China Targets Financial Elites, Puts a Cap on Executives' Salaries | Vantage with Palki Sharma
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- เผยแพร่เมื่อ 9 ก.ค. 2024
- China Targets Financial Elites, Puts a Cap on Executives' Salaries | Vantage with Palki Sharma
China has ordered a fresh crackdown on its financial elites. It has decided to put a cap on their salaries. As per the new mandate, the executives won't be able to earn more than USD 400,000 annually. Reports say, this salary cap could be applied retrospectively. This move is believed to be a part of Xi Jinping's common prosperity programme. The Chinese President has pushed policymakers to bridge the gap between the rich and the poor. But critics of the new policy say this could drive away talent from the financial sector. Palki Sharma tells you more.
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China | Financial Elite | Salary | Paychecks | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#china #salarycap #xijinping #wealth #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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Well done China
Definitely China is DONE 😂😂😂 elite will dump China in blink of en eye..
India should be the first country to put such a salary cap.
@@bin.s.s. cry more, you are incapable and cry on others...😅 get some life.
@@myvu-mv5ixpeople have been saying that for decades but the richest CEOs still do their regular China pilgrimage in order to make business
@@myvu-mv5ix _"Definitely China is DONE elite will dump China in blink of en eye.."_
...while you're still waiting at the airport for Elon Musk.
CEOs of some companies are having salaries in multi-millions while they pay peanuts to their employees, Governments should put some laws like this that prevent the CEOs getting away with millions, while their employees are struggling for a living wage.
Employees should just start their own businesses if they want to get paid millions.
Agree. What the government is doing is actually good policy making. The surplus should benefit society as a whole.
@redmi26635the ones who couldn't run successful businesses.
@redmi26635Robots in the not so distant future
That's india
🤣🤣🤣 good job China. I give it a couple of months, India will copy this policy and Palki will not be criticizing it. She will call it good policy and pretend that India came up with the idea. 😂😂
India already did this kind of stuff and failed.
@@surfspark Of course it failed. Because the Indian government has been always under the control of those Adani(s).
India society will break apart if no more lower cast workers.
This salary cap thing won't work practically. Companies will come up with work around solution for salary caps like vouchers, food coupons etc.😂😂😂😂😂😂
@@surfspark ridiculous lies. India never had a salary cap, not even Palki Sharma is claiming that. India is a very decided society with few extremely rich people and majority are very poor.
Excellent decision wealth equality is fair and will reduce poverty
But isn’t that the goal of communism.
😂😂😂😂 idiots
This is actually good policy making, could foster social stability and actually tackle the wealth divide. This should be the norm and not critiqued. It has shown that manager incomes have increased way beyond the increase of productivity. So their increase was just ciphering from the worker and the end products quality.
Correct, their high pay income is counterproductive to work produce.
Thats d fact, what she does is China bashing...even if China saves some1 she will accuse China of stoping God from taking a life...sadist
Palki is not happy hearing that CEOs won't make millions. Wondering who is paying her salary 😂.
It mean she has to share wealth with the Dalits if Asian countries follows China. 😂😂
I'm sure bhikaristanis love that. We don't.
@@phillipchan6919as a dalit it's funny how china uses our community to troll us Indians 😂
🤔! Why are you bothered?
@@piushpaul4880let be real dalit are still badly treated in India
Even if her husband is having an affair, palki would still be more jea lous of China than the other woman 😂
😂😂😂😂
She is one of the soft spoken villains
She works as a journalist. It appears like you are jealous of her and you are projecting it on her.
🤣🤣🤣🤣🤣🤣
@@user-ul2db9hh7q Ya, a bias journalist!
This is a great idea by putting salaries cap for the rich
Palki, if Chinese pay are low, how will you describe Indian pay?
The average Chinese salary is 5 times that of Indian.
40% of People’s Salary goes to the CCP 💀
Well Done China...Here my company COgnizant pays me peanuts in Pune and CEO salary is upwards of 160 Crore...What the hell...India needs to tax or cap High Level Executives
First, get your facts corrected about your CEO salary, this is misleading information
@@lucifer7714 china best nation
India beggar main
In India the gap between the poor n rich are so huge . It caused socials issue too.
