This is DESTROYING Companies in China

The Chinese government is embracing private companies –
so it can keep them closer to the Communist Party.
Welcome to China Uncensored.
I’m Shelley Zhang, filling in for Chris Chappell,
who’s off fulfilling his lifelong dream of skiing down Mount Everest
while being chased by Himalayn wolves.
But what’s really keeping Chris going, other than the wolves,
is knowing that Operation Honey Pot is
dedicated to fighting YouTube’s suppression of China Uncensored.
So, remember to watch to the end of this episode, and leave a honey pot comment below.
Chris is counting on all of us.
For all you business owners out there, if you want to take your commercial success to the next level,
then China is the place for you.
Yessiree, no ifs, ands, or buts about it.
After all, China’s second in command, Li Qiang,
has repeatedly said that China is open for business.
Don’t believe him? Just ask the state-run media.
The extension of Xi’s spirit, otherwise known as The Global Times,
calls China a ‘development oasis’ for global businesses,
while the Communist Party’s official outlet, People’s Daily,
assures readers China works hard to ensure fair competition for all market players.
Yes, competition will be fair. Every business will have arbitrary crackdowns…
equally!
Last month, a much-applauded Chinese law intended to promote private enterprise took effect.
It defines the legal status of private enterprises
and affirms that private sector development is a long-term national goal,
and, most importantly, it’s sure to boost growth and confidence,
at least according to the Global Times.
And it’s perfect timing! Because growth and
confidence are desperately needed in today’s China.
They’re about as grown and confident as
the guy in that song “I Wish I Was a Little Bit Taller”.
Me too, Skee-Lo.
Me, too.
So Chinese consumer confidence has been closing in on an all-time low in the past year,
and even though China’s official growth numbers have stayed high,
there has been a growing focus on all the issues in
the economy that the official figures don’t show.
China’s growth figures are about as trustworthy as guys on dating sites saying they’re six feet tall.