Xi Jinping to Begin a Comprehensive Purge of Private Assets After Closing China's Borders on September 15. "Real China"
Hu Liren analyzed in the program that the recent tightening of exit regulations issued by the CCP marks a further closing of the country's borders, which is a "beating the dog after closing the door" tactic targeting ordinary people and the property-owning class. He pointed out that after undergoing intra-party revolution, Xi Jinping will carry out an even more ultra-Cultural Revolution-style purge of the entire society, eliminating the property-owning class and intellectual elites, and calling on the propertied class to seize the opportunity to leave China.
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Hello everyone! I just made a video today and explained to you all that today, uh, July 31st, the CCP issued regulations regarding going abroad—essentially closing the country's borders, or rather tightening them up, tightening them up! When I talk about the closing of the country's borders, it is actually becoming more and more restricted. When you say the borders are closed, the Communist Party doesn't really want or agree to a total border closure. Even during Mao's era, people went abroad, but who went abroad? It was the officials of the Communist Party. I once mentioned that there were a lot of people going abroad in the 1970s.
Ah, they were all officials of the Communist Party, all of them. Oh, how could ordinary people go abroad? The earliest people to go abroad actually went to France in large numbers. Back then, around the 1970s, oh, the number of people going to France was huge, and the French president at the time, uh...
What was his name, Pompidou? That person, right. He came to China back then, and after coming to China, later on, exchanges with China began. Afterwards, following the establishment of diplomatic relations between China and France, there were many of these, uh, children of CCP officials, including their illegitimate children. I once mentioned that I had a friend in Shanghai.
Later on, in the 1980s and 1990s, he went to Shanghai. There was a hotel called the Yingbin Hotel; people from Shanghai all know about the Xijiao Guest House. Heading out from Hongqiao in Shanghai, you first reach the Yingbin Hotel, and then further west to the Xijiao Guest House. Actually, these roads are not that long, not very far at all. People used to think the road was very long because back then Chinese people didn't have cars; they just rode bicycles, or walked, so it felt long. Driving there probably took just a few minutes. Now there are overpass highways, it's very fast, ah, you can get there in five or three minutes.
At that time, the Yingbin Hotel in Shanghai had many of these—it specifically hosted these, uh, ministerial-level officials from the central government. The Shanghai Yingbin Hotel—so, you know, people, things happen by such a coincidence; this world is full of coincidences. Right around the late 1980s and 1990s, I had a friend who graduated from a tourism vocational school. After graduation, ah, this young man was very handsome, and right at that time he happened to be assigned to work there. Then this person, he was quite smart, and within a few years there, he became a small leader inside.
The relationships inside were very good, and there were many older sisters who all liked him, and he was also very handsome. After he got in at that time, he later became a leader. After he became a leader, a few years later, I chatted with him. During the chat, he mentioned the state guesthouse at that time. He said that some of the old staff members inside, some of them had gone to France. I asked him then, I said, why did they go to France? He said that at that time, many of these central ministerial-level officials of the Chinese Communist Party (CCP) were actually in Shanghai. They were said to be waitresses, but they were actually mistresses, just mistresses. At that time, the Communist Party didn't make mistresses public. So, these ministerial-level officials, when they said they were people from their ministries coming to Shanghai on business, right? They would stay there and keep those waitresses, and later they turned them into mistresses. Those waitresses later gave birth to illegitimate children themselves.
They gave birth to illegitimate children, so what could they do? There was no way to explain it. At that time, there was no way to register their household residency (hukou), and these young women hadn't married yet, none of them had married. So what happened later? They sent them to France, taking them and their illegitimate children to France. These illegitimate children grew up. The stories I'm telling are all things from the 1970s. This is what my friend told me at the time, and I have always remembered this matter. Oh, then I knew that the state guesthouse was originally such a place.
Actually, the closing of the national borders is only closing them to the common people. What does it close to CCP officials? They go wherever they want to go. As long as they can get a visa, as long as that country has diplomatic relations with China, it is very easy for them to get a visa, right? Ah, so now Xi Jinping has introduced such laws and regulations, which is actually tightening more and more. After it tightens more and more, I think that in China, after a period of time, after September 15th, you will see fewer and fewer people going abroad.