India should learn from china if it wants to grow evenly among all the people.
China is smart. More money for the government to improve the country’s economy for all.
You wonder how many attack innocent happiness in India that are not reported here🤔🤔🤔🤔
China wants prosperity for all and not just few.
Yes, we can see the similarities in how the Sictator of China, Shejingpingpong lives and the common of China live. They all have the same size houses and the same number of servants. Isn’t Communism a Great ideology?
This approach will be ineffective and will encourage laziness. A doctor working extensive hours will earn nearly the same as a cashier at a store. It will face significant backlash in the end. Essential workers will lack motivation to put in extra effort. Why would they? What's the benefit? Look at how the US has made people dependent by providing for all their needs, they no longer want to work.
I have a feeling this video won't age well. All China haters turned out to be wrong with time. This one won't be an exception.
This is just simply reporting.
It is reporting, It seems you dont understand reporting,
WOW! Someone is triggered about the news of their homeland. 😁😁😁!
@@Satanreincarnation-zg6sl _"WOW! Someone is triggered about the news of their homeland."_
And this news is actually GOOD news. Let's see if your failed democracy India has the ballz to handle all this.
@@sachinmesta4238 That's not reporting, that's wishful thinking. India hopes that China will fall. Losers think about winners and winners think about winning.
There is almost no reporting about India policies in China. They don't see it as a threat or relevant.
China is sending a message to Elon’s $68 billion annual salary package. 😂😂👍🥂
Love China form Europe. ❤ I hope one day will all will live more equally
That will never happen. You can't convince me that a doctor, with their extensive skills and long hours, will earn nearly the same as a grocery cashier who simply rings up items. Compensation should reflect the value and contributions of the individual. Only those who are underachievers or lazy would support such a system.
@@jennifervanderbilt3745 karen crying as usual
Prove it
then go back . No one cares
@@jacksmith-mu3ee lol. Name calling is what you’re good for? You can’t even do a good rebuttal. Go back to the cave and learn a bit before coming out here at TH-cam. Alright?
In democracy countries the gap between rich and poor is huge. So this is a great idea by xi jinping to reduce the gap between rich and poor in communist China
👍
Do you think the Mr. MODIJI should follow China and make change India into an Autocratic country?
@@Satanreincarnation-zg6sldemocracy have ruin up India badly. corruption is everywhere in India and that why India is weak and poor. All because of democracy system have ruin up India
@@Satanreincarnation-zg6sldemocracy system have ruin up India badly. That why India is weak and poor
just like North and South Korea?
Palki supports the large pay gaps in India, where the low wage earner is paid $2 per hour.
What are the wages of the hundreds of servants of Shejingpingpong?
It is good to seek equality. On the other hand, 1 billion citizens are struggling to have enough food.
Companies are moving their production from China to India
Palki 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 😂😂😂😂
How's WINNIE THE POOH??
There are companies in EU that produce electronics in India, but they are few and their products are 5x the price of China. Bulgaria is the same price when it comes to production cost.
Not gonna happen
Chinese bot
Cry louder
@@flyhigh4000 India bot
Poo in loo
Negativity at it's peak....This is actually good for common people
Palki is good at talking shiiit.
she is talking china. so according to you china = .... ?
@@user-vy4cu8ui2x Talking shiiit about China when China is 5 times more advance than the country of the person talking tells you the shiiit hole is don't you think?
Many CCP bots only say- Palki is jealous of China…. Palki is jealous of China…. 😫😫😭
Without having any Certain proof…
She is a Well Educated Economist/News Reader who has more knowledgeable than you and me… so You and your Ignorance on this fact have no connection
Required in India as well
Then, there will be less high cast in India and more middle cast.
Just few cases of workers fighting with customers, reporting like all workers are not happy in China. 14b population 😅
@brianwood4128
and you 1.3b
Oh it’s happening. When govt starts to micromanage, we know it’s not good
State owned financial companies
CCP is for the ordinary working class people.
