The dark hour has arrived! Xi Jinping has placed almost all famous Chinese entrepreneurs under exit bans.

Hu Liren analyzed in the program that Xi Jinping did not bring any famous Chinese entrepreneurs with him on this visit to the United States. The root cause is that Chinese private entrepreneurs have now been almost comprehensively subjected to border controls, effectively reduced to hostages. Over the past few decades, the overseas investments and reverse acquisitions made by Chinese private enterprises have become targets controlled by the authorities, and the fates of entrepreneurs such as Jack Ma and Xu Jiayin are epitome of this reality. As the economy continues to deteriorate and the political shift deepens, the authorities are using methods such as detention and lawsuits to further swallow up private enterprises, and a major upheaval and purge is about to unfold in full swing.

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Hello, audience friends! Let's talk about another topic. When Xi Jinping came to the United States this time, there was one thing that caught outsiders completely by surprise. However, if you know the inside story and are very familiar with current Chinese politics, you would know that this was actually expected and anticipated. Why? At that time, Xi Jinping's special plane landed.

His plane is very large, very large, and can seat many people. Of course, a section of it is reserved for himself or some senior CCP officials. But this plane can actually seat many people. At that time, many American media outlets and the government were guessing whether Xi Jinping would bring many famous Chinese entrepreneurs with him this time. This is convention; generally, when heads of state make state visits, they often bring some entrepreneurs, just like.

Some time ago, when Trump went to China, he would bring many people like Jensen Huang, Elon Musk, right? Cook, these people would all be brought along—globally top entrepreneurs. Moreover, some of these entrepreneurs represent companies that have ties with China, and you see they would all be brought along to put up a front, right? Secondly, just as a gesture, right? Everyone exchanges pleasantries to prove that there are still some economic ties between us, still some business to do, right? And still some operations.

Look at Xi Jinping; did he bring any entrepreneurs with this time? This completely defied what everyone was guessing in the months leading up to Xi Jinping's arrival—guessing which people would be brought, for example, bringing Lei Jun, or some other famous Chinese entrepreneurs, right? Even some tech companies, as there are now many such tech companies, tech companies from Hangzhou, right? Some data science tech companies, right? People from certain internet companies and those with business ties to the US, right? Ah.

Hmm, or maybe there is some technological cooperation. Ah, look at whether Xi Jinping brought anyone this time? Not at all. He didn't bring a single entrepreneur, just the two of them, husband and wife. This includes Wang Yi by his side, and this, uh, this Cai, uh, what is his name, Cai Qi? Look at the two of them, just like eunuchs, standing aside unable to even get a word in, right? What is this? This is a phenomenon. What does it mean when we say this is a phenomenon? It means that Chinese entrepreneurs are currently almost all subjected to exit bans. Everyone who knows me knows that I used to work in economics, I used to work in finance, and I am familiar with many Chinese entrepreneurs.

I am familiar with many of them, and many are very good friends. Ah, but now these people can no longer come out; they can no longer come out. Have you seen anyone photographing these famous Chinese entrepreneurs abroad anymore? No, these people have already been placed under exit bans, being used as hostages, being used as hostages. These people are often like this: because these famous entrepreneurs themselves have some assets overseas. In the past, more than ten or twenty years ago, the Chinese government actually encouraged investments overseas.

For example, Fuyao Glass, right? This boss, this Fujian boss, what was his name again, Cao Dewang? He has a factory in the United States, right? So they would take US dollars and come to the US to invest. Ah, he once spoke, he once spoke on CCTV, saying things like: "Doing business in China for me is different from doing business in the United States. Doing business in the United States, you see, labor is relatively high, but other costs are very low, right? I would rather do business in the United States, I would rather invest in the United States." Actually, this also touches a nerve with the Chinese Communist Party (CCP).

Back then, more than twenty years ago, there were many Chinese enterprises going out to reverse-acquire some global companies, some companies, some famous companies. These companies at that time, perhaps because they had been operating for a long time, some enterprises encountered some problems—financial problems, market problems, or technological bottlenecks. At that time, these enterprises had brands, but their...

