Hu Liren: Xi Jinping Instructs Xinhua News Agency to Send a Strong Signal, a Large-Scale Movement to Loot Private Enterprises is About to Begin.

In this video, Hu Liren comments on Xinhua News Agency's renewed praise of the “Three Great Transformations” and public‑private partnership, pointing out that the article uses the Fu‑Xin flour mill founded by brothers Rong Zongjing and Rong Desheng as an example, packaging the CCP’s historical seizure of private capital as a “profound social transformation.” Hu Liren argues that public‑private partnership was essentially a nationwide plunder of national industry and private enterprises by the CCP, and that this version of history was effectively repudiated after Deng Xiaoping’s reform and opening. The video further judges that Xi Jinping’s current revival and praise of public‑private partnership is not a simple historical review, but a political justification for a new round of state‑led expansion, private‑sector retreat, private‑enterprise purges, and asset redistribution.

Alright, hello everyone.

Let’s discuss another topic. Today Xinhua has published a very important article titled “Great Journey: The Three Great Transformations, an Unprecedented Profound Social Transformation.”

First, a teaser. The CCP’s shamelessness truly knows no limits.

What does “no limits” mean? A bad person does a bad deed, usually hides and finds excuses, preferably without being discovered. But the CCP is completely different. It commits countless atrocities and continuously boasts and glorifies them.

What is this article about? It talks about a Suzhou River in Shanghai, along which there was a Shanghai flour mill. What was the flour mill formerly called? Fu‑Xin Flour Mill.

Who owned Fu‑Xin Flour Mill? The Rong family. The previous generation of the Rong family was Rong Zongjing, along with his brother Rong Desheng, both from Wuxi. They founded the Rong family business and Fu‑Xin Flour Mill.

At that time, Fu‑Xin Flour Mill was one of the largest flour mills in China, supplying the entire East China region and many southern areas. It may not have supplied the north, but many southern regions got their flour from there.

How coincidental? My grandfather was the general manager of that mill. So my father once told me about it.

Fu‑Xin Flour Mill was seized by the CCP during the public‑private partnership period. Today Xinhua’s article glorifies this, praising the CCP’s seizure of the mill and claiming that the public‑private partnership was correct. It portrays the nationwide seizure of private enterprises and capital as a righteous social transformation.

You see Xi Jinping now praising this again.

You can read the article. Along the Suzhou River, the Fu‑Xin Flour Mill founded by the Rong brothers eventually became the Communist Party’s Shanghai flour mill.

This process continued into the 1950s, with a landmark year around 1956. However, earlier it involved many actions: arrests, closures of many private owners.

That’s how the CCP operates.

I’ll explain the whole Shanghai public‑private partnership situation, which also involves my family. My maternal grandfather had a business in Shanghai, which was later taken over by public‑private partnership, and he later joined the Federation of Industry and Commerce.

In the early 1950s, the CCP began a campaign: tax investigations. They inspected taxes on old enterprises and shops. Previously you had no relation to the Communist Party—why would they tax you? They claimed tax evasion and began arresting owners as examples.

Those who resisted the Party were sent to Ti‑lan‑qiao Prison. Some even committed suicide. Many Shanghai owners took their own lives.

The most famous fried‑bun (shengjian) shop owner jumped from his shop on Huaihai Road. He fell from the fourth floor, was half‑dead, taken to a hospital, and died.

Think of how many sins the Party has committed. It robbed all private capital in China; every shop became state‑owned, belonging to the Party. Ordinary people had no shops. If you raised chickens and sold eggs, it was labeled speculation.

At that time, all private transactions were banned; everything became state transactions, Party transactions. This is a tragic and evil chapter of Communist Party history.

Xi Jinping actually had Xinhua journalists write an article praising this, glorifying the actions that crippled the Chinese economy.

During Mao’s era, the planned economy ultimately eliminated all private and individual enterprises and their owners. Everyone knows what China became afterward.

Deng Xiaoping reversed this. He encouraged private enterprises and private capital, gradually rebuilding the Chinese economy. In other words, China’s current massive trade volume is largely thanks to private enterprises.

You see how badly Xi Jinping’s grandson has gone. He suddenly published an article—what is his aim?

I have said years ago that Xi’s path is “state advances, private retreats.” This is the road he must take, opposite to Deng’s. He wants to eliminate all private enterprises.

Where is Xi now? Previously, he would accuse people of corruption, bribery, tax evasion, and imprison private‑enterprise owners, sometimes under anti‑corruption pretexts.

Now Xi does the opposite. A few days ago, Cai Qi held a Party‑building work conference that made it clear: if you are politically unfit, you will be eliminated. Those officials are removed.