BJP is for the rich Gujarati gangs. Now you know why India has one of the highest unequal wealth distribution in the world
Your name describes why you are saying this
Maharashtra crossed 500bn dollar mark
TN & UP fighting for 2nd position to cross 500bn economy
Gujarat stands for 3rd position
Yes yes Xi jingping is a working class😂.Your Mao Zedong was a genocider , CCP is the worst capitalist . Even a low rank CCP official has more power than any damn business man . Only two people who are the Gujaratis that hold power in bjp it’s just Amit shah and Modi. Modi has no kin to himself . Modi is OBC many of the BJP are From obc . You don’t teach us about working class do you even know how much effort Gujaratis , Baniyas , Jains , Marwaris put in their businesses . Well who am I to lecture about efforts and hard work to a dickless commie . You go on keep unionising .
@@flyhigh4000 _"Maharashtra crossed 500bn dollar mark"_
_TN & UP fighting for 2nd position to cross 500bn economy_
_Gujarat stands for 3rd position_
In your wettest, wildest, and delusional dreams that your fake news data has provided you. It is an anecdote to make yourselves feel good, or perhaps get high and *_fly high_* due to inhaling too much cow patties.
It's nice to see that so many people are jealous of gujratis , keep doing the work
India should also take inspiration from them and should put a cap on the earnings and on the net worth of Ambani$. This will make sure that no more Ambani$ will make fun of the 80 crore deatitues in india who are just surviving on the food grains provided by the government.
good decision
Chinese coffee worker fighting costumer in video has nothing to do with ur propaganda about CCP policy
🤔! You just being triggered by it shows that it is the truth. 😜😜😜!
@@Satanreincarnation-zg6sl my IQ is drop bro watching India media 🇮🇳 propaganda about China 🥲 Godon Chang still better than this lady
Great work
WE NEED THIS IN AMERICA
LOL, she showed that cafe altercation video as something 'world changing incident'.😂😂that video is not even news worthy.🤦♂️🤦♂️
Ikr😂😂😂
Actually Celing is a MUST when there are loopholes/flaud in the financial policies of a Nation....with which the rich are getting astronomically richer....& The poor are dying on the roads .....Equitable distribution is the need of the hour.....
Palki Sharma always let her hatred and jealousy of China to lose her ability to make a coherent, rational and objective argument.😅😅😅😅😅😅
I just listen to Palki just for fun.
It is fun to poke at her ignorance.
Ok crynese.
Palki is looser..... bringing news about China
Many CCP bots only say- Palki is jealous of China…. Palki is jealous of China…. 😫😫😭
Without having any Certain proof…
She is a Well Educated Economist/News Reader who has more knowledgeable than you and me… so You and your Ignorance on this fact have no connection
Chinese bots spotted
Palki Wants More Ambanis and Adanis in China Too LoL 😄😄😄
It does seem like Shejingpingpong doesn’t want any other Chinese to be richer than him.
India should take a leaf from China in many regards.
She uttered nonsense
I heard that Palki has sleeping deficiency If she does not gripe against China. Today she's going to sleep well.
WOW! We must have a good ears. Did the Sicktator, Shejingpingpong give it to you ?
I wonder if Palki ever been to China? Maybe she does not know people in China do enjoy a higher living standard than people in India on average. And dare I say there a quite a few people actually like their lives in China.😁😁
She only understands the cast system. Without the cast, she will have to do their jobs herself.
Why do you want Palki to go to China? You want her head to explode?🤣🤣
Her visa application was rejected.
@@pbworld7858 😅😅
Boeing ceo made 33 million last year. While engineers languishe, now planes falling of the skies.
Common prosperity
Not a bad idea
Not bad
That will never happen. You can't convince me that a doctor, with their extensive skills and long hours, will earn nearly the same as a grocery cashier who simply rings up items. Compensation should reflect the value and contributions of the individual. Only those who are underachievers or lazy would support such a system.
@jennifervanderbilt3745 go back karen . On your made in china phone
@@jennifervanderbilt3745waiting for proof karen
It is only for state owned financial companies NOT private ones.
This is actually good move. TCS and Infosys Top brass earns > 50 crores decade back it was less than 10 crores, while the salary of the new entrant remains same as 5-6 lakhs per annum since 2 decades back.
