The founder of Alibaba Group, Jack Ma, has recently disappeared from the public eye for more than 2 months after being continuously subjected to key rectification by financial regulators, and there has been speculation from all walks of life that Jack Ma’s fate is not good. Dr. Cheng Xiaonong, a U.S. political and economic commentator, said in an interview with our reporter on the 7th that Ma’s anger with Xi Jinping is not that big a deal, and that the economic difficulties faced by the Chinese Communist Party can be seen from the fact that China’s Internet giants have been “selling cabbage to farmers.
The latest disclosure from the U.S. media is that the Chinese Communist Party’s financial regulator wants Ma to share the consumer credit information of Ant Group, which he has been reluctant to hand over, thus putting Ma in the middle of a storm. Cheng Xiaonong believes that although Ant Group operates Alipay, a third-party payment platform used by hundreds of millions of people in China, it has a significant monopoly on the consumer market. But the Chinese Communist Party didn’t take it too seriously and agreed that Ma could continue to do so in the future. What angers the CCP is that at a time when the CCP is facing economic difficulties, it wants these rich companies to contribute to saving the economy and invest in high-tech breakthroughs or industry chain repair, a direction the government desperately needs, but Ma’s company is keen to invest a lot of resources into the fresh food community group buying industry, using the mobile payment data they have. The Internet companies are considered high-tech enterprises, but now they are turning to “code farmers selling cabbage”, abandoning the development of high technology.
The Chinese Communist Party was angered by this incident. The Chinese Communist Party thinks that Ma Yun has a lot of money in his hand, you do not go to the Chinese Communist Party’s request, the money used to solve its current problems for the Chinese Communist Party. Its problem is two, one is like the chip industry, this investment is not enough, not developed; the other is that the Communist Party is now a lot, the mainland of the world factory, that is, each export-oriented factory industry chain, many were cut off, because many intermediate, including Taiwan-invested enterprises, the middle withdrew, there are many Chinese enterprises also followed together with the withdrawal, they are downstream enterprises well, his upstream, midstream and many Chinese enterprises. The result of this is that the Chinese Communist Party has withdrawn several key factories in the middle of the whole industrial chain, the whole chain is dead, like many such industries, that is, different products have such problems. So the Chinese Communist Party is now very headache, said many factories can not survive, in this case, the Chinese Communist Party’s factories, there is a batch of dying, then the Chinese Communist Party is very heartbroken, want Ma Yun to go, these rich Internet giant companies to take the money out to develop this middle parts.
Cheng Xiaonong said, in the face of China’s deteriorating economic situation is becoming more and more serious, the outbound Ma’s company enterprises, it does not necessarily say that he developed a product like the chip, the order production volume can really turn up, because the downstream orders have been moved out of China’s Taiwan business, even if the production and Taiwan business products similar things, want to sell to the United States, it is not necessarily able to occupy the U.S. market.
[Recording] From the perspective of enterprises, this government order is poison to enterprises, because they are not in this business, do not understand. So for Jack Ma, the government needs to be a very difficult thing. But the government is thinking, I let you do business in China, it’s very good, I want to use you, let you give me the time to contribute, you do not, I have to make you sad. This thing is not an uncommon thing in mainland China, there have been many private entrepreneurs, owners have had the same experience. Of course, the Chinese Communist Party seems to have grounded him and prevented him from leaving, because he has a lot of money overseas, so he has to run away, his money may also follow the transfer, the Chinese Communist Party is also afraid that he will transfer the money away, so people have to be detained, detained people, the money can not run away.
The Chinese Communist Party has threatened to manufacture chips “on its own”, claiming that it will use 9.5 trillion to smash into the chip industry. The Chinese Communist Party authorities have not seen any concrete results after the big chip-making campaign, and many large-scale chip projects around the world have been “rotten” in succession. According to the latest reports, since 2018, six tens- and even hundreds-billion-dollar semiconductor development projects in Jiangsu, Hubei, Sichuan and Shaanxi have come to a halt, causing huge losses. Some of the projects have almost not yet been launched has been rotten. Recently, there is news that the Chinese Communist Party authorities have admitted that the chip industry has seen blind investment phenomenon, with many rotten projects and huge waste. Cheng Xiaonong said that Chinese chip companies do not have the ability to develop and innovate, and have always relied on stealing others’ high-tech knowledge.
[Recording] The mainland is already tens of thousands of chip companies, Taiwan only a few ah. Chip is not selling milk tea, said to open a good deal, you can make money, the chip is a money-losing business, 99% is to die out. It also has no talent, no technology, and no entrepreneurial spirit, and it is also afraid of piracy. Technical personnel in the mainland is very easy to be poached, you like its mainland chip companies, the larger are poached from Taiwan, especially from TSMC. So the Chinese Communist Party is used to poaching people. The problem is that the mainland enterprises it has always been digging ah, so no enterprise dares to really spend a lot of money, long-term development, development to half, and then your technical staff to poaching away. He did not just steal Taiwan, steal the United States, he also stole the same between their own people to steal each other ah. So, the more you steal it, the more we are afraid of well.
Jack Ma has not been seen publicly for more than 2 months. Kyle Bass, a well-known American hedge fund mogul, tweeted that Ma would be sentenced to more than 10 years in prison. But Cheng Xiaonong doesn’t think so, because it’s not that big a deal, and Ma just continues to keep a low profile and not show up.
I think it’s not surprising that he might not show up. He will be unlucky to say anything in the media. He doesn’t dare to say that the Communist Party is forcing me, he doesn’t dare to say that everything is fine with me, then the Communist Party says you, I let you speak and you start to be complacent! So he should be a good boy, know that it is not easy to be a person in the mainland, that authoritarian regime, killing without discussion, and there is no legal system. The more money you have, the more trouble you’ll be in when he tries to keep an eye on you!
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