Uh, issues arose in other aspects, so their valuations dropped. At that time, many Chinese enterprises had money, and because Chinese enterprises have manufacturing capabilities but lacked brands and markets, under such circumstances, when Chinese enterprises had very good financial conditions at the time, their financing capabilities were very strong. They took money to reverse-acquire these brands, and then integrated them, right?

Including myself, I—I—I once mentioned there is a company called Volvo, a Volvo company, a Swedish company, a car company, which was acquired. At that time, Volvo was a top-tier brand globally, on the same level as BMW and Mercedes-Benz, truly on the same level back then.

Ah, this brand, but because this Swedish brand gradually shrank over time. However, in the 1970s and 1980s, the company was extremely popular, and later because it shrank, its valuation became relatively low. Later, it was directly reverse-acquired by a very mediocre enterprise called Geely—Geely enterprise is Li Shufu's enterprise—which fully acquired it, spending billions or tens of billions of US dollars, I specifically forgot, and took it over. Now this enterprise has become this...

This is just a brand under China's Geely. Of course, such things are very numerous, but—but now, because these Chinese entrepreneurs have previously acquired some enterprises overseas, they have a portion of their money and investments overseas. Now, these entrepreneurs cannot come out; they are not allowed to come out.

Why are they not allowed to come out? Furthermore, they tightly control your entire family, your entire family, just like the boss of Evergrande. The boss of Evergrande later became a hostage, meaning he himself, including Evergrande's two sons—Xu Jiayin's two sons—were later also sentenced. What Xi Jinping is doing now is precisely this set of tactics, exactly the same as what Mao did back then, exactly the same as Mao. After placing exit bans on them, what are they made to do? Now, due to the political shift, the economy—the CCP's economy—is getting worse and worse. Under such circumstances, he is killing the goose that lays the golden eggs; he doesn't even want the mother hen anymore.

He just killed the chickens, just killed the chickens. Moreover, for Xi Jinping, killing these old hens—these famous old hens—is politically useful to him. He believes that if these entrepreneurs were to transition into political figures in the future, it would pose a very serious challenge to the entire system of the Chinese Communist Party (CCP).

Because these entrepreneurs have proven with their own abilities that they are capable, that they can step onto the political stage step by step, just like Trump in the United States. Look at Trump, he himself is an entrepreneur, right? Ah, after he later entered politics, he was very successful; this is a very good paradigm, right? A very typical and great example. So Chinese people also have such thoughts. You see, celebrity politicians like Trump are not necessarily just born out of traditional political circles; many so-called politicians used to be masters of commerce.

So Chinese people will also have such thoughts. Look, as I have said before, when I was still in China, after 2000 and a few years later, Alibaba went public. After going public, it instantly acquired a massive amount of capital, and then it continuously penetrated into the interior of the CCP, right? This allowed it to firmly control China's finance—the vast majority of finance, so to speak. Jack Ma later became the richest man in China; in fact, he controlled a large portion of China's finance.

I have said before that later on, the funds mobilized by this Jack Ma amounted to hundreds of billions or even trillions of yuan. So how were hundreds of billions or trillions of yuan mobilized? It was through the pipeline of his Alipay at the time, a platform that interfaced with the networks and gateways of various banks across all of China. This made it so that he was connected to the network gateways of the entire banking system, meaning the banks could directly deal with him.

That is to say, bank funds would continuously flow into his platform, making him instantly extremely wealthy. Everyone should not think that he just ran Alibaba and Taobao and suddenly acquired that much money. Not at all, not at all. Under such circumstances, later on, many ordinary people across China revered him as if he were a god.