3-4lakhs too
At least China can track people’s income
US is questioning the high remunerations of top management too including CEOs package. France wants to tax the high income group 90% for salary above a determined threshold. Is this a trend ?
The people have nothing left, and now the beast that the elites have created turns its gaze towards them...
china's decision looks like a better deal than high taxes for common people. companies will still find some loop holes, but now if its enforced correctly, companies will be forced to increase salaries for their low income employees, on the other hand, if they just go to taxes, then we wouldn't even know where they end up, whether the govt actually utilize it well for the people or not.
It won't succeed in Democratic countries as it will be seen as the government having too much power.
Increasing salaries to cope up with it will also cause inflation, they will mark their goods and services higher amount to compensate for those salaries. It’s one way or another
@@jennifervanderbilt3745 inflation is not always a bad thing by definition, its only bad if wages couldn't keep up with rising prices, which we see a lot.
This video is pretty much bashing for the sake of bashing. No analysis no logic reasoning. Understand you want to attack China badly, but at least find some topic you can get your head around with.
China is going down the path toward Mediocrity. Only the Average person is important. All others, including the intellectually gifted, the super scientists and the President himself have pay parity of a peasant. It is one thing to raise everyone out of poverty but it is ludicrous for others to impoverish themselves in the process. Keep China growing, and the pie grows for everyone.
Even if the pie grows like that of the US, the low class people are still suffering such a lot. The pie of the world is becoming insufficient for every country. Better take care of the average persons before the world war begins.
Caping multi billionaire CEO’s salaries are not going to make them impoverish 😂🤣
Caste system poisons your mind.
If CEOs are going to be paid similar to other employees then why would anyone want to take on the responsibility of being the CEO
CHINA IS A COUNTRY OF REAL LEADERS WHY IS INDIA OBSESSED WITH CHINA???? CHINA HSS HAD ZERO FINAÑCIAL CRUSHES DOVU KNOW HOW MANY AMERICA HAS HAD???
Don't you wish all countries would control how capital has ruled over the poor. This would be implemented by other countries 5 years from now just like all controls China has put in have been adopted by certain western countries including the US. Also China assistance to green tech now also copied by western countries but just under different names like the US Inflation Reduction Act
What about the control of poor Indians' salaries by the rich? Many poor Indian workers cannot even afford three meals a day, and numerous children cannot afford to go to school, more often poor Indians have been abused by the owners.
Ohhh…
poor bankers!😢
How will they get by with only 400 000$ a year?
Let’s donate money to them!
These CEOs surely need it😂😂😂😂
I like how the Chinese bots have completely taken over the comment section. They are not even trying to hide it. 😂
Then,this curry woman should stop talking obsessively about China in every of her videos.
Godi bots not happy about that.😂
Godi bot is afraid of a stronger lower and middle cast in India. 😂
Not everyone *here* is a _'chinese bot'_ according to you by the way. You're so delirious with inhaling too much cow patties that suddenly every insect around you are Chinese Bots. Baffling.
Palki CEO, i've been investing in China for decades
If Palki were born in China, that would be a disasterr. She has been promoted as the managing director in Firstpost with multi million of annual salary. i don't know how much money she is able to move out of India if she is willing to.
It will mean she has to pay higher tax to raise more middle cast.
@@phillipchan6919 that is the reason why she hates cap on salary.
This is already history.
i think india desperately needs something like this. i dont see the govt doing anything with middle class taxpayers' money
Maybe India should learn from this; it will help it’s citizens not sh@t in the streets!
🙏🏻
China is also transporting vegetable oil in sewage trucks. Very hygienic 😂
❤
Thank you Palki Sharma
As a Pakistani I fully support love respect and support China and its beautiful people from Pakistan 🙂
The cap has to be high enough to preserve market economy. China got richer because of the middle way between socialism and capitalism. We have to continue to do so - walk a fine line. I trust the Chinese government.
Palki badmouthing the Chinese socioeconomic issues is as same as an homeless beggar criticizing the way a billionaire managing his money.
These kind of policies is needed in AI times where wealth gap is going to erupt abruptly because of AI.
