generated 80% of its employment opportunities, and accounted for half of China's tax revenue in 2019. Private businesses shouldered a debt of 120 trillion U.N by 2020's close, posing potential seismic implications for China's financial landscape. Private enterprises play a pivotal role in societal stability by employing 300 😕 Recent policies and regulatory clampdowns in China have led to apprehensions and disillusionment among private sector players. 10:15 Stringent scrutiny and public denunciation of prominent private players have cast an ominous cloud over the segment. The Chinese Communist Party's approach towards private sectors swings between propelling their growth during economic troughs and restraining them during prosperous times. Entrepreneurs are gravitating towards other nations like Singapore, Dubai, and Malta due to grievances about China's trajectory and skepticism of its leadership. 📊 The establishment of the private economy development Bureau by the national development and Reform Commission and ERC seems to be a gesture of goodwill, but there's more than meets the eye. 13:38 The Bureau holds significant authority under the national development and Reform Commission, granting them decision-making power and positioning them as a critical link in policy approval processes. Lee Chong's reluctance to establish a private economy development Ministry at the ministerial level suggests a delicate balance between rejuvenating the private enterprise spirit and avoiding concerns of privatized entities becoming quasi-state owned.
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