【謝田時間】1. 中央金融工作會議從防控金融風險到化解，什麼信號？ 2.國務院成習近平的經濟辦公室？ 習大權獨攬 3. 中共安全部發文威脅經濟 「做空者」「掏空者」什麼信號？

Hello, Professor Xie. Hello, Shili. Hello, everyone. According to official Chinese media reports, the CCP recently held a five-year financial work meeting. Some foreign media reports said that this meeting released three pieces of information. China's high-quality financial development, comprehensive strengthening of financial supervision, and the role of the Central Financial Work Committee. I saw a report that compared the last financial work meeting. Serving the real economy, preventing financial risks, and deepening financial reform. There are two things that were not mentioned in this meeting. What do you think of this financial work meeting? First of all, we know that Xi Jinping just went to the so-called Foreign Exchange Administration of China. The Foreign Exchange Administration of China is also in the Central Bank. The Central Bank and the Foreign Exchange Administration of China came to inspect and guide the work. This is also the first time in more than ten years. In fact, it's not because he wants to learn financial knowledge. In fact, he felt that China's financial situation was in great trouble. So he went to war alone. You can see how serious the financial problem is. You just mentioned other reports. Other reports pointed out the difference between this meeting and the last meeting. This is a very good explanation of the problem. Last time they said they would serve the real economy. They won't mention this time. In fact, they said they couldn't care about the real economy at all. The real economy is the most important part of China's economic development. In fact, they know that the real economy can't be revived now. There is no way. There is also a financial risk prevention. Last time, I mentioned the financial risk prevention. This time, they won't mention the prevention. This time, it's about resolving the financial risk. The financial risk, the financial problem has already happened. It's not a matter of prevention. How do you resolve it now? If you want to deepen the financial reform, it will always be like this. But this time, when he mentioned high-quality development, we know that he thinks that the quality of China's financial development is not high. That is, there are too many bad debts and bad debts. There are also some defaults, defaults, bankruptcies, and crisis bankruptcies. There are too many companies with financial problems. This is also true now. Due to the decline of real estate and the decline of the economy, it has led to the heavy debt of financial companies. The problem of crisis bankruptcies is that high quality can't do it. But what he proposed is to strengthen financial supervision. What else is the financial system party building? In fact, he is his own historical limitation. This is actually the CCP. The CCP's control of this finance and the CCP, in fact, the Chinese government basically put the Chinese banks, securities, real estate market, as their own money-making machines, money-making machines. In fact, in the past 20 years, the value generated by the Chinese government has actually been taken away by the CCP. What is left to the people now is a series of bankruptcies and debts. Now it's going to explode. If it explodes, it's better to say that the correct approach should be to get rid of the leadership of the party. That is, to disintegrate the CCP. Now, on the contrary, he wants to strengthen the financial system party building. If he dies, he still has to be managed by the party. This is the problem in China now. You just mentioned that the real economy is a very important part of China's economy. You didn't mention it at this meeting. What does this mean? You just said that he can't manage it anymore. It can't be helped. Or the real economy, now the people who do business can't do it. He doesn't need it either. It's not that he doesn't need it. He has no way to loan or expand. Because there is no market. Now China's foreign market is shrinking. The domestic market is also shrinking. The whole economy is falling. At this time, the real economy, now they have a series of debts, a series of debts, because the orders have fallen, orders have fallen, a series of debts. At this time, it's not that there is a shortage of loans to develop or expand development, to expand production. There is no such problem. So he doesn't want to mention it now. If there is no support for the real economy, what do you think of China's economy? If there is no real economy, in fact, generally speaking, money is floating in the financial circle, floating in the financial industry. From banks to financial companies, to the stock market, to the real estate market, and then come back. In other words, the practice of floating in the financial circle is actually to continue to blow up, to blow up the bubble economy. But in fact, if there is no support for the real economy, the bubble will eventually break. Now we actually see that the bubble of real estate is breaking. The problem of banks, the problem of debt is now also starting to break. Last time you mentioned the deepening of financial reform. This time he didn't mention it. I saw a report saying that he will never reform. Yes, his so-called reform used to have a relationship, that is, how the central government and the local government divide power, or how the money is given to the local government. It was because the CCP collected the property rights from the local government. It turned out that the local government had money, but the central government had no money. He collected the property rights, and then collected the taxes. After collecting it, the local government went to engage in real estate and land finance. Now that the land finance has collapsed, the CCP has no choice but to start giving money to the local government. But this hole is getting bigger and bigger. In fact, they can't get the money. The problem has appeared. In other words, if China's economy does not have the support and development of the real economy, the so-called vacuum you just mentioned, in any country, the real economy should be a very important position, right? Yes. Of course, first of all, the third industry, we know that the financial industry and the service industry are also important. But if there is no real economy, the support of the financial industry, your money is empty. We say that empty money is money in financial enterprises, investment stocks, and so on. In fact, it will