Chinese social media Weibo went wild when Pony Ma, Chinese tech heavyweight billionaire, posted a comment online. China watchers believe the staggered Chinese economy has finally pushed the famous low-profile Tencent Holdings CEO to voice his frustration.
Ma commented, “This is a really vivid description,” quoting a partial statement of an online opinion piece which stated, “A company can go bankrupt, but it cannot lay off employees; a company can go bankrupt, but it cannot work overtime.”
Many Chinese analyzed Ma’s endorsing the post as a bleak sign of the economy under Beijing’s strict zero-COVID policy.
Rare Comment From Ma
On May 20, the former editor-in-chief of the state-run tabloid Global Times Hu Xijin made a post about the economic impact of the national COVID-19 policy….