Today Xi suddenly released this article praising the public‑private partnership of the past. Why does he glorify it?

Public‑private partnership was already completely repudiated in Deng’s era and returned to a private economy. A thriving private sector benefits the nation, the people, and the global economy.

Xi claims China’s contribution to the world economy comes from private capital. Now he wants to wipe it out.

To do that, he needs a justification—“social transformation.” He wants to launch a genuine movement.

Xi is doing two things now.

First, he eliminates all officials he deems necessary, using political or ideological labels, similar to the Yan’an Rectification Movement. If your ideological line is “wrong,” you are removed, regardless of corruption.

Second, previously, Chinese entrepreneurs were arrested for bribery or tax evasion. But if someone operates legally, does not bribe, and does not evade taxes, how can they be arrested?

He creates a movement called “social transformation.”

He believes that seizing private enterprises under the banner of social transformation is correct. He now elevates the evil event of public‑private partnership to a high level, praising it just as he praised the Yan’an Rectification Movement a few days ago.

I have spoken about the Yan’an Rectification Movement: many people lost their heads. Later, Deng Xiaoping and Hu Yaobang helped rehabilitate many. The movement involved about 200,000 cadres, killing nearly 10,000, with many more purged; around 50 cadres committed suicide in prison.

Think how evil that is. Many of those people deserved it, having fled to the so‑called revolutionary sanctuary of Yan’an, only to be crushed by the Party.

Now Xi’s goal is a massive robbery of all private enterprises, defining it as a necessary national era transformation.

Xinhua writes clearly: “An unprecedented profound social transformation.”

Look at that phrase—an unprecedented profound social transformation. That is exactly what Xi is doing. All his actions require a foundation, and the lower ranks need that foundation too.

What foundation? That is the foundation.

Society is to be transformed; private and private enterprises will be eliminated. This is a societal need, an era need, a transformation need. It is unstoppable. When you are forced to hand over power, you will.

It is simple: just cancel your business registration, and the enterprise is no longer yours.

Do you know what Rong Zongjing was at the time? He was Shanghai’s, indeed China’s, largest private entrepreneur. His descendant Rong Yiren later became Vice President of the State. When Deng began reforms, he sent Rong Yiren to Hong Kong to set up CITIC. CITIC was originally founded by Rong Yiren. His son Rong Zhijian later became a billionaire.

This is a history—a very evil history of Party robbery. Deng repudiated it. Now Xi revives it and begins to glorify it.

Why does he glorify this evil history? Because he wants to eliminate all private enterprises. He intends a nationwide robbery of private businesses, wiping out the entire private economy. This is what Xi is currently doing.

The matter.

In the future, people like Jack Ma won't need to deal with any complex stuff with you; they'll just take your company outright. The reason is: social transformation must be done this way. Will you comply? If you don't, they'll send you to prison.

What does the government use now? It uses state machinery, political power, and guns to do these things.

Therefore, all private enterprise owners in China need to pay attention. Look at this article. Since the reform and opening-up, I have never seen such blatant praise of public‑private partnership, praising the Communist Party's massive robbery of private capital back then.

This banner has sent a very strong signal. In other words, from now on, the Communist Party will claim your enterprise in the name of "reform." You must hand it over.

Next, what I have called the Xi family dynasty.

First, politically he absolutely will not allow any rivals. He will purge everyone whose political views or ideas differ from his and eliminate them.

Second, he wants to eliminate all large private capital. I am talking about large private capital. If you run a small shop, he may temporarily ignore you because you don't cause a stir; you just eat. But if you grow big, trouble will follow.

The Communist Party is like that. The catastrophe of 1949 and the 1950s was to kill people's pigs, sheep, and cattle. After everything was slaughtered, there was nothing left to eat. When Deng Xiaoping came to power, he said everyone should raise pigs. So every household started raising pigs, pig farms were built, and the pigs grew larger. Xi Jinping came, started killing again, even slaughtering breeding pigs.

This again confirms a statement I made more than 20 years ago: in China, any investment on land under Communist Party jurisdiction is called venture capital.

This is also what I have been saying since I went abroad: all investments in China are venture capital. Why? Because you are always at risk of being robbed. Your money is not yours.

So now private enterprise owners should try to dispose of their businesses as soon as possible and stop operating. If you keep going, the end result will be like Rong Zongjing or Rong Desheng.

Fuxin Flour Mill—my grandfather was once the general manager of Fuxin Flour Mill. He lived on Xikang Road. The mill was on Jiangning Road near Jiangning Bridge, a place where boats could dock. In the past, transport was done by boat. Wheat was brought in, screened, processed, and turned into flour, bag after bag, then shipped out. Wheat becomes flour—that's how it worked.

