China repositions government philosophyBefore, China was allowing some individuals to 'get rich firs

Aug 18, 2021
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China repositions government philosophy

Before, China was allowing some individuals to 'get rich first' with big companies, but now is shifting to 'proserity for all.'

It's expected the CCP will have more say in companies and companies will have to fall in line.

Xi recently said people should shun 'unreasonable' or 'excessive' income, and that the rich should 'give back to society more.'

This means lower education costs, caps on the commission ride share companies can take (done through transport ministry) to keep transportation costs lower, and higher wages for workers.

China is also going to do a 'consumer data' data privacy internet bill.

#China #Government #Politics #Xi
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<div><b>China repositions government philosophy</b></div><div><br></div><div>Before, China was allowing some individuals to 'get rich first' with big companies, but now is shifting to 'proserity for all.'</div><div><br></div><div>It's expected the CCP will have more say in companies and companies will have to fall in line. <br></div><div><br></div><div>Xi recently said people should shun 'unreasonable' or 'excessive' income, and that the rich should 'give back to society more.' <br></div><div><br></div><div>This means lower education costs, caps on the commission ride share companies can take (done through transport ministry) to keep transportation costs lower, and higher wages for workers.</div><div><br></div><div>China is also going to do a 'consumer data' data privacy internet bill.</div><div><br></div><div><a href="http://landandseajournal.com/post/hashtag/China"><a href="http://landandseajournal.com/post/hashtag/China">#China</a></a> <a href="http://landandseajournal.com/post/hashtag/Government"><a href="http://landandseajournal.com/post/hashtag/Government">#Government</a></a> <a href="http://landandseajournal.com/post/hashtag/Politics"><a href="http://landandseajournal.com/post/hashtag/Politics">#Politics</a></a> <a href="http://landandseajournal.com/post/hashtag/Xi"><a href="http://landandseajournal.com/post/hashtag/Xi">#Xi</a></a><br></div>
China repositions government philosophy

Before, China was allowing some individuals to 'get rich first' with big companies, but now is shifting to 'proserity for all.'

It's expected the CCP will have more say in companies and companies will have to fall in line.

Xi recently said people should shun 'unreasonable' or 'excessive' income, and that the rich should 'give back to society more.'

This means lower education costs, caps on the commission ride share companies can take (done through transport ministry) to keep transportation costs lower, and higher wages for workers.

China is also going to do a 'consumer data' data privacy internet bill.

#China #Government #Politics #Xi

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