That will never happen. You can't convince me that a doctor, with their extensive skills and long hours, will earn nearly the same as a grocery cashier who simply rings up items. Compensation should reflect the value and contributions of the individual. Only those who are underachievers or lazy would support such a system.
That's being done in multiple nations
U are a karen
India should do this too..and hold thier money to baned them from going abroad and leaving india
america also should put a cap on CEO pay packages
Werry good 😊😊
Good decision
Sounds like Sweden 1977.
Well done, China
Please your bridge is falling apart your airport is collapsing your train is colliding your road is broken there’s not enough water to drink not enough electricity to power your house not enough food to eat rocket exploding now let’s go back to your drawing board. Give yourself a 30 years to learn to build a toilet and another 25 years to use one.
Its so funny when she says "How will investors feel" ...when the company pays less to leadership..China hatred has made her lose the objective..sad
I hope companies will invest in South and South East Asian nations.
Chyna trying to flip anything negative news, their space rockets falls on a village and they will say brave villagers sacrificed themself for the greater good 😂
China has done hundreds of space missions and all you care about is a private company accidentally launching a rocket? 😂
Welcoming back the Communist Doctrine.
China missed the eating from a big pot tradition.
In a way Chinese government is capping the skill set, growth and talent in their country
It only involves government owned financial businesses.
I guess it will drive the bankers and CEOs to look for jobs in private companies and might lessen the power of the government over banking, since private institutions are more desirable now? maybe?
Skilled people won’t leave the country, they’ll just switch to privately owned businesses
Its owners who should reduce their greed and pay people better.
Not going to happen under an uncontrolled capital system that maximizes profit Economics 101
@@silafaupaulmeredith7251 Its not the time for economics. In a world with resources more than enough for everone, its time for affirmative action and weath distribution at all cost. Concessions might be necessary within reasonable limits.
@@lameckondieki4756 I agree There is capital in China but Capital does not control Government and Policies That is the difference in the US capital control Policies and Government. it is legalized through lobby groups such as the NRA and AIPAC Proof No matter the levels of gun violence in the US the policies would not change only the BS and no matter how many children killed in Gaza US will still provide the weapons and ammunition for the killing to continue. That is which life expectancy has increased China from one of the poorest country to be higher than the riches country of the world wealth distribution but you need the right policies not those dictated by capital
World should invest in india and make it a superpower.
Putin has agreed to modi's request - to release those indian pows captured by the Russian troops
Relevance to this video?
Hey bot , you might have dropped this🧠
@@Mahir-zx6tk WEB1 day ago · India said on Tuesday that Moscow has agreed to begin discharging Indian citizens who were "misled" into serving in the Russian army - Reuters
What is Indian POW doing in Russia-Ukraine war?
Maybe the Chinese coffee maker is not happy about how much more money Mr. Adani (A.K.A the king of India) makes than his average employee?🤣🤣🤣🤣 And he is lashing out to one of his customer in solidarity with the Indian working class.😁😁😁😁
One meal from them could feed a thousand Indians for a week. 😂
😢1 or 2 Chinese altercastuons verses 10 million altercation in India. Oh India is demicracy so that’s OK palki madam
I am saying this from india, i guess we are in much worse condition with highest unemployment and inflation, not particularly food but shelter, education and health care. its better to not hate other countries for their policies when we ourselves are not doing any better. we have to grow up at some point. don't promote hate
China is doing good . Some peoples work a little and got huge salaries 😅unfair
The bottom 5 countries with the lowest GDP per capita in G20 (1990)
16. Brazil🇧🇷 = $3,190
17. Indonesia🇮🇩 = $771
18. Russia🇷🇺 = $472
19. China🇨🇳 = $374
20. India🇮🇳 = $369👈
The bottom 5 countries with the lowest GDP per capita in G20 (2000)
16. Brazil🇧🇷 = $3,865
17. Russia🇷🇺 = $1,898
18. Indonesia🇮🇩 = $870
19. China🇨🇳 = $951
20. India🇮🇳 = $442👈
The bottom 5 countries with the lowest GDP per capita in G20 (2010)
16. Turkey🇹🇷 = $10,533
17. S. Africa🇿🇦 = $8,130
18. China🇨🇳 = $4,500
19. Indonesia🇮🇩 = $3,177
20. India🇮🇳 = $1,351👈
The bottom 5 countries with the lowest GDP per capita in G20 (2020)
16. Turkey🇹🇷 = $8,613
17. Brazil🇧🇷 = $7,345
18. S. Africa🇿🇦 = $5,672
19. Indonesia🇮🇩 = $3,919
20. India🇮🇳 = $1,916👈
*Consistency is the key to success, India🇮🇳 took it to the next level
Aww, does that make you feel better? If you look up the word “red flag” in the dictionary, you’ll find a picture of Hitler, but in that picture, he’s holding up a picture of Winnie the Pooh!
