China Riots! Communism FAILED Yet Again.

[Music]

Riots are breaking out in China. What

has the CCP done now?

Welcome to China Uncensored. I'm Chris

Chapel. Once again, there's been a riot

in China with as typical a response from

the Chinese Communist Party as you could

possibly get. Last week, a number of

protesters gathered in front of this

building in the city of Lingi. And

because the CCP isn't a big fan of large

crowds, they were almost immediately

joined by the police, and I mean a lot

of police, you couldn't even go to the

nearby playground in peace without

bumping shoulders with a dozen of them.

I've heard about a slide into

authoritarianism, but never next to

actual slides. The police formed a human

wall to block protesters from entering

the building, used water guns on the

crowd, and pushed a man down. It's like

they learned from that playground bully.

At one point, the protesters started

throwing rocks at the building. The

police scattered to avoid getting hit

and protesters stormed the building. It

didn't take long for the police to

regain control. They pepper sprayed

their way in, stormed in like the

Kool-Aid Man, and clashed with

protesters inside. Given their

schoolyard bully tactics, thank goodness

no one got purple nerpled. Chinese

authorities rounded up and arrested the

protesters. And it seems like they're

also censoring the story because they're

as consistent as they are persistent.

But why? What is this building? Why all

the police? Is this some nefarious CCP

government agency bent on oppressing the

Chinese people? Well, no. Actually, it's

the headquarters for a business called

Shupai Ago, and those people are its

customers. So, what happened? Well,

let's just back up a bit a tad. The

Shupai was founded by Wong Xiaoqing, a

representative of the 17th Lini

Municipal People's Congress, a visiting

professor at Lini University and a

recipient of a national patriotic award.

So what does it do? Well, early on the

company was heralded as a pioneer of

entrepreneurial change in the digital

age that abides by the policies and

guidelines of the Chinese Communist

Party and the government. Well, that's

the first red flag. As always, this one,

it was even featured on a CCTV special

program on the digital economy where the

state-run media claimed that Shupai had

universal praise from the public. Yeah,

that aged great. The company got public

endorsements from Lingi government

officials and even the Ministry of

Public Security.

But you know, what does it do?

Apparently, it was a key digital

economic project that collaborated with

the local government and Lingi

University to build a digital industrial

park. Okay, so what does it do? Well,

aside from reportedly empowering

physical stores with digital technology,

Shoe promises customers that they could

earn money by spending money through

things like shopping rebates and profit

sharing.

What?

Well, in other words, all customers had

to do was load up their Shoe Pie app

with cash and then earn cash by buying

stuff and referring others. The platform

claimed annualized returns of up to

200%.

Oh, it's a Ponzi scheme. It's a Ponzi

scheme, which is what Chinese Nessans

started calling it despite all the nice

things the government was saying about

it. So the Lini municipal government

responded to concerns by releasing this

document which said that authorities had

looked into scam allegations and

concluded that Shupai was not involved

in telecom fraud, illegal fundraising or

pyramid schemes. So that's it. Nothing

to see here. Shupai is totally legit.

You're guaranteed to make loads of cash.

You'd have to be a stupid, idiotic, fine

print reading, fiscally conservative,

not wanting to leap before you look

[ __ ] not to throw your life savings at

this. But then recently this letter went

viral. It says Shupai is being

investigated for potentially operating a

pyramid scheme. It also says that if the

pyramid scheme charge is proven true,

all participating companies and users

may be criminally held liable. Sounds

like the local communist officials may

have been lying. You know, communism is

a pyramid scheme. The guys who get in

first kill everybody and take their

stuff. But the letter also put

restrictions on withdrawing cash from

the app. And surely enough, people

started to report that they couldn't get

their cash out. There's also this letter

allegedly from Wong trolling his

followers. It says, "Hello everyone. I'm

Wong Xiaoing, the founder of Shupai. I'm

already abroad now. Everyone's IQ is as

low as their wealth. That's why my IQ is

190."

No one knows for certain if those

letters were legit, but it kind of

doesn't matter. People got mad anyway.

More than 40,000 people had joined this

company's program with some of them

reportedly losing their entire life

savings. One user later reported that

Shupai went bankrupt. Well, they really

were a great representative of the CCP.

And now with protests erupting in Lingi,

the story is getting buried deeper than

King Tut. NTD reports that many videos

and posts related to Shupai have been

deleted on Doí and Way. In fact, while

researching this topic, I myself noticed

that many Chinese articles about the

scandal started displaying errors just

hours after publication. What? They

published these things on Snapchat. Of

course, this isn't the first time this

kind of thing has happened.

Unfortunately, Ponzi schemes and other

financial scams like this are very

common in China, and so are protests

over them. Back in 2022, four rural

banks engaged in a Ponziike scheme and

ignited protests after they froze and

transferred their victim's funds. The

authorities, of course, responded as

good civic servants should. They beat up

the protesters.

In 2018, there was the funding platform

Cuba.com,

a state media darling that collapsed

after raising around 11 billion. The

authorities responded by carrying away

protesters.

The year before that, there was the

online lender.

It gained credibility from Chinese state

media and took $7.6 billion dollars from

its victims. Hm. Starting to think maybe

this wouldn't happen as often if the

authorities punished the actual

criminals instead of going after

protesters.

The pattern is always the same. A

company lures customers in with promises

of massive returns only to collapse and

rip billions off of their life savings.

This is because thanks to China's

communist state planned economy, there's

very little for people to actually

invest their money in. Sometimes the

scammers get away with it and sometimes

that's thanks to positive Chinese media

coverage. Which is why, as always, you

should trust Chinese state media about

as much as you trust the tap water in

Tijuana. In fact, the real estate sector

crisis in China is thanks to companies

like Everrand acting like Ponzi schemes

with money used to endlessly build new

buildings rather than completing the

apartments people actually paid for. But

it's not just these companies that do

Ponzi schemes in China. The CCP itself

is just one big Ponzi scheme. Think

about it. The CCP promises massive

returns to investors, but it often

delivers poor quality and misuses

resources for things like corruption,

infrastructure that crumbles, and

useless show purchases. The CCP is

totally an MLM. Marxist Leninist

moochers. They prioritize political

power over true economic stability.

Indeed, China as we know it couldn't

have survived or much less grown to be

as powerful as it is without foreign

money constantly being injected into its

economic lifeblood, which is its own

Ponzi scheme. And just like the collapse

of these scammers, the CCP is facing

collapse from the weight of its

ridiculously high debt and its

unprofitable projects like its

overprouction of EVs. And finally, if

you're a businessman who wants to take

your hard-earned money and manufacturing

capabilities out of China, chances are

the CCP won't let you make a withdrawal.

The CCP hates that I bring this up, and

apparently so does YouTube. So, if you

haven't, click this button to support us

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Don't worry, we're not scammers trying

to rob you out of billions. Just trying

to give you exclusive, in-depth China

coverage you won't see anywhere else.

Once again, I'm Chris Chapel. See you

next time.