15/09/2021
The stakes for profit hunters and tycoons in Hong Kong are now higher than ever as Chinese President Xi Jinping pushes for "common prosperity" in the mainland, in turn raising the question of whether the city will also face the same fate in time to come.
Indeed, Mr Xi's speech in August - when he called for rationally "adjusting" excessive incomes and for high-income individuals and companies to contribute more to society - roiled not only global markets but also China's billionaire ranking, wiping out billions of dollars in both instances.
"As public companies donate billions of shareholder dollars to government projects, investors are left unsure of what it is they ultimately own," Mr Silvers told The Straits Times.
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China pushing for "common prosperity" which called for rationally "adjusting" excessive incomes and for high-income individuals and companies to contribute more to society and charity.
My view is : China is getting all their people and companies to start acting together to tacker - may be their biggest problem they may face in the next 40 years.
That is the Aging Population of China.
https://www.dailysabah.com/opinion/op-ed/is-china-really-in-trouble-with-its-aging-population
In 2020, China’s old-age dependency ratio reached 17. (population aged 65 or higher is at 17 per 100 persons)
The U.N. predicts that by 2060, this ratio in China will rapidly rise to 53, and thereafter will stagnate between 50 and 60.
In the U.K., France, and Germany, this process (old-age dependency ratio increasing from 17 to 53) will take 140, 120, and 90 years, respectively.
In the U.S., the old-age dependency ratio will not even reach 53 before the 22nd century.
China's elderly population is estimated to hit around 400 million by the end of 2035, according to experts.
Thus, the Chinese Government need lots of money and help from the people and the rich companies to contribute to charity and give to the poor to mitigate the issue.
Jonathan Chan | Phillip Capital | Mobile : 90-1000-90
While many view China's old-age dependency problem as more worrisome than that in the West, China is not at all in a difficult position thanks to its...
