China’s New Goal of Achieving Common Prosperity Creates New Business Opportunities
In 2021, “common prosperity” has become one of the most embraced concepts in China’s economic circles. To achieve the goal of common prosperity, as reiterated by the authorities, we must first make the “cake” bigger and better through the joint efforts of the people of the whole country, and then cut the “cake” well through reasonable institutional arrangements. This is going to be a long historical process.
There is no doubt that these changes will create new business opportunities. The Chinese government is determined to take the achievement of common prosperity as one of its major economic development goals in the coming decades. Investors considering opportunities in this context will find that many industries will usher in transformation, and there will also be new room for growth in these industries. Investors need to take advantage of those investment opportunities and follow the trend of the country’s development orientation. According to surveys conducted by reporters from Caijing, all kinds of capital have been deployed in emerging branches and subdivisions of the consumer market.
Gun Violence in the United States Casts Shadow on Overseas Students’ Minds
On January 1, 2022, the Chicago Police Department released latest statistics concerning serious crimes. The city had 797 murders and 3561 shootings in last year. Chicago has nearly 300 more murders than other cities with high crime rates, making it the city with the highest crime rate in the United States.
For Chinese students studying in the United States and their parents, 2021 is also a year of worry and fear. The victims of these illegal guns were not only Chinese students studying abroad, but also the Chicago police on duty. Frequent shootings have led to the unspoken rejection of African Americans among Asians, but the irony is that African Americans account for the biggest proportion of gunshot victims. Although the number of shootings has repeatedly hit new highs, some political figures on the right have passed laws at the federal and local levels in order to please white voters, and have repeatedly expanded the rights of American citizens to own guns. These shooting incidents reflect many social problems in the United States in the midst of the raging pandemic.
Xie Zhikun’s Sudden Death Raises Concerns Over ZhongZhi’s Future
At the end of 2021, Xie Zhikun, the founder and controlling shareholder of Zhongzhi Enterprise Group, died suddenly at the age of 61. Liu Yang, Chairman of Zhongrong Trust, took Xie’s place and presided over the work of Zhongzhi Group. Liu Yang’s another identity is Xie Zhikun’s nephew. Zhongzhi is one of the capital factions that have emerged in the Chinese capital market in recent years. Zhongzhi has multiple financial licenses for trust, insurance, funds and futures. It currently controls at least 9 A-share listed companies and one Hong Kong-listed company, meanwhile most of these companies’ market values are quite modest. This is largely due to the operation mode of Zhongzhi.
In the past 20 years, Xie Zhikun and his agents, through explicit or implicit related parties, have built a capital empire. Its portfolio covers a wide range of businesses. After Xie Zhikun passed away, Liu Yang, his successor, walked to the front of the stage. Nowadays, facing so many uncertainties, the focus of public concern is how Zhongzhi is going to resolve the risks it faces.
Lasting Epidemic Threatens the Livelihood of People Working in Tourism Industry
In the past year, people who make living in tourism industry have thought countless times that the most difficult time is coming to an end. However, the unexpected breakout of local epidemics has shattered their hopes repeatedly.
The pandemic which has lasted for nearly two years, has dealt a heavy and continuous blow to the tourism industry. The livelihoods of many companies and practitioners have become a severe problem. In the face of difficulties, some people switch to selling insurance and fruits, while others stick to their dreams. Some who have invested a lot in this industry are still stubbornly waiting for a turnaround while in the same time, the whole industry is quietly upgrading.
