It Is A Fact That Chinese Wages Are Rising.

At the end of last week's Davos forum, Soros, the world financial predator, put forward the viewpoint that "hard landing of China's economy is inevitable".

For this reason, he has been a consultant to the former people's Bank of China for many years in Davos forum, and director of China and world economic research center, Tsinghua University.

Soros's view is "totally unrealistic".

Soros holds a press conference every year in Davos, taking himself as the core. This time he invited the former mayor of New York, presided over by Bloomberg.

Then there is a dinner party, he will mention a lot of ideas and problems.

This time, many people have not asked China, but he took the initiative to talk about his views.

Second background:

It is a macro hedge. In recent years, he has been somewhat divorced from the latest developments in China's economy.

Because of his old age and limited energy, what he said this time is totally unrealistic.

This view is certainly not reliable.

His biggest mistake is that he did not realize that the pformation of China's economic structure has begun and profound changes have taken place.

He said the story is "ten years ago", it is not the present matter.

Employment in China is not a big problem now.

Many sectors, many industries are actually not enough labor force, so he said that the government should subsidize the production of enterprises is actually the opposite, the government should help these enterprises to withdraw.

He did not see that the current form of employment was exactly the opposite of what it used to be.

Not enough.

Second, although exports were slightly negative growth and negative one percent last year, the trade surplus was rising. Last year to 600 billion US dollars, it was the highest in history. It is seven percent and eighty higher than that of 390 billion in 2007. In this case, the Chinese people are going to depreciate. Is this not a fire in the world? How can it be done? So the problem of depreciation is not a topic at all. This is a misreading of China's economy.

Therefore, he said that China should protect jobs, reduce prices and subsidize production to bring about global deflation. He did not see the published data himself, and could not say that China had no pparency.

So on this issue, Soros can not use China's economic opacity as an excuse, but he himself ignores and ignores himself. He has not done his homework.

Soros is an old friend of mine for many years, and I respect him very much. I used to see him every year, but if he did so this time, he would lose money.

I worry about him as a friend.

His managers often come to me, and I communicate with them. If we invest in this concept this time, we will lose blood and lose our investment.