Many people are being intercepted by customs, and once intercepted, they won't let you out. So, what is Xi Jinping doing this for? There is a term in Chinese called "shutting the door to catch the dog," called "shutting the door to catch the dog," which is to trap these people like turtles in a jar. "Shutting the door to catch the dog" is just like this. How bad is Xi Jinping? These people simply cannot run away.
They simply cannot run away. A few years ago, they could still run, but in the last few years, there have been more and more restrictions. Actually, those who have run away now, those who have left China, are all people with relatively good economic foundations. This is one thing, and the second is that they are people with independent thoughts. So after these people came out, almost all of them are anti-CCP, so the power of the anti-CCP movement overseas is very strong, very large. People like me are anti-CCP, openly coming out to oppose the CCP.
Some people are still hiding there, writing articles or doing other things, and they are actually resisting in secret. Now Xi Jinping is afraid of this, so he is closing the national borders, waiting for these people, waiting for these people. Well, a couple of days ago, Xi Jinping already admitted to an "intra-party revolution." Everyone remembers, right? I said a few years ago that there was an intra-party Cultural Revolution, an intra-party Cultural Revolution, right? I meant something similar to the Cultural Revolution. In the last two days, many articles from Xinhua News Agency have mentioned this.
"Intra-party revolution," just those four words. Intra-party revolution. In the last two days, Xi Jinping has been holding this Politburo meeting, and he also mentioned this term. He said that we had an intra-party revolution some time ago, which means that the so-called intra-party revolution of the Party is to vigorously purge these people within the Party.
Dissidents, that is the intra-party revolution, right? So where is this revolution going now? It is going to fall into the hands of the common people. Some time ago, there was a regulation that came out, I remember it was aimed at society. I once made a video saying that Xi Jinping was going to take action against the entire society, to take action and clean it up. The intensity of this cleanup will be...
It might exceed the Cultural Revolution. Many people might not believe this. It's already very intense like the Cultural Revolution, but I tell you, it will far exceed the Cultural Revolution. Many people will lose their heads, because there are many people now who are anti-Xi and anti-CCP. It's not because I want to surpass anyone, but because he wants to completely purge these anti-Xi and anti-CCP forces, all of these people.
Everything must be cleared out. What form does this clearing take? It takes the form of revolution, the form of revolution. Ah, the Chinese Communist Party (CCP) is always like this; all its movements are in the name of revolution, killing in the name of revolution, looting in the name of revolution, arresting in the name of revolution, persecuting in the name of revolution, it is all revolution. This time, it is also in the name of revolution, using the name of revolution to close the national borders and loot assets.
That is why I saw through what Xi Jinping wants to do a long time ago. What he wants to do is, first of all, exactly the same as what Mao did: first, to completely eliminate the property-owning class. Completely eliminating the property-owning class is one thing. Second, to kill all intellectual elites and those with independent thought, to wipe them all out, just like the Anti-Rightist Campaign back then.
Ah, after a while, perhaps after the borders are closed, these intellectuals will no longer be able to run away. Everyone running away now will probably have to go through political screening. It used to be called political vetting; in the past, people going abroad had to go through political screening. Ah, only if you passed the political screening were you qualified. Just think, back in the 1980s—actually quite recent, the 1980s. You see, we had many intellectuals in China who left China in the 1980s. In fact, before leaving China, everyone had to go through political screening.
Not only political screening, but you also had to get vaccinated. In Shanghai, there used to be a place called Hami Road where they specifically administered these, administered these vaccines. You had to get vaccinated before you could go abroad. All kinds of vaccines, because back then they were terrified that you might bring this virus to other countries. Later on, it seemed they stopped doing that, later on they stopped, later on they stopped, ah.
