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Hu Shuli, CEO of Caixin Media, Delivers Speech on Global Economic Uncertainty at Davos Forum in Switzerland

[Voice of Hope January 18, 2024](Comprehensive report by our reporter Li Hui) After “Caixin Weekly” crashed several times and Weibo was cleared, Hu Shuli, CEO of Caixin Media in mainland China, who was rumored to be flying around, appeared. Davos Forum in Switzerland and held a luncheon. Hu Shuli delivered a speech on “Coping with Global Economic Uncertainty”.

At noon local time on January 17, Caixin CEO’s private luncheon was held in Davos, Switzerland.

Hu Shuli said in his speech that the world economy is at a critical moment in 2024. The peace dividend is gradually disappearing, the global development path is encountering challenges, and technological innovation, multinational elections, and climate change have all brought new variables to economic recovery, which require all countries to actively respond. .

Guests from all walks of life included Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, Fong Zhangwen, Chairman of the Singapore Economic Development Board, Cha Meilun, Chairman of Hong Kong Exchanges and Clearing Limited, Adam Posen, Chairman of the Peterson Institute for International Economics, and Han, Global Chairman of the Boston Consulting Group. Paul Bockner, Chairman of South Africa’s Standard Bank Group, Norn Kurulek-Nienbez, and Hong Kong Exchanges and Clearing Co., Ltd.’s Co-Operating Director Chen Yiting and others.

Hu Shuli’s high-profile appearance at the Davos Forum surprised the outside world.

Since November last year, Caixin Weekly has continued to push forward, publishing articles such as “New breakthroughs are urgently needed for reform”, “Revisiting the ideological line of seeking truth from facts”, “There will be a farewell in 2023”, “The death of suspect Sun Renze”, etc. . Although these articles did not last long, they still had a certain impact on the Xi Jinping government in the eyes of the outside world.

Coincidentally, in addition to Caixin Weekly, China Business News has recently published articles such as “The best promise is to let go and delegate power” and “Migrant workers waiting on the roadside in the early morning.”

Financial media have become China’s “tower-rushers.”

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Zhang Tianliang, a professor at Feitian University and the blogger of “Dawn Hour” on the Clean World Channel, believes that the reason why Caixin frequently crashes the tower is because of its own survival issues. He analyzed that China’s economy continues to deteriorate and is about to fall into deflation. Under debt pressure, everyone is deleveraging. Coupled with the deterioration of the diplomatic environment, it will undoubtedly make China’s economy worse.

“When Xi Jinping fails to fight for the economy, he will inevitably resort to political movements. Didn’t Mao Zedong fail in his economic Great Leap Forward? In the end, he launched political movements and resorted to the Cultural Revolution. So I think China’s economy is getting better and better now. At a bad time, the reform and opening up factions, including people like Hu Shuli, feel the danger is approaching, that is, Xi Jinping may return to a more authoritarian path in politics. In that case, their media will also die.

Presumably, China Business Network rushed to the tower for this reason. After all, “the duck in the spring river is a prophet”.

Hu Shuli also said in his speech: “China itself is changing, and the specific relationship between China and the global structure and between major actors is also continuing to change. However, continuing to be a partner and walking with the world, It is still the most rational choice for all of China, whether it is the people or the government, and I believe it will also be the choice of the majority of people.”

According to Reuters, at noon on the 16th, the previous day, Li Qiang also held a private lunch at the Davos Forum. Guests at the meeting included: JPMorgan Chase CEO Dimon, Bank of America CEO Moy Brian Moynihan, Standard Chartered Group (02888) CEO Wen Tuosi, private equity fund Blackstone CEO Steve Schwarzman and other financial and business leaders, as well as Central Bank Governor Pan Gongsheng and other CCP representatives group members. There are 140 members of the CCP delegation traveling to Davos with Li Qiang this time, including 10 ministers with economic backgrounds.

Voice of America quoted Bremer as saying: The Chinese (CCP) want to talk directly with a group of foreign direct investors who think China is not suitable for investment and prefer to enter India, Vietnam and Mexico. “The Chinese realize they need to suck it up and make their (foreign investors’) lives easier.”

China’s economic development directly threatens the legitimacy and security of the CCP’s governance.

Jiang Weiping, the former director of the Northeast Office of Hong Kong’s “Wen Wei Po” who lives in Canada, believes that Hu Shuli’s trip was to work as a waiter and shoe shine for Li Qiang, Premier of the State Council of the Communist Party of China.

The most important means used by the CCP to rule the people is deception. Maintaining large-scale broadcasts to China to continuously convey the truth is to continue to inject hope into China. Voice of Hope sincerely invites you to work together with us.welcomeClickLearn more.

Editor in charge: Lin Li

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2024-01-18 10:55:14
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