Of course, this person's ability is definitely strong, but half the nature of his company was actually related to people inside the CCP and high-ranking CCP officials. What Xi Jinping fears most are precisely these people. Once people like this enter the CCP system and take charge of China's economy, the Party might collapse instantly, completely collapse. Therefore, what Xi Jinping wanted to do later—why my predictions about Xi Jinping's actions have always been successful—is because I knew that Xi Jinping had completely...

He felt the crisis of the CCP, which was that the state won by his father's generation of people was going to be ruined by these people engaged in economics and enterprise. At that time, he wanted to find a way to deal with people, to deal with people. He wanted to firmly control the Communist Party, transforming a weak party into a strong party. Once it became a strong party, his primary target would be these entrepreneurs. These entrepreneurs were bound to face misfortune, bound to misfortune. Later, after I came out in 2018, throughout 2019, I kept predicting that the CCP was going to strike at these entrepreneurs.

Ah, and subsequently, continuously, these, these, these actions of his were actually targeted at these enterprises, targeted at these enterprises. Right now, Alibaba and Jack Ma no longer have much to do with each other. Look at Pony Ma now; in fact, Tencent has nothing to do with Pony Ma either. The Communist Party has already infiltrated it, and much of Pony Ma's equity structure has nothing to do with him anymore.

He no longer has, he fundamentally has no way to control these enterprises. As for Xu Jiayin, of course, his assets were instantly seized, and he was directly sent to prison! Look at Vanke, it's also finished; Sunac is finished as well. How many Chinese enterprises are finished, right? These enterprises, including Xiaomi—you'll see Lei Jun finish in a while too, and companies like Xiaomi in the future. The Communist Party did one thing, uh, uh—Xi Jinping did something about ten years ago, which was to set up Party branches.

He demanded that Party branches be established in all private enterprises. That move was actually very powerful. It was a signal sent at that time that he was going to act like Mao, that he was going to become a dictator, and that the Communist Party was baring its fangs once again. I have once said that the Communist Party is baring its fangs once again, starting to bite frantically and tear apart those...

As for entrepreneurs, those entrepreneurs are finished. Look at the entrepreneurs today; bosses in Shanghai used to pass through the square, but look at them now, they are billions in debt, right? Including Liu Yonghao, whom I mentioned a couple of days ago, right? Liu Yonghao now also has over 80 billion, right? Who is operating all these operations? In fact, it is the Chinese Communist Party (CCP) that is operating them, and the CCP's operation is targeted at these entrepreneurs. The entire CCP is also studying their businesses; the CCP branch is right there, in their place.

Right? The CCP's people have long since entered; the CCP knows their equity structure and some of the internal situations of their enterprises like the back of their hand. So, this is the current situation. Look at whether Xi Jinping brought any entrepreneurs with him this time? He didn't bring any entrepreneurs. Do you know why he didn't bring any entrepreneurs? These entrepreneurs are all under exit bans now. If he had brought them, these entrepreneurs would really have escaped, because if they aren't staying with him, you have no way to completely control them, you don't know for sure. If an entrepreneur came and suddenly escaped.

Escaped, and after escaping, immediately filed for political asylum here, right? Announced their departure from the CCP and sought political asylum, because they still have assets overseas, they can still survive. They don't want their assets in China anymore, I'll just give them to you. Saving one's life is the most important thing, and the impact would be huge. The entrepreneurs Xi Jinping brought with him ran away, and ran away in Washington, USA, asking the US government for protection, right? Under these circumstances, Xi Jinping would have no face left, so this time Xi Jinping simply didn't bring any, didn't bring a single one; they are all under exit bans.