So these things are all actions that Xi Jinping and the Communist Party must take, ah. Xi Jinping is now building his Xi Dynasty. Given this situation, just think, if you look at the future of China, it is modeled after, modeled after this, after North Korea. Whatever they are like, that is what we will be like in the future.
This is why, if you compare North Korea and South Korea, the North and the South, you will know that the difference is as vast as heaven and earth, a difference as vast as heaven and earth. In the future, China will also have a difference as vast as heaven and earth compared to other countries. In the past, when Chinese people later became wealthy, they looked down on Southeast Asia, thinking Southeast Asian countries were... Actually, Southeast Asian countries were very prosperous back then. Truly, sometimes I joke with them, back then, just think, in the 1970s and 1980s, how prosperous Southeast Asia was, right? Look at Hong Kong, Hong Kong—many funds in Hong Kong actually came back from Southeast Asia.
In the past, people went down to Nanyang (Southeast Asia), and Nanyang was very prosperous; everyone went down to Nanyang. Have you ever heard of people from Nanyang coming to China to make money? No, everyone went to Nanyang, went down to Nanyang to make a living, and lived very prosperously there, ah. The entire society there was relatively stable, so much so that later on, after many people went there, the Communist Party wanted to subvert things there, which eventually resulted in anti-Chinese movements—those in Hong Kong... In fact, during the anti-Chinese movements in Southeast Asia, many people returned to Hong Kong bringing their assets with them, which suddenly gave Hong Kong a massive amount of...
A massive amount of... Of course, that anti-Chinese sentiment in Southeast Asia wasn't just a one-time event; it happened multiple times. So many people could no longer stay in Southeast Asia, feeling it was dangerous and risky, and many ethnic Chinese were even killed there. With nowhere else to go, Chinese people are very pitiful; having nowhere to go, they later fled to Hong Kong. But at that time, the British in Hong Kong accepted a large number of these Nanyang refugees. In fact, these refugees were wealthy people rather than genuine refugees. Just like when they accepted refugees from the mainland in the past, refugees who went from China—were these people refugees at all? They were wealthy to begin with; they fled political persecution and ran to Hong Kong.
Right? Just like... just like Tung Chee-hwa's family was like that back then. Later on, Tung Chee-hwa... look at this person, ah... later on, he still followed the Communist Party, still followed the Communist Party, right? Helping the Communist Party do things. Therefore, ah, after Xi Jinping closes the national borders, this time—after closing the borders this time, everyone must remember, this is a very big deal.
Otherwise, if he hadn't taken action, he wouldn't have issued such a decree. Because such regulations and laws concerning customs and import-export controls have always existed. If you want to make minor changes, it is very simple, just modify them slightly. Why suddenly introduce a whole new set of regulations for going abroad? Why? Just think, current politics are tightening up, so his national borders will definitely tighten up as well.
If you look at the shows I made last year and in previous years, you will know. I have always been saying that you, especially business owners and wealthy people, are now facing the robbers of the Chinese Communist Party. You have no other way to go. There are only two paths: either you fight back, or you can beat them, right? You don't have firearms, ammunition, or armed forces; you simply cannot beat them, so your only option is to figure out a way to run.
Ah, in a few years, ah, in a few years, across the whole of China, all private enterprises will cease to exist in the future. It is impossible for private enterprises to exist. When private enterprises no longer exist, do you think the entire Chinese economy will be good? Well, the entire Chinese economy will definitely collapse. After the entire Chinese economy collapses, do you think real estate will be good? So there are still people dreaming that China's real estate will still be good, will rebound, will rebound, and will rebound. I will tell you what kind of rebound it will be, you know?
How will it rebound? When, ah, the RMB, ah, turns into Korean Won, Japanese Yen, or Vietnamese Dong, reaching that kind of exchange value, then it will rebound. You will feel, wow, now you buy a house in Japan, in Tokyo, for 100 million Yen. Actually, 100 million Yen is not that much money in RMB, right? But the number you hear is 100 million Yen. Now in Shanghai, for example, a house currently costs 10 million, and in the future, it will cost 100 million, a tenfold increase—that is currency devaluation, currency devaluation. You will feel that the currency has depreciated, so it is valuable.
