Homeless Friend posted:

drat whoever made this wanted to gently caress mao

quote:

Just two years ago, Yang Huiyan was the mysterious majority stakeholder of a sprawling real estate empire worth billions of dollars.

But in a stunning reversal of fortune triggered by China's ongoing property woes, she is now locked in a desperate battle to prevent the collapse of the company founded by her father, Yang Guoqiang.

quote:

Its woes could be a sign that the heiress has lost some of her political clout, expert suggest.

"I think she once was very, very connected, could call up very senior officials and get different things done but I suspect that may not be the case so much anymore," Professor Shih said.

"Because if Country Garden still had that kind of political clout, none of this would have been necessary in the first place.

quote:

And while Ms Yang's fortune is declining, it's also under increasing scrutiny.

Earlier this month, the company announced Ms Yang had donated more than half her stake in the company — worth more than $US800 million — to a family charity.

The practice has become more common among China's super wealthy as a result of a Chinese Communist Party policy called "Common Prosperity".

While it is not clearly defined, the policy is generally understood to involve reducing the gap between China's elite and its poorest citizens.

"There's no tax distribution, there was actually no economic policies whatsoever to support Common Prosperity," explained Mr Collier.

"However, the ability to use that to grab money from the large capitalist firms is the key to it."

Some of China's major companies — including Ali Baba and a lot of big tech firms — have set up charities in recent years, he said.

"One gets a sense that basically the regime, including the provincial governors, are so desperate for money that they'll just go to whoever has it … [and] the government may simply say, 'Well, you know, we want that money' and they'll just take it," he said.

indigi posted:

that's an amazing post thanks. is there anywhere I can read more about the local government problems with fixing the problem around youth unemployment or why the central government isn't taking a leading role in this? maybe they're saving it for the next 5 year plan

Dante80 posted:

80%?

Votskomit posted:

Here's some data from 2019. Not sure how to do the sums for the new countries.

https://twitter.com/VuslatBayoglu/status/1694697254639042570

ModernMajorGeneral posted:

https://www.abc.net.au/news/2023-08-25/country-garden-heiress-has-fortune-cut-in-half/102758274

Yang Huiyan is Country Garden's billionaire heiress, but her fortune was just cut in half

ModernMajorGeneral posted:

https://www.abc.net.au/news/2023-08-25/country-garden-heiress-has-fortune-cut-in-half/102758274

Yang Huiyan is Country Garden's billionaire heiress, but her fortune was just cut in half

article posted:

Some of China's major companies — including Ali Baba and a lot of big tech firms — have set up charities in recent years, he said.

"One gets a sense that basically the regime, including the provincial governors, are so desperate for money that they'll just go to whoever has it … [and] the government may simply say, 'Well, you know, we want that money' and they'll just take it," he said.

stephenthinkpad posted:

https://twitter.com/NickMarsh6/status/1694313319568695689?s=20

https://twitter.com/The_Japan_News/status/1695063224780255516?s=20

This is gearing up to be a pretty big dispute. Let's see if other countries join the banning side or buying more Japanese seafood side. I have a feeling its going to be a drama in Korea.

stephenthinkpad posted:

https://twitter.com/NickMarsh6/status/1694313319568695689?s=20

https://twitter.com/The_Japan_News/status/1695063224780255516?s=20

This is gearing up to be a pretty big dispute. Let's see if other countries join the banning side or buying more Japanese seafood side. I have a feeling its going to be a drama in Korea.

genericnick posted:

I hope he makes an Obama Flint water type video.

stephenthinkpad posted:

https://twitter.com/NickMarsh6/status/1694313319568695689?s=20

https://twitter.com/The_Japan_News/status/1695063224780255516?s=20

This is gearing up to be a pretty big dispute. Let's see if other countries join the banning side or buying more Japanese seafood side. I have a feeling its going to be a drama in Korea.

quote:

What was unexpected was Seoul's move.

Korea and Japan have long been closest geographically but furthest apart in terms of national sentiment. So, Seoul's otherwise unthinkable act of consent must have been the proverbial "support of a thousand horses" for Tokyo. A simple endorsement did not suffice. The Yoon Suk Yeol administration made PR material to advertise the released water's safety using taxpayer money while attacking its political opponents as scaremongers. Little wonder Koreans ask whether theirs is a Korean or Japanese government. Greenpeace called it Tokyo's irresponsibility plus Seoul's abetment.

Yoon, who prioritizes trilateral cooperation, might have found it difficult to oppose what Japan decided and America supported. His shortsighted adherence to nuclear power generation could be another reason.

Still, Korea must have an independent voice on issues of global importance, like the environment and climate. As far as nuclear issues are concerned, Japan is becoming a world first, for the second time, by leaving a bad precedent of polluting the ocean with water tainted and originating from a nuclear disaster. Who can block similar attempts by others in the future? And why should Korea become an accomplice for this historic blunder?

quote:

Although some HD Hyundai officials explained that their cafeterias allow choices among a wide variety of foods other than seafood, similar controversies are expected at other companies, as the government and the ruling People Power Party (PPP) continue urging businesses to encourage seafood consumption by taking advantage of their cafeterias.

"The party and the government will support fishermen by continuously holding meetings with catering service providers," Rep. Sung Il-jong of the PPP said.

...

The Korean Confederation of Trade Unions suggested that workers are used by the government as "guinea pigs" to test the safety of seafood.

Against this backdrop, fears are also growing among parents over the possibility of school cafeterias following the suit. In response to concerns, the Ministry of Education said Friday that schools have served seafood that went through safety inspection.

ikanreed posted:

I seriously cannot support dumping nuclear waste into the ocean as a matter of principle, but this is definitely some dose-makes-the-poison poo poo.

They filtered the heavy metal long-lived radioactive materials from the water. These complaints are about a bit of heavy water, spread out over 40 years. Literally a drop in the ocean.

I can't really take China's side on this one

stephenthinkpad posted:

You can boil the radioactive water like US did to the three mile island water though, it's just more expensive.

I am okay with Japan paying the price in export because they want to cheap out on the filtering.

genericnick posted:

How's that supposed to help?

ikanreed posted:

I seriously cannot support dumping nuclear waste into the ocean as a matter of principle, but this is definitely some dose-makes-the-poison poo poo.

They filtered the heavy metal long-lived radioactive materials from the water. These complaints are about a bit of heavy water, spread out over 40 years. Literally a drop in the ocean.

I can't really take China's side on this one

Truga posted:

realtalk, water isn't really radioactive, it's the particles floating in it that are still still decaying, if you boil it off you get left with a radioactive sludge.

genericnick posted:

I thought this was about tritium?

gradenko_2000 posted:

crepeface posted:

i've seen a bunch of tweets arguing either way i have no idea which is correct

indigi posted:

that's an amazing post thanks. is there anywhere I can read more about the local government problems with fixing the problem around youth unemployment or why the central government isn't taking a leading role in this? maybe they're saving it for the next 5 year plan

Truga posted:

radioactive sludge.

R. Mute posted:

i don't know much about nuclear waste, but i do know capitalists. they're always going to go for the cheapest option and it's always going to have foreseeable "unforseen consequences".

genericnick posted:

How's that supposed to help?