Children wear costumes made of leeks at a leek festival held in Dong village, Guangxi (Photo credit: video screenshot)
The term “leek cutting” is an emerging buzzword in China in recent years, meaning that those who make money in the stock market earn money from those who lose money. Retailers in the stock market repeatedly lose money and get cut, but new ones come and go. With the 996 work system, income inequality, the power elite and the people’s competition for profits and other events continue to occur, the meaning of “leeks” continues to expand, leeks are not only the people at the bottom, but also may be rich private entrepreneurs, leeks are cut by the Chinese Communist Party authorities. Recently, a village in Liuzhou, Guangxi held a “leek culture festival”, which led to heated debate among netizens. Some netizens mean to say: “May 1 Chinese stock market vacation turned out to be leeks in the festival”; others sarcastically said: this leek festival “is jointly sponsored by the SSE and SZSE”.
Comprehensive mainland media reports, Guangxi Liuzhou City Sanjiang Dong Autonomous County, Linxi Town, Gao You village, May 2 held Gao You leek festival. The villagers of Gao You village attracted visitors to the festival by welcoming them with road blocks, folk parades, cultural performances, leek competitions, and special agricultural products exhibitions and sales. Villagers in traditional costumes and children dressed in costumes made from leeks greeted guests at the entrance of the village, while villagers inside the village paraded carrying large red pigs and leeks and staged ethnic performances in front of the drum tower.
The report said that the Gao You leek, commonly known as the large-leafed leek, has leaves 40 to 50 centimeters long, up to 70 centimeters long, and is grown throughout the year, with the spring growing particularly vigorously, especially the 15 days before and after the Valley Rain Festival produces the best quality. The Gao You Leek Festival was first held in 2007 and is usually held in the village on a good day after the Valley Rain Festival.
The term “leek cutting” is often used in the Chinese stock market. Large investors join together to make the stock market higher and then fling it down in one gulp, and then harvest it from the retail stockholders at a low price. The Chinese stock market clearly has “ups and downs”, but in the long run there is little upside to speak of. The cycle of ups and downs has been one wave after another, and the retail stockholders are like leeks in a field, cut when they grow, cut when they grow. In the end, the only people who really make money are the institutions, the government and the powerful who have inside information, and the people who are in the dark are the only ones who are cut as leeks.
Now “leek cutting” is more widely applied in Chinese society, such as the 2018 phenomenon of the state advancing and the people retreating, due to the U.S.-China trade dispute, the economy of private and foreign enterprises suffered, while the Chinese Communist authorities let private enterprises lose money, state-owned enterprises eat the market of private enterprises without bloodshed. When the private enterprises could not hold on, the state-owned enterprises then “play white face” to buy the private enterprises, or their plants, equipment and inventory at low prices. Some analysts say that the essence of this round of “the state into the people retreat” is the “princeling party” (second generation of officials), the state capital held by the Communist Party of China’s powerful elites, to take advantage of the danger of private enterprises to severely cut the leeks.
Another example is the recent anti-monopoly investigation launched by the Chinese Communist Party authorities, which has led to a series of fines of $18 billion for Alibaba and fines for Tencent and Meituan, which are considered to be big leeks that the authorities have fattened up to cut.
The above news has attracted the attention of some netizens in the Internet. Some said unspokenly, “Chinese capitalists are holding a leek-cutting culture festival”; some saw local children wearing leek-made costumes and said, pun intended, “leeks should be caught from children”; others mockingly said, “The state Not only do they want you to be a leek, but they want you to be a cultured leek”.
All are the flowers of the motherland leek flowers
Viewers, friends, ahead, stay in tears and drink face is from the A-share market shareholder representative team
Why does the Chinese stock market take such a long vacation? The reason is finally found! Because to hold the leek culture festival
Co-sponsored by SSE and SZSE.
Promote leek culture and enhance leek confidence
acting in its own color
Advanced black performance art, hahaha
Screenshot of Weibo
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