Alibaba

[Choon]

I would roughly guess what XJP is doing is to kill off speculations and agents (such as property, data marketing and streamers) who add little value to the chain. Essentially he does not endorse viral marketing or the dark arts of targeting consumer's soft spot to entice people to consume (think of the tuition industry). XJP is going after true quality growth which is very very unachievable in today's context. He is okay if alibaba acts as the virtual marketplace but not okay if they employ psychological tricks to entice people to buy--> the crudest example will be for bikini girls to dance on top of tables to sell beer, similar to what we see on some Facebook platforms in Singapore and streaming (and Hong Lim Food Centre).

Without layers of redundant jobs in between the product creator and end user, employment for all is difficult to achieve. This reduces the circulation of money going through many hands. To chase after real quality job creation, the only few shining light are cloud computing, semi conductor production, high end manufacturing and invention of new products. The other way is to increase the pay of blue collar workers such as nurses, craftsman and construction workers. This is where his common prosperity plan comes in

With a large number of China graduates graduating every year and companies such as Alibaba and Tencent being very efficient to use their own technology products as force multipliers, the Chinese premier is going to find it tough to continue this difficult path. This is why a certain small country we know has been growing its wealth mgmt and insurance industry since 2009 because it has been difficult to find quality jobs; instead setting up offices which encourages trading, wealth hoarding, financial well being courses and flipping has been the way it has kept unemployment low. It has been an effective policy in creating well paying employment for its own citizens, albeit causing some form of wealth inequality. It is a complete 180 policy from what XJP is likely striving for now

Your views are interesting and insightful.  

But why fear being specific/naming the small country? I am 85% sure which country you are referring to but not 100% certain.


"This is why a certain small country we know has been growing its wealth mgmt and insurance industry since 2009 because it has been difficult to find quality jobs; instead setting up offices which encourages trading, wealth hoarding, financial well being courses and flipping has been the way it has kept unemployment low. It has been an effective policy in creating well paying employment for its own citizens, albeit causing some form of wealth inequality. It is a complete 180 policy from what XJP is likely striving for now"