As China suffers from an economic downturn and a raging Epidemic, former Hua An Fund chief economist Lin Caiyi called on the country to “spend all the money and fight for the country”. (Screenshot of video)
After the Communist Party of China (CPC) authorities proposed a development model based on “internal circulation,” scholars within the CPC system called for “spending all the money is the best way to love the country,” but the argument was unexpectedly met with a chorus of scorn from mainland netizens: the “love of the country” they claimed was to love the “Chinese Communist Party” and to help the CPC solve its problems.
Chinese Communist Party scholar: spending money is the best patriotic
Recently, at the 9th China Chief Economist Forum held in Shanghai, Lin Caiyi, former chief economist of Hua’an Fund, said, “Consumption is playing an increasingly important role in economic growth, so this internal cycle is not a source of water.”
Immediately afterwards, she said in a surprising way, “Actually, I said two years ago I spent all the money to fight for the country. How do you love this patriotism? Very simple, spend money, spend money is the best way to patriotism. Now to the concept of internal circulation, I still have this view. As long as consumption can grow strongly, the Chinese economy in the future it will have a constant source of power.”
Chinese Communist Scholar Scorned
Lin Caiyi’s view that “spending all the money is the best way to love the country” immediately sparked a chorus of scorn from mainlanders after it appeared in the press.
“Bricklayer, please share your money with everyone, spending it all is patriotic, starting with you.
“Dr. Lin is not a person fed the whole Family is not hungry?”
“People have mortgage, Education, medical care, pension several mountains on their backs, how to spend money?”
“Raising a family, old age, old age prevention, disease prevention, disaster prevention, housing prices continue to rise, experts you are responsible for the people not?”
Even Lin Caiyi’s counterpart, Chinese economist Ma Guangyuan, also criticized, saying something over the head. 600 million people have a monthly income of 1,000 yuan, and the majority of them are overwhelmed by housing, medical care and education, so your phrase “spending money is patriotic” comes in a poetic way.
Some people criticized Lin Caiyi for linking patriotism with spending money, which is nonsense, and for claiming that patriotism means loving the Communist Party of China and solving its problems.
Mainland scholars: disregard for people’s hardships will naturally have many people scold her
The Chinese people are tightening their belts to get by, so it’s hard to come up with much spare money to spend, and it’s good to maintain basic living and pay off debts.
“But this imperial scholar must have been authorized by the Chinese Communist Party to say so. After all, the CCP is now isolated and blocked internationally, and wants to engage in internal circulation, so it wants the people to bleed more and spend more to support economic development. But this kind of moral preaching of ‘looking at the big picture’ will certainly not work, and will even cause the public to rebel.” Wu Te said.
The Chinese Communist Party also claims that it is the only economy in the global epidemic,” he said. The Chinese Communist Party’s data has always been watered down and falsified. But even according to the Chinese Communist Party’s data, China’s economic growth is currently the slowest in years, and is actually estimated to be negative. Because I know that many businesses and people around me are having a hard Time, and the business of banks is also down a lot compared to the past, which means that people are having a hard time coming up with free money to manage their money.”
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