Xiang Songzuo

According to the Renmin University professor, data on corporate profits and tax revenues are negative. GDP growth data make no sense. The mistrust of private entrepreneurs grows, long-term investments are down, and state debt is up because of state enterprises. An economic reform is urgent. Here are Xiao Songzuo’s thoughts, censored on Chinese media.

According to government institutions, growth in 2018 was 1.67% or even negative. The stock market sinks and private and state companies go bankrupt. The speculative bubble of China is about to burst. The speech of prof. Xiang Songzuo, from Renmin University, who has been censored on the internet.