Unlike in the west where you can buy a politician, the most you can do is run for election, and only a small minority of the people’s assembly (i think that’s what it’s called) are millionaires
I find these points to be in conflict. If there are millionaires, they can bribe - legally or not doesn’t matter.
the number of billionaires is shrinking
Now this is an important bit imo. Is there any statistics? I’ve seen the opposite claim (that the number of private-owned companies in China is growing, while the number of state-owned is shrinking), however I was not able to locate a source.
I meant they can only get low level people. No one is bribing XI Jinping, whereas Biden for example is in the pocket of the railroad, agribusiness, pharmaceutical, oil, industries’ pockets and so on.
To quote the article: “Suffice to say, 87 Chinese citizens have disappeared from this year’s Forbes billionaires list in the wake of the government’s crackdown on tech companies in the country. In total, Chinese billionaires are more than 500 billion poorer than they were a year ago. Of the 10 most affected billionaires, those who saw their net worth shrink the most, eight were from China.
blow to education. At this time last year, TAL Education’s Zhang Bangxin was worth $13 billion. Today, his wealth has plummeted by 94% and is worth $890 million. Similarly, Larry Xiangdong Chen, founder of industry rival GSX Techedu, lost $15 billion in just six months between January and July last year, and is now reportedly worth $235 million.”
I know it’s a biased source, but trust a bourgeois outlet to say “the poor bourgeoisie are suffering in China”
I find these points to be in conflict. If there are millionaires, they can bribe - legally or not doesn’t matter.
Now this is an important bit imo. Is there any statistics? I’ve seen the opposite claim (that the number of private-owned companies in China is growing, while the number of state-owned is shrinking), however I was not able to locate a source.
I meant they can only get low level people. No one is bribing XI Jinping, whereas Biden for example is in the pocket of the railroad, agribusiness, pharmaceutical, oil, industries’ pockets and so on.
On the suppression of billionaires: https://www.bullfrag.com/chinese-billionaires-have-lost-500-billion-in-a-year-it-is-what-has-the-common-prosperity/
To quote the article: “Suffice to say, 87 Chinese citizens have disappeared from this year’s Forbes billionaires list in the wake of the government’s crackdown on tech companies in the country. In total, Chinese billionaires are more than 500 billion poorer than they were a year ago. Of the 10 most affected billionaires, those who saw their net worth shrink the most, eight were from China.
blow to education. At this time last year, TAL Education’s Zhang Bangxin was worth $13 billion. Today, his wealth has plummeted by 94% and is worth $890 million. Similarly, Larry Xiangdong Chen, founder of industry rival GSX Techedu, lost $15 billion in just six months between January and July last year, and is now reportedly worth $235 million.” I know it’s a biased source, but trust a bourgeois outlet to say “the poor bourgeoisie are suffering in China”