After the national borders are closed in the future, ah, in the future, Xi Jinping is still doing one thing now, which is that for the people, if you go to exchange foreign currency now, it is very difficult, increasingly difficult. You simply cannot exchange it; he will control you. The Chinese Communist Party is like this. Even though, for example, there is a quota of 50,000 per person per year, if you go to exchange it, you just cannot get it. Um, going abroad in the future will be like this: he will make you write down a reason—what reason do you have to go out? If there is no reason, you cannot go out. If you say you want to travel, then you won't be allowed to go out.
He can play with it, he can control it at will, and he can control it at will. Moreover, controlling you is very simple—what is it? There is a virus, so you cannot go out. Now Xi Jinping already has this set of tactics. Look at this period of time, COVID-19, COVID-19 has already started coming back again; the virus, the virus has come back again. As long as he suddenly stirs up an illness across the whole of China, creates a virus, alright, the national borders will be closed. This is exactly the same as the lockdowns back then, exactly like the lockdowns.
This time, after September 15, a large number of Chinese people, the property-owning class, have no way to go abroad. Having no way to go abroad, the Chinese Communist Party began to cook the frog in warm water, slowly, it won't suddenly come at you with this whole set of moves. But, you see, it's like this: local governments have a list; the top 100 richest people in your locality begin to be cleared out, one by one, they go in and have a talk with you.
Someone goes in, talks about conditions, and then makes you confess yourself: what kind of things have you done? Then you say, for people who run businesses, well, the various kinds of money involved, black money, there is simply too much of it, especially for those in traditional industries. Doing tech industries is still slightly better, but for traditional industries, you build factories and buy land, right? You deal with the tax bureau and the local government, right? Does your local government not have an environmental protection bureau? You have all these black funds, and these black funds are your crimes, your list of crimes, and you get pinned down.
At any time and anywhere, they can arrest you and put you in prison. If they don't arrest you and put you in prison, there is one way: you hand over your assets. You hand over your assets, which is exactly the same as the so-called joint state-private ownership back then, exactly the same. So this whole set of things by Xi Jinping is what Mao used. And there are still people, foolishly, who haven't realized it up to now. Perhaps these people, let's look at this time, that is, the entry and exit, that is, the regulations on personnel going abroad, everyone go and take a look. If you look at this stuff and still think it has nothing to do with you, then you are really, you are just too naive.
If you think it has nothing to do with the vast majority of Chinese people, why would they even need to issue this stuff and make a regulation? It has very detailed rules, and every single rule is telling you, Chinese people, you cannot go abroad, you cannot go abroad, you cannot go abroad.
This has a huge impact on China and the Chinese people. Xi Jinping is even already considering—considering what? Considering the future, because once he has bad relations with the West and the economy collapses, what does he face? He faces the severance of diplomatic relations, meaning a large number of other countries breaking off diplomatic ties with the Chinese Communist Party and turning back to establish ties with the Republic of China.
Establishing diplomatic relations, that is the current situation in the United States, right? Look at Han Kuo-yu from the Legislative Yuan, bringing a whole group of people to the United States. Now, regarding Taiwan's diplomacy, I made a video last year saying that this year would be a breakout year for Taiwan's diplomacy, meaning what I call 'CCP decline, Taiwan rise.' The CCP's diplomatic influence across the world is greatly diminishing, while Taiwan's diplomacy is constantly climbing. As it climbs to a certain level, it grows larger and larger, and this gap continues to widen. Eventually, it will lead to a gradual severance of diplomatic ties. What else can China provide? Besides exporting evil and exporting dictatorship, what will you do in the future? For example, look at now.
Now, Trump has blocked China's oil, you see, Trump has blocked China's oil. That is one thing. Second, many minerals, perhaps, this is the second step Trump intends to take, starting to block China's minerals. The CCP will be constantly 'choked' in the future, with no path left to take.
