PGC – Alibaba is letting the world know that things don’t look so great there in Xi land, as Chairman Xi finds himself having to pay for an inordinate amount of catastrophic loss and repair in the wake of numerous dams breaking throughout the country.
Such catastrophes are just the latest in a series of bad events for Chairman Xi, not the least of which is what the Chinese really remember about just how Xi handled the crackdown at the initial surge of the Coronavirus.
He has little choice but to reign in the glorious images that might compete with him in charismatic leadership. Those images are largely the new billionaires the Chinese compromise with Capitalism has created. Now, the party must end for the sake of the party, for the glittering billionaires must be diminished and put to heel, else talk swirls around a new priest-king to lead the people into the true mandate of heaven, a mandate Xi appears to have lost.
Alibaba is warning its investors of diminished returns in anticipation of that new reality, at least in part, higher, much higher taxes. More regulations are sure to come as well across the board for all Chinese companies to be in sync with the CCP, the Chinese Communist Party, a party that speaks for them, and they in turn speak what the party tells them to speak.
The DNC fantasy that is the CCP is now in the unenviable position of having to heel the very engine that rose it to world power in the first place, the compromise with Capitalism. Now, for the sake of saving Xi’s face, the glitter must fall, and the compromise, while not over, is now reduced to Capitalism on an extremeley short leash, but with new moral laws to mold the people into workers yes, but, more importantly, into living, breathing examples of the CCP, another DNC fantasy.
Alibaba Said to Warn of Higher Taxes as Crackdown Widens
From finance.yahoo.com
2021-08-06 03:19:32
Excerpt:
(Bloomberg) — Alibaba Group Holding Ltd. has warned investors that years-long government tax breaks for the internet industry will start to dwindle, adding billions of dollars in costs for China’s largest corporations as Beijing extends its campaign to rein in the sector.
China’s No.1…
