Good day, viewers. Welcome to “Qin Peng Observation”. Today is June 17th in the US East Coast time, and June 18th in Beijing, Hong Kong, and Taiwan time.
Today’s focus is on the state of Chinese consumption and economy. How tangled is it currently? Maotai liquor and high-end consumption collapsing, while the prices of the “poor man’s three treasures” are rising! The M1 inverting and accelerating decline, why is it causing panic for many?
Will there be a 30-year retrospective tax investigation? Many listed companies, e-commerce platforms, overseas income, and stock trading will face tax supplements. However, tax authorities from several provinces and cities have debunked rumors, stating there is currently no nationwide tax investigation plan.
Moving on to our main topics:
1. Latest news: Now there is talk of a 30-year retrospective tax investigation and taxing of overseas income. What are the reasons behind this and how will it impact?
2. What does the price reduction of Maotai signify?
Qin Peng’s analysis: This is not a temporary market change but a precursor to the collapse of Maotai’s market, similar to the collapse of the Chinese real estate market. This also indicates that there will be a collapse of more high-end investment products in China, as Maotai is not just a consumer product but also a unique financial and investment product.
3. The popular trend of the “poor man’s three treasures”; the rise of the “poor man’s combo”: How severe is the downgrade of Chinese consumerism and what issues does it reflect?
4. Is the Chinese economy “half flame, half seawater”? What does this mean and why?
5. What is the next step in the trajectory of the Chinese economy?
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