@@spartanares4345I'm sure your a very smart individual 😊😊
I noticed you always present flawed data & statistics about India. Maybe your parents scolded you, locked you up in your room, & didn't give you dinner. or maybe you have penis envy about India.
@@spartanares4345 _"Aww, does that make you feel better? If you look up the word “red flag” in the dictionary, you’ll find a picture of Hitler, but in that picture, he’s holding up a picture of Winnie the Pooh!"_
Awwww...you simply just _couldn't handle the fooking truth,_ and retort to childish name-calling. It must of felt reeeeally good. huh?
@@YouCantHandleTheTruth. Coming from the guy who has an account "YouCantHanldeTheTruth" and made their account just to respond to me, your IQ must be impressive as it is to behold!
You have no family, no money, no women - run along now little boy and collect that $0.50 - that's the only achievement you'll achieve in this irrelevant life of yours LOL.
the one is not linked to the other.
Liked the video Palki mam ,but isn’t India doing the same or even worse all these years? Make a video on that topic too
Placing a salary cap on executives working in public funded institutions makes sense. This is tax payer's money which is funding these companies. Why shouldn't the government decide on remuneration? This is equivalent to the board of a company placing a salary cap for their CEO.
Also, wealth redistribution makes sense. What is the point of having a few billionaires who're hoarding all the money while the rest of society can barely afford basic sustenance? Unfettered capitalism is immoral and inhuman.
A good example is the United States where you have millions of destitute people living in the most prosperous nation on the planet. These people suffer from homelessness, drug addiction, suicides and extreme violence (the majority of gun-related crimes are in the poorest areas of the country). India is another example of this.
If you cannot use the wealth of a nation to support vulnerable members of society, what is the purpose of the wealth?
modi can not do this as 500 million indias already makes less than $3 a day
If you stop trade buy import which country really is going to suffer most think about base on economy at the moment
If you blame china india will automagically become better. Fantastic. Im all in.
Lol..😂😂😂
Its not good for financially lucky and financially talented people
For people who work for pennies its music because if I can't have it none should
Good one
Workers in India are very happy? Why always anti china propaganda? Is there US influence on your channel ?
I'm starting to question it as well
Rule of only 5% net revenue should be implemented.
I thought candid camera was cancel
For once, Palki Sharma approves her Chinese boyfriend Xi' action. Nice done, Xi! You have Palki's approval. She actually put aside her jealousy and gave you a smile. Well done, Xi! LOL 😁🤣
All the problems this propagandist mentioned about China, is India any better? 🤣
Many CCP bots only say- Palki is jealous of China…. Palki is jealous of China…. 😫😫😭
Without having any Certain proof…
She is a Well Educated Economist/News Reader who has more knowledgeable than you and me… so You and your Ignorance on this fact have no connection
@@trijalinamdar5396 beggar pajeed
😂😂😂
@@trijalinamdar5396😂😂😂 beggar pajeed how's bizarre bridge
1840年之前,中國向西方出口茶葉、瓷器、絲綢,但西方除了金銀之外沒有什麼可以出口到中國的。 中國長期處於巨額貿易順差,最後英國為此發動了鴉片戰爭。
如今,中國向全球出口各類工業品,主要進口礦產資源及農產品,仍維持巨額貿易順差。 然而,這次的中國擁有全世界最強大的軍事力量。
中國的長期貿易順差不是偶然的,而是中國人民規模、勤奮、智慧、效率、創造力等多重因素綜合的必然結果。