Ah, this is the current situation in China, so, this time when Xi Jinping goes back, these Chinese entrepreneurs will start to be dealt with one by one. Actually, this has already started. On September 15th, the customs regulation that was implemented, that is, the entry and exit regulation, is actually targeted at the wealthy; it has nothing to do with ordinary people. It has nothing to do with you ordinary people, unless you are someone who often curses the CCP online, right? You retired workers, if you say I want to go to Thailand for a bit, they welcome you to go, go ahead, it doesn't matter. How much do you have? Even if you get to Thailand, you can't run away. You people don't have money, ordinary people only have money for tourism, where would you get the money? You wouldn't be able to survive in American society either. To survive here in American society like us, you need at least five or six thousand dollars a month in expenses; if you want to go out, ordinary people can't afford it. Only those who are relatively wealthy can stay here. Right? To survive here, ah, 100,000 or 200,000 US dollars a year, they can easily take it out, right? This America, America is different from China; if you buy a house, you still have to pay property tax every year, right? For you ordinary people, it's very hard to bear, very hard to bear, there are many, right? Those people, entrepreneurs are different, entrepreneurs are different.

So now Xi Jinping is using exit bans to trap these people inside, and then letting local governments deal with them one by one. How much money do you have overseas? Why is the CCP coming after you? Actually, it's very simple. It's just like the public-private partnerships back then, running campaigns like the Three-Antis and Five-Antis, or cracking down on tax evasion and whatnot. They just need to catch you on one little thing. You made so much money, but did you pay your taxes here? These people actually all have original sins; they all have original sins. You just find any original sin, and the CCP operates like this immediately. What you're experiencing now is called "liuzhi" (detention). For you entrepreneurs, as long as you step through the door of the CCP, the door of the CCP's police, once you go in, you can't come out. They won't sentence you; they just put you in liuzhi, which is like throwing you in prison and locking you in a solitary confinement cell. While you're locked up, doesn't your business still need to run? You usually have to sign documents and take care of things, right? Many of your bank accounts and operations require your signature. If the CCP doesn't let you sign, what happens? Your business collapses in an instant, just collapses in an instant. Even if your business is currently operating healthily, all your suppliers and business partners—both upstream and downstream—will see that the boss has been arrested and assume something terrible has happened. Well, who's going to do business with you then? Right away, a massive wave of accounts receivable, accounts payable, and all sorts of issues starts pouring in. Once that happens, your business naturally collapses, and your stock price goes to hell and collapses too. Once the stock price collapses—let me give you an example—suppose you previously used your equity as collateral for a bank loan when your stock was worth 100 yuan. Once the boss is arrested, your stock price instantly drops to 20 yuan. A huge amount of wealth is wiped out, and you're finished. Then the bank comes after you to collect the debt? There you go, your once-fine business—what is the CCP really doing? No, the CCP is actually destroying you, making sure you go down, making sure you are ruined. And once you are ruined, your business is still there and you can't run away; your equipment is still there and you can't run away; your factory buildings are still there and you can't run away. So what happens to these businesses? They get annexed and swallowed up by the state and local governments. In the future, your private and entrepreneurial businesses will become state-owned enterprises. Once the bank comes after you with legal recourse, there you go, your business belongs to the bank. A few months later, when you finally get out, you have no money left, you're completely ruined, and you are left as poor as a church mouse. You might even be heavily in debt, and then they slap you with restrictions on high-end consumption, right? And then they hand you a few lawsuits, and you're done for. Once you get involved with the bank and they pursue legal action, lawsuits are bound to follow, right? You'll have civil lawsuits piling up against you! Once you're tied up in lawsuits and legal cases, you won't be able to leave the country at all. Even if they let you go home, you still won't be able to leave the country. This is the exact method Xi Jinping is using right now—trapping you to death in the end, and finishing you off.