not produce real wealth. If this country, like China, has no domestic demand, there is no way to stimulate the real needs of the people. There is no market, and there is no external market. Now there is no infrastructure. So the economy can't go up naturally. In the United States, let's give an example. In the United States, President Trump realized this problem. We can't let the United States be all in this virtual economy, digital economy, and in this financial circle. He wants to bring the manufacturing industry back to the United States. So since 2016, 2017, he has successfully brought many manufacturing industries back to the United States. In the United States, the economy is relatively solid. There is a solid foundation. In addition, there is a report that this financial work meeting has become a central financial work meeting. It used to be called a national financial meeting. I saw a comment saying that it is to strengthen the leadership of the CCP. You just mentioned this. In this case, what is the final result? Yes, this is actually a further central control of the CCP, and a control of the Communist Party. You see, he is building a financial system party. Central control In fact, the local government and the local level have lost control of the issue of lending, excessive lending, and the issue of expansion. They want to get these rights back to limit the role of the local government in the financial system. This is actually you can say from the central point of view, when the entire financial system is about to collapse, he can only try to get the rights back. This is the problem. This report says that the so-called comprehensive strengthening of financial supervision means that the CCP authorities are trying to prevent the problem of economic stagnation and real estate from spreading further to the banking industry. What do you think of this analysis? He can't stop this. Because now the crisis in the real estate industry is that we know the money has been taken away by these financial enterprises. They also took the money and earned it. It's time to split the money. The real estate industry is a tool for the CCP's senior officials to get money through white gloves. They also took the money away. The rest is debt. The rest of the debt these loans many loans are in the hands of the bank. So when the real estate industry and the entire industry collapse, the bank's assets and liabilities will definitely have huge holes. These assets used to be supported by the real estate bubble and the price of the bubble. Now that the price has collapsed, their assets will also shrink. After shrinking, there may be a problem with the liabilities. The real estate industry and the financial industry are all connected. You mean it's already spreading to the banking industry, right? It's already spreading. It's not that he's going to stop it. He can't stop it. Because these loans are from the real estate enterprises' loans. There are also Chinese people Chinese people are now Many people have realized that the CCP is cutting leeks. They simply stopped the CCP. After the CCP stopped the CCP, what caused them to have problems will also be attributed to the bank. So these banks are already involved. They can't do anything about it. So there is nothing to prevent it. It's already a problem in the banking industry. In addition, I saw outside reports saying that strengthening the leadership of the party is one of them. That is to say, the CCP wants to strengthen China's $6.1 trillion financial industry leadership. What do you think of this? Yes, the financial industry includes banks, trust, insurance, stocks, that is to say, these futures, these are all in their inside. Now the CCP has already strengthened the entire leadership, the entire control, and even the central bank. We know that recently he changed the head of the State Council. He put the head of the central bank in the State Council meeting. The head of the central bank is actually with the Minister of Finance, Minister of Foreign Affairs, and other ministries to sit together or debate. That is to say, in fact, the central bank of China has also lost the ability to control the macro control. In this case, in fact, all rights belong to the State Council, and the State Council has now become an economic office of Xi Jinping. Xi Jinping is now monopolizing power, and fully controlling China's economic, financial, and social aspects. In addition, I just saw another report. The National Security Department of the CCP recently posted an article saying that some people with ulterior motives intend to stir up trouble, such as being vigilant, watching the air, sitting in the air, singing in the air, and controlling the air. I see some people saying that this article is very strange. What does this economy have to do with the National Security Department? Obviously, this is true. In fact, financial security will indeed cause security of the regime, security of the regime. So, from this perspective, for the CCP, its regime, for the CCP, its party is the country, the country is its party. So, financial security also involves the country's economic security. For it, it is the security of the party. So, the National Security Department is not strange to say so. The party-state, the people who are watching air, in the air, singing in the air, is a threat. You can feel that they are a bit afraid, afraid of the outbreak of the crisis. Because now many people are sitting in the air in China. Sitting in the air is right, because it is now already seeing this trend. If the CCP does not believe it wants to defeat those who sit in the air, empty-handed, it is also easy. It can sit in the air in ten. Not much better, just too much, but too much. In this way, The CCP is unwilling to do so, or has no ability to do so If others want to do nothing The external world, the foreign world, and the investment world Don't have a good view of the Chinese economy They are certain that the Chinese economy will collapse If it collapses, you threaten it Or you make it believe that it is useless The more you threaten These people are more certain that the Chinese economy will collapse So it's right to do nothing However, we know that the CCP has issued a document through the Ministry of Security Its purpose is to threaten these financial companies There is another one, I think it is not ruled out It may use other methods Find trouble from these companies in other ways To threaten them, to stop them So the CCP can do anything