Remember this, the West and China have already entered a state of war. This war is an economic war. It has not yet reached the state of a hot war, but it is already on the verge of one, right? Otherwise, they wouldn't have sailed their aircraft carriers directly into your South China Sea, right? If they had no intention toward you, why sail into the South China Sea? Right? To demonstrate against you, to show you their power. In fact, it is telling you: if you dare to move, I will fight you, right? It is already in a state of hot war.
So, I still hold to my old saying, I advise you, while you are in the country, really. So, I have always said, I tell you, honestly, my broadcasting level is not that high. If you ask me to speak like those professional broadcasters, I am not in that line of work myself, right? But what I tell you are all essential points.
I am talking about the essence. As long as you listen to a few sentences, you will understand. Just like when I was doing my program before, I said in 2018 and 2019 that China's housing prices would fall by more than 35%. Who believed it? Nobody believed it; they thought you, Hu Liren, were just bragging. Oh, let me tell you, when I said that, when I said that.
Many of my classmates came—I stopped contacting many of my classmates. Later, I realized that after I contacted them, it wasn't good for them either, right? Later, my classmates overseas saw me saying these things, expressing these opinions. I was writing on Twitter at the time. They copied my text, my Twitter posts, and circulated them among our classmates, saying that China's housing prices would fall by 35% within 3 to 5 years. That is how I wrote it at the time, okay.
There was a very good classmate, several very good classmates, who sent the post, my tweet, directly to me. We were very close when we were young. He said: 'Hu Liren, how can you express such opinions overseas? Our entire Chinese economy is so good, are you cursing the Chinese economy? Ah, our Shanghai real estate in China is going to fall by 35%? How is that possible? Are you smearing China? Deliberately smearing China?' I said, facts will eventually answer you, and will prove whether what I said is right or wrong.
A few years later, not many years. I said this in 2019, 2018, 2019, and I publicly expressed these opinions on Twitter. At that time, I had about—my followers were about 20,000 to 30,000, I remember. Okay, then suddenly.
Overall housing prices in Shanghai have now fallen by more than 35%, already 40%, and they are still slowly declining every year, right? The entire Chinese housing market, the entire Chinese housing market, has fallen severely. Shanghai is still a relatively resilient place, right? A relatively resilient place because it is an immigrant city, with a large number of people migrating there, so it has this rigid demand. There are many places that are cities of population outflow, and those have fallen severely. You see, many places have already fallen by 60% or 70%.
Right? So, I don't have any grand theories; I am just telling you, based on my experience, because I worked in China for decades, I know China very well, and I have so many people in China. My circle—I didn't really have any contact with ordinary people in China before; the people I was in contact with were entrepreneurs and officials.
Economists are all these kinds of people, right? Financial experts are all these kinds of people. During holidays and festivals, everyone gets together, and the people we socialize with are also these kinds of people. Normally, there is no, um, no contact with ordinary people in society, I can put it that way, no contact with ordinary people in society, meaning just my classmates and these people.
Well, then look at how far it has fallen now, all these people have completely turned mute, right? Over the past 3 to 5 years, how could they possibly believe what I said back then? Just like in recent years, I have been saying that China's national borders are going to be closed, and Xi Jinping is tightening his grip more and more. You exchanged foreign currency, at that time you exchanged foreign currency, I sold my house and exchanged foreign currency, at that time foreign currency was very easy to exchange, right? My assets could be moved out freely, at that time you just had to use your brain a little and they came out. Now you go take a look, if you want, if you want to leave, if you want to take your assets.
Convert to RMB, clear the funds, and then you want to escape, go take a look again, you simply cannot get out, simply cannot get out. With constant restrictions and red tape, once this policy tightens, it chokes you, strangles you, and makes it impossible for you to get out at all. It is getting tighter and tighter now, right? Now someone like me, say if you run a business and want to leave China, he simply will not let you leave; he knows you have assets and he will strangle you.
