On Might 21, 2021, Shenzhen Public Safety Bureau made a case report on three P2P (peer-to-peer) lending platforms, Excellent Treasure, RJS Funding, and Xitou.com, accusing them of fraud. Xitou.com attracted particular consideration among the many three platforms as a result of its proprietor, Huang Sheng, is understood for his pro-Chinese language communist social gathering (CCP) and anti-American views. Netizens summarized the technique he took to lift investments as defaming America to draw followers. It’s alleged that he has defrauded greater than 5,000 individuals of greater than $93 million.
‘Defaming America’ to Earn Followers
Huang registered a lot of social media accounts on platforms corresponding to WeChat and Weibo to unfold his anti-America views. His WeChat account “fenghuangshan” had been posting articles each day, typically twice a day, till his P2P fraud was uncovered by native authorities on Might 21.
A attribute of Huang’s anti-American articles was the usage of clickbait phrases, corresponding to “inventory market doomsday,” “bloodshed,” and “the downfall of the world.” Judging from these headlines alone, america market has supposedly collapsed 13 occasions in 17 days. He attracts viewers to make anti-American remarks.
Huang’s articles had been extremely touted by the regime’s mouthpiece. In 2020, when the world held the regime accountable for the virus coverup, Huang revealed an article in March headlined “Rightfully, the world owes China a thanks.” It was thought to be a valuable asset by state-run media shops, corresponding to Xinhua Information Company, which extensively trumpeted and forwarded the propaganda.
Provided that the CCP virus, generally often known as the novel coronavirus, has precipitated a worldwide disaster, those that are rational ought to probe into the reason for the worldwide unfold of the virus which originated from Wuhan.
Huang’s Simple Goal: Regime Believers
Objectively talking, Huang’s fraud comes simply. His conduct of “illegally taking public deposits” focused a choose group, the so-called patriots who really feel affection for the regime. Why are they focused? As a result of they’re simply deceived. Offered that they imagine within the lies of the CCP, they are often simply fooled by Huang’s fallacies. It’s a matter of being rational.
Conversely, those that can see the evil nature of the CCP, particularly, those that denounce the CCP won’t fall for the lure.
If persons are not rational, they should endure the results, which means they’re duped. Huang claimed that earlier than founding Xitou.com in 2014, he was the primary individual to monetize followers. What does that imply?
It means Huang attracted followers with articles corresponding to “The world owes China a thanks” or “The collapse of America” and persuaded them to speculate on Xitou.com, which is equal to turning followers into money. That is how his monetization of followers works.
Huang’s gimmick relied on a loophole that these followers believed the CCP may surpass America. In reality, it’s the CCP that impedes the Chinese language financial system from overtaking that of america. The event of the Chinese language financial system lies within the fruit of Chinese language individuals’s onerous work, endeavor, and knowledge. So long as the aforesaid nature of the Chinese language stays unchanged, the Chinese language financial system will proceed to advance.
However, the CCP’s system renders the Chinese language hopeless and stops them from striving onerous in life. This certainly jeopardizes the Chinese language financial system essentially the most and is a grief for the Chinese language.
Just lately, there was a rising phenomenon of “lying flat” in China, which signifies that folks don’t need to work onerous. The quantity of people that undertake the mendacity down motion has not been huge sufficient to pose a menace to the Chinese language financial system for now, however there’s a chance of harmfulness.
Whether or not america collapses or not is a matter for Individuals. For the Chinese language, solely when the CCP collapses will the Chinese language usher in model new alternatives and hopes. With the trouble the Chinese language put in, the Chinese language financial system will prosper in the end.
Zhao Pei is a Chinese language information commentator from Canada. He additionally often shares his inside tales of China in his program, Micro Information.
Views expressed on this article are the opinions of the creator and don’t essentially mirror the views of The Epoch Instances.