Right? At that time, I was saying, I said that since 2000, the Chinese Communist Party (CCP) has been at it. They used the pandemic as an excuse to control the common people and keep them at home. Many people said, "That's impossible, fifteen days of lockdown at most will be enough. If you lock down for longer, what will happen to the Chinese economy?" I told them, "You people are too naive. You don't understand the nature of the CCP at all, its essence." When Xi Jinping locked down Shanghai for fifteen days, do you know what I did? When Shanghai was about to be locked down for fifteen days, I sent a message to my family, all my friends, and even posted it on my social media. I said, "Prepare at least three to six months' worth of food. This time, the CCP is locking down the city not just to stop the spread of the pandemic, but most importantly, to ruin the economy. They want to crush your economy, make you poor, and make all your money evaporate. It is malicious. Xi Jinping is malicious; he wants to disrupt the entire national economy. And what is his ultimate goal? It is for political purposes." Many people couldn't believe it, couldn't understand it. You couldn't understand it. I think this kind of understanding is something only the descendants of "monsters and demons" like us can grasp. The CCP is about to make its move. It is about to make its move; the sky is about to change. No one—well, at that time, no one else was warning everyone, but I was. Now look, what level have enterprises reached? The good enterprises in China—these enterprises are usually relatively decent in their industries—might still be able to survive, but 50% to 60% of enterprises are already finished. Just look at how many people are unemployed, and you will know how serious the corporate crisis is now, right? Some time ago, Lujiazui—Lujiazui is the benchmark of China's economy; the world's top companies are all located there. I am very familiar with these places. I have many friends who hold positions of power there, many are big compradors, CEOs of international companies based there, or chief representatives of companies based there. I have many friends there, and these people don't even have jobs now. Many have already fled overseas. Many independent media creators go there to film, and if you look, there is no one in these big buildings at night. The skyscrapers are full of lights, but these are just neon lights. It is completely different from the scene of prosperity back then, where people worked day and night. These enterprises are finished, so the Chinese economy is bound to collapse. The Chinese economy is supported by these enterprises; these are the leading enterprises. They are finished! You tell me, what else is there? Is there still a Chinese economy? So, there is no Chinese economy anymore. Now it is just killing the goose that lays the golden eggs. It is killing the goose that lays the golden eggs. So, the appearance you see now—look at what you see now—did Xi Jinping bring any Chinese entrepreneurs with him on this trip to the United States? Look at which Chinese entrepreneur came with him. None. None? Why not? Because they are afraid of Chinese entrepreneurs fleeing. Now, many officials are fleeing, and many entrepreneurs are fleeing. The new regulations on entry and exit management issued on September 15th are aimed at wealthy and influential people. They are aimed at controlling these people, fearing that they will flee with their capital. Now that a lot of capital is overseas, if they arrest the people, they can get the money. Which company are you in? Which company in the Cayman Islands is yours? Where do you have shares? What do you have? How much money do you have overseas? Once they arrest you, that money can be brought back.

Right? These bosses are thinking: if I lose my life, what does this money have to do with me? It has nothing to do with me. How about this: spare my life. The taste of being in prison is extremely hard to bear. Look, if ordinary people make you go in—not even talking about locking you up for a few years, just locking you up for a month, putting you in solitary confinement, shoving you into a few square meters and locking you inside. Just think, the Chinese Communist Party will torture you; to make you bring the money back, they will torture you. Ah, stripping you of your humanity, treating you when you were once living a perfectly fine human life. You yourself were an entrepreneur, living a completely fine life. Do you know why I escaped? It was because at the time I wanted to—I wanted to, I, I, I wanted to go lodge a complaint, right? Those evil officials in the localities said, "If you come to complain again, we will arrest you." Later, after I came back, I talked with some of my friends in Shanghai, friends who are officials. At the time when I came out, it was actually them who advised me. When I speak these words today, it was they who advised me and told me this. They said, "You must never become a petitioner in China. If you become a petitioner! I'm telling you, then your whole life is ruined, you are finished. Your fine image will be completely gone, and day after day they'll drag you in to sit in prison for a few months, and then drag you in again to sit in prison for a few months. You won't even have any way to make your voice heard. The Chinese Communist Party simply does not treat people—does not treat these people as human beings. Once dragged in, they don't treat you as a human, they will never treat you as a human. You don't even have freedom, what kind of personal dignity do you still have? Not a single shred of normal personal dignity is left! The Chinese Communist Party can do whatever it wants to you under these circumstances." Quite a few of my friends are CCP officials, you see—Shanghai officials, and they told me: "Leaving is the only way out, there is no other choice." At that time, I thought to myself, oh dear, this sky is about to change, this country has rotted to this extent, ordinary people—you ordinary people simply have no idea. Actually, when my case came out, before I had gotten out, I really had no idea. I actually thought, ah, the Chinese Communist Party has laws, it can still listen to reason. Therefore, Chinese people need to—everyone must remember, in China, when you encounter something like what happened to me, do you know what? This is God's favor to me. God's favor to me. If you turn around and think about it, suppose I was still kept in the dark, being fooled by the Chinese Communist Party and not even knowing it—you wouldn't even know it, and suddenly you wake up. Oh, so I realize the Chinese Communist Party is evil. Our own family was persecuted by landlords and capitalists for so many years, yet we never expected that the Chinese Communist Party would paint such a beautiful picture—a wolf in sheep's clothing, and what does it ultimately want to do? It wants to devour you, in the end it wants to devour you, right?