He doesn't need any reason, he doesn't need to give you a reason, the reason goes like this: go back first, just go back first, follow the whole procedure again, go ask at your local police station to see what your situation actually is. He won't let you out, you can't get into customs, you can't even get to the boarding gate, right? Then how do you, how do you go abroad? You have no way, no way to go abroad. So this is, this is China as it is right now. It is just like in 1949, back in 1949 when Mao came, now Xi has come, which basically means the devil has come.
Rolling out a policy like this, its ultimate behind-the-scenes goal is to finish you off, to take your money, and turn all of you into destitution. I can tell everyone, in a few years, if Xi Jinping does not fall from power, if he suppresses these princelings and military second-generation elites, wipes them all out, and turns this into the Xi family dynasty, then this country.
A few years from now, don't talk about having 10 million or 20 million in your hands; these people will be thoroughly overthrown, all assets confiscated by the state, all real estate turned into true immobile property that you simply cannot sell. Even if you have 10 apartments you won't be able to sell them. Eventually, he will launch a few political campaigns to make you obediently hand over your 10 properties to the CCP. This is not, this is not, I am not, this is not.
This is not to scare these Chinese people, these Chinese people inside the country, the Cultural Revolution is right before our eyes. During the Cultural Revolution, how many ordinary Chinese people ultimately obediently handed over their assets? Because if you didn't hand over your assets, they would torture you to death. You would end up on the cutting edge of every single political campaign, right on the cutting edge of every single political campaign.
This is the true face of the CCP. What the CCP ultimately wants to do is, supposing Xi Jinping doesn't step down this time, around August 20-something, or by the end of August—wait, either the end of August, or he is currently surviving a hurdle, and then there is the 21st National Congress. Supposing he manages to drag it out to the 21st National Congress, until next October, until next October. Supposing he doesn't step down, then I think this country will definitely turn into this state.
So, run quickly, run quickly, run quickly! Those with money should run as fast as possible. The RMB in the future will be, as they say, completely worthless, completely worthless. If you keep saving money now, banks are useless; if you go and buy things now, saying you'll buy a house, it's also useless, completely useless. A single political campaign will leave you penniless, reduced to utter ruin.
Alright, Xi Jinping is closing the borders, everyone remember, what follows is catching turtles in a jar, catching turtles in a jar. He will purge everyone, just like current Chinese Communist Party members inside the CCP—all party members' household registers, all passports are currently confiscated by the CCP and kept by them. If you want to go abroad, you have to submit an application, you can't just leave as you please. In the future, this—this has reached where? Teachers in all colleges and universities are like this, and even middle school teachers are like this now.
Hey, doctors are like this too. As long as you eat the CCP's food, and in the future private enterprises disappear, you will have to eat the CCP's food, meaning the food of state-owned enterprises. Once you enter a state-owned enterprise, your passport will be confiscated in the future, and in the future passports might cease to exist altogether. When you go to renew your passport—you have a passport now, it has a validity period, 5 years, 10 years, however many years?—by that time, if you aren't going abroad, what do you need a passport for? He refuses to give you a passport, why would he give you a passport, right? In the past, did Chinese people have passports? They didn't have passports.
Alright, a major disaster has struck once again, once again! Alright, let's leave this topic here. Thank you all for watching. I hope, I truly hope, that the property-owning class inside China—all those years of hard work you put in, your hard work and wisdom being superior to others, working so hard to finally become property owners—these funds and this money have already been targeted by the Chinese Communist Party and the Xi family, targeted by the Xi family. Why does the Xi family want your money? Actually, it's for political needs. In the future, I will tell everyone why they want your money. Under the rule of the Chinese Communist Party, the common people must absolutely not be allowed to own property. This is because if the common people own property under the CCP's rule, their minds will become clear. Why does the dictatorship of the CCP want to close the country's borders? Because once the borders are opened, everyone's minds become clear, and everyone knows what the world is really like.
Right? Just like North Korea today, North Korea still thinks people all over the world are starving to death, and only they get to drink meat soup. This was the same during North Korea's Mao era, and it was the same with the education we received when we were little. It's all lies, deceiving you to death, generation after generation of deception. Alright, thank you for watching, until our next episode.