China's economic collapse! The CCP just lost $520 billion because of their economic repression

China's economic collapse! The CCP just lost $520 billion because of their economic repression

China's economic collapse! The CCP just lost $520 billion because of their economic repression

Xi Jinping has caused the Chinese economy to collapse by cracking down on the country's billionaires.

With the CCP's economic repression, the shares of large Chinese corporations have plummeted.

Under Xi Jinping, China's patience with the super-rich is now exhausted, with the president pursuing a "commonwealth" agenda to tackle inequality - downplaying some of the rich. country and make them rush to donate.
In the past half year, China's economy has plummeted miserably when large corporations are in danger of bankruptcy.

Jack Ma, the co-founder of Alibaba, used to teach English as his job, but after amassing an internet tech fortune, he became interested in being pope on the billionaire's Davos track. In November, however, Chinese regulators blocked the stock market listing of Ant Group, a financial company spun off from retail and technology parent Alibaba. Jack Ma briefly disappeared from view after the hit, as Alibaba's stock plunged 20%.

Colin Huang
Former Google engineer Colin Huang only founded Pinduoduo in 2015, but the rapid growth of the online retail platform has made it a rival to Alibaba. Innovations like combining social media with e-commerce have excited investors making its earnings stand out. Huang returned as chairman in March, and last month Pinduoduo said it would bring in profits worth up to $1.5 billion.
The company's shares also suffered when the stock price fell sharply in recent times due to the CCP's economic repression.

Xiaomi's Lei Jun is aiming for Samsung to become the world's largest smartphone maker after recently overtaking Apple. He has expanded the company's consumer electronics offering to electric motorcycles and even air fryers, and he has ambitions to build an electric car. In July, he donated HK$17.4 billion (£1.6 billion) worth of shares to his personal and corporate foundations. With such a great contribution, this corporation cannot avoid the eyes of Xi Jinping, when they are also on the verge of bankruptcy like their seniors in the past time.

Chen Dongsheng has perfect connections to the Communist Party: his wife was the niece of Mao Zedong, the dictator for nearly 30 years up to 1976. Chen, founder and chairman of Taikang Life Insurance, one of China's largest insurance companies, whose interests in the art world include a former stake in Sotheby's auction house. £113 million for Wuhan University in August.
With such relationship and dedication, they are not immune from the CCP's repression. when in June 2021 Chen Dongsheng declared default.

Zhang Yiming
TikTok has taken the world by storm since Zhang Yiming founded it in 2012. However, he shocked investors in May when he stepped down as chief executive officer as the social media company prepared to go public. initial public offering of shares. He donated 500 million yuan to an education charity named after his grandmother in his hometown of Fujian province. Recently, Zhang Yiming is also having a headache because of the company's struggles in the face of this bizarre economic policy of the CCP.

China's economy is on the verge of collapse as the CCP itself is introducing measures that bankrupt China's largest corporations. In the past half year alone, Chinese companies have lost $520 billion.