Ma Yun’s speech that “Chinese entrepreneurs have no good end” has been in the spotlight again. Cai Xia, a former professor at the Central Party School, said that under the totalitarian system of the Chinese Communist Party, private enterprises are lambs to the slaughter. She also revealed that an entrepreneur, whose huge assets were taken away, asked her to seek help from the Central Commission for Discipline Inspection, but received a reply that there were too many such things to manage.
Recently, Alibaba was fined 18.228 billion yuan (RMB) by the authorities under the name of “anti-monopoly”. Then Tencent, Baidu and 34 other companies were interviewed by the authorities. A Hong Kong media outlet rehashed a remark made by Jack Ma to entrepreneurs in 2013 – “None of the Chinese entrepreneurs end well” – which sparked a hot debate on the Internet.
In response, Cai Xia, a former professor at the Central Party School in the United States, also tweeted her opinion.
Cai Xia said that the mainland media is working hard to expose and uncover the so-called insider secrets of Ant Financial, but shut up about whether the white gloves of the powerful are involved behind Ant Financial, while avoiding the issue of the Chinese Communist Party’s monopoly on financial profiteering.
She said, “There is no fairness and justice in a so-called rule of law and so-called market that does not protect the safety of legitimate private property and is not transparent. Private entrepreneurs are lambs to the slaughter.”
Cai Xia pointed out that “institutional evil is the root” and the totalitarian system forces private enterprises to defect to power or be suppressed. There is no legal and safe institutional environment for private enterprises, and they are either forced to die by arbitrary expropriation, or arrested by officials eyeing their property and fabricating charges, or convicted in the name of anti-corruption, and such examples are everywhere.
She also revealed that a private enterprise owner who unknowingly bid to take a plot of land favored by a senior central government official was subsequently taken into custody by the prosecutor’s office, his multi-billion dollar asset business was confiscated, and his elderly mother died of shock. The result was to be imprisoned for three years for nothing, no charges were found, and no formalities were given upon release.
The boss later found Cai Xia through her connections, through her to submit the reporting materials to the Central Commission for Discipline Inspection (CCDI), and the CCDI staff gave her a reply: “There are too many of these things, he this does not rank ah!”
Cai Xia also mentioned that in 2013, when the Communist Party’s so-called “comprehensive deepening reform” program was introduced, private entrepreneurs jumped at the chance to participate in mixed operations in state-owned enterprises. That year and in 2014, she reminded entrepreneurs at two gatherings that the reform program gave them many promises, but later, in the name of reform, legalized Zhou Yongkang-era measures to maintain stability, such as increased surveillance of speech. If the market lacks fair access, fair competition and transparent rule of law, such promises without safeguards are just a lure.
At the time, Cai Xia reminded entrepreneurs to “lay your hand upon your wallet,” but many did not believe her. In 2018, a boss in Tianjin told her that he did not believe her and now regretted it, as their money and people could not get out.
However, there were a few entrepreneurs who believed Cai Xia and, after several private conversations with her, took their capital overseas to start another business in 2016 and told her after settling in that they had made a wise choice.
In recent years, the Chinese Communist Party has been in financial trouble. While harvesting “leeks” from the general public, the authorities have also started a “fat killing” mode against private enterprises, whether they are “disobedient” private enterprises or, like Alibaba Both “disobedient” private enterprises and giants like Alibaba, which have close ties with the powerful, have fallen into the trap.
In the past, the Chinese Communist Party robbed private enterprises under the banner of “law enforcement,” and the just-completed “fight the black and eliminate evil” campaign has provided a powerful tool for governments at all levels. Now, the Beijing authorities are starting to “anti-monopoly”, which is said to be tailored to some of the industry giants.
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