That is exactly what Xi Jinping is doing now. Everyone needs to be alert. Xi is moving down this path.

For example, if you need to dispose of a company, it may be difficult, but if you have equity, try to sell it off.

Another point: for those who trade stocks, it is now best to liquidate completely in China. I have always said, I have called many people to quit the stock market and sell their houses. Think about it—now the stock market is falling, housing prices are falling. I escaped at the peak. That is the fact.

Therefore, in today's video I warn again: Chinese private enterprises are doomed. Xi is so evil that even Xinhua News Agency published an article calling it "an unprecedented profound social transformation." It describes how to seize Fuxin Flour Mill and turn it into a Shanghai flour mill.

That is what the Communist Party has done before. That matter has been completely negated. What Deng later did completely rejected that model. After the Cultural Revolution, many capitalists were confiscated, but later they received compensation. Some houses were even returned.

If your family had property confiscated at that time and you have a list, it will later be converted back into RMB. I recall roughly one gram of gold was converted to a few dozen yuan, less than a hundred yuan.

I have a friend whose grandfather was one of Shanghai's biggest printing owners before 1949, surnamed Feng. He did printing before 1949. He lived on Lujiawan Road in a two‑, three‑, or four‑story garden villa. The place was opposite the South City Government, directly across Lujiawan Road. The house was his private garden, with a rockery, pavilion, and towers.

During the Cultural Revolution, the house was confiscated and became state property. Their family was expelled. In the late 1970s and early 1980s, the government compensated them partially. How much? In the outer ring of Zhongshanhuan Road, there was a place called Overseas Chinese New Village; they were compensated with seven apartments—two‑bedroom, three‑bedroom units—about 60‑70 square meters each, totaling over 400 square meters, plus a large cash sum, roughly several hundred thousand yuan. Although the compensation was insufficient, a few hundred thousand yuan was a lot at the time.

Later their family bought shares of Aijian Co., a listed company set up by the Federation of Industry and Commerce. When Aijian was sold, they made a lot of money.

Think about it: Deng Xiaoping actually used real actions to reject public‑private partnership. Is that right? Xi is now glorifying public‑private partnership again, walking the old road.

The Yan’an Rectification Movement was rejected by Deng, and public‑private partnership was also rejected by Deng with facts. After reform and opening‑up, private economy was encouraged, allowing private enterprises to grow large.

Now Xi is completely going the opposite way. If we do not remove Xi, the whole country will fall into deeper disaster.

I am now thinking, and even predicting, that Xi's future tactics may be more ruthless than Mao's. His ruthlessness could exceed Mao's. Do you believe it? Because he is now absolutely wealthy. He wants to turn the country into his private property.

He finds it hard to acquire that much wealth directly, so he has only one method: killing. Xi may unleash a killing spree within the next few months.

This article is a guidebook for the Communist Party's robbery of private enterprises, a policy document. It can be understood that way. It already tells everyone: public‑private partnership was right back then, it should be done, and this is a great social transformation.

That is a total repudiation of Deng Xiaoping.

Now the shares of these private enterprises are in private hands and will eventually be forcibly taken. Read the article and you will see.

The article says that during the 1950s socialist transformation, many ethnic private enterprises took the path of public‑private partnership. Where is public‑private partnership? Does the Communist Party have a genuine public‑private partnership? Did Fuxin Flour Mill ever return to the Rong family? Everything became public ownership, total nationalization.

During the Cultural Revolution, the Rong family was looted and robbed. Rong Yiren was arrested, beaten, and tortured.

I once posted a photo. Rong Yiren's sister, Rong Shuren, was very close to my mother. At that time we were all in the Federation of Industry and Commerce. My mother played basketball there; they had a women's basketball team that won a championship in Shanghai. Rong Shuren was the team captain. That was in 1956 during the public‑private partnership period. I posted that photo.

These are history.

Now Xi is returning to the old road, dragging the whole country toward a dictator's abyss, toward the Mao era, toward a situation like present‑day North Korea.

If the Chinese people continue to be led by him, they will fall again into a "cattle and horse" era, even worse than that. Cattle and horse times may not even starve people, but back then 90 million people starved to death. That is history. Everyone must remember.

This is our family's situation. Today Xinhua reported this segment; everyone must watch it. This article is extremely important.

You see it even comes with a photo of the Suzhou River beside Fuxin Flour Mill. Look how evil the Communist Party is. It calls all this "an unprecedented profound social transformation."

Okay, that's the end of the topic.

From now on, if you still have assets in the country, you must flee quickly. Either the Communist Party continues, Xi continues, or Xi is removed. There are only two choices.

Thank you for watching, and see you in the next program.