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Former Chinese Vice Minister Wei Jianguo’s Controversial Statements on Foreign Investment and African Student Scholarships Sparks Public Outcry

Recently, in a speech, Wei Jianguo, the former vice minister of the Ministry of Commerce of the Communist Party of China, hoped that foreign investment would not “decouple and break the chain.” In his previous speech, he suggested that the government spend $60 billion to bring 100,000 African students to China, which caused controversy. (Video screenshot)

[The Epoch Times, December 24, 2023](Epoch Times reporter Li Jing reported) The Chinese Communist Party authorities have continued to crack down on the Internet industry in recent years, causing many foreign-funded companies to withdraw from China. Recently, Wei Jianguo, the former Vice Minister of the Ministry of Commerce of the Communist Party of China, warned foreign-funded enterprises that if they do not invest in building factories or making additional investments in China, “they will regret it in their intestines.” This statement was ridiculed by netizens.

When Wei Jianguo, former Vice Minister of the Ministry of Commerce of the Communist Party of China and Vice Chairman of the China Center for International Economic Exchanges, recently participated in the “Growing with China” multinational CEO forum in China Daily, he mentioned that China’s economic advantages are expected to continue to help China resist “decoupling and disconnection” “risk.

Wei Jianguo said that if an enterprise, especially a foreign-funded enterprise, does not foresee the opportunities brought by this (China’s huge) market and does not invest in building factories or make additional investments in this market, then “it will regret it in its intestines.”

(webpage Screenshot)

Wei Jianguo’s remarks sparked heated discussions among netizens after they were reported by the media.

Some netizens ridiculed: “Foreign investors who invest in China’s A-shares only regret it, right?” “I lost 10% in the stock market in a month, and I regret it!” “Today, 10% is a lot.” “Everyone who invests in China has a lot of regrets.” It’s cut in half, do you still have intestines?” “The market is defrauded every day with words!”

“I have the nerve to say this. Look at the outside world, and then look at yourself. If you try to deceive the market, the stock market is a joke.” “These newspapers are telling lies with their eyes open. They are still telling lies when the market data is placed in front of the world. They can only lose the people.” A sense of trust!”

Some netizens said: “If you continue to mess around like this, your own economy will collapse without anyone suppressing it. Who is responsible for the economy this time? Where are the policies and measures? Where are the effects? I really see the shadow of the late Qing Dynasty.”

Public information shows that Wei Jianguo has long served in the Ministry of Foreign Trade and Economic Cooperation, the predecessor of the Ministry of Commerce of the Communist Party of China, and reached the rank of deputy minister of the Ministry of Foreign Trade and Economic Cooperation. From 2003 to 2008, he served as Vice Minister of Commerce and member of the Party Leadership Group. In 2009, he served as Secretary-General of China International Economic Exchange Center and member of the Central Commission for Discipline Inspection. Currently, he is the Vice Chairman and Executive Deputy Director of China International Economic Exchange Center.

In April this year, Wei Jianguo said in his speech “Africa Will Be Unforgettable in This Lifetime” that we will give 50,000 Africans study abroad places and 50,000 further education places, introduce 1,000 outstanding African talents, and train 2,000 people who will come to China for exchanges. Students, all of this the Chinese government is going to spend $60 billion.

After the relevant video was exposed, it caused a public outcry. A self-media post said: “60 billion US dollars is equivalent to 1.3 billion people in our country. Each person has to spend 315 yuan to support African students! Now we still have more than 600 million people with a monthly income of less than 1,000 yuan. African students But you can enjoy an annual scholarship of 100,000 yuan, an independent apartment, complete facilities, and the treatment of our own students, which is very different!”

Editor in charge: Sun Yun#


#dont #invest #Chinas #intestines #regret #CCP #officials #remarks #ridiculed #Epoch #Times
2023-12-24 02:51:30

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