Ah, and many—look, look, many persecuted people are like this. They are all beaten awake, just like how many Chinese people are waking up now, young people waking up. Why are they waking up? It is because Xi Jinping's pandemic lockdowns locked them down, and in the end the entire country's economy collapsed. Some of these people—originally these people still had such ideals, saying, "Wow, I want to serve my country." Many people have these kinds of sentiments, you know? They were fooled by the Chinese Communist Party; of course, even without the Communist Party, it is normal for them to still have these patriotic sentiments. But these sentiments later on, once they were tortured and whipped by the Chinese Communist Party, suddenly woke them up, suddenly woke them up. Therefore, we should still thank Xi Jinping, still thank Xi Jinping. Without the lockdowns, without all these things, without him messing up the economy like this, many Chinese people would die without ever understanding how evil the Communist Party is. Look at yesterday, the day before yesterday, and the day before that—these past three days, at this—uh, yesterday and the day before, the people protesting in Washington—actually, these people all woke up after the pandemic. If they hadn't woken up, suppose there hadn't been a pandemic, these people would still be kept in the dark, still kept in the dark.

Ah! Chinese entrepreneurs nowadays who didn't run away at that time—I was already calling on them to run, run, run back in 2018, and I kept calling for it throughout 2019. Now they aren't running anymore. Now look, Xi Jinping coming back this time, coming back this time, is starting to deal with things on a massive scale; the real major political campaign might just begin from Xi Jinping's return this time. Look, before he came back out, he held a meeting of the Standing Committee of the Political Bureau, which made things very clear, and began intra-party purges, intra-party purges! Once you have intra-party purges, it's actually the Cultural Revolution, it's the Cultural Revolution. Great national turmoil is about to start, it's going to be chaotic, it's going to be chaotic, and ordinary people won't even have food to eat in the future. See that? Real entrepreneurs, Chinese enterprises—later on when the China economy got better, it all relied on these private entrepreneurs. These private entrepreneurs are finished, they, they already—their personal safety cannot even be guaranteed. You still count on Chinese enterprises? Some people are still daydreaming, still daydreaming that housing prices will go up, still, still waiting to see if housing prices will go up. Housing prices, as long as the CCP is around, housing prices will never go up, never go up. Ordinary people, the CCP will definitely make all ordinary Chinese people lose the ability to cash out, make you poor, make you poorer and poorer. The CCP has no bottom line; poor to the point of starving to death, you, you, you, you have no way out, you can only endure. If you dare to rebel, it will arrest you. That's what the CCP is.

Well, this topic is very, very heartbreaking. Look, many people in business have done it for several generations, some for two generations, and even some for three generations. Starting to do it from the 1980s, some, some Chinese entrepreneurs from the 1980s are quite old, some are already 70 to 80 years old. I've met some friends, some friends I know are in their seventies or eighties, and some even have the second generation already finished, with the third generation starting to inherit. These enterprises are all finished. Well, thank you all for watching, and see you in the next program.