Big Businesses Face Xi's New Reality

The video discusses President Xi's recent speech emphasizing the need to improve living standards for ordinary workers and address the wealth gap in China. It highlights how multinationals like Starbucks and Yum China are adapting to these changes by offering better benefits and stock options. The video also explores the implications of Xi's housing policy, which aims to reduce income inequality by focusing on affordable housing in major cities and developing housing in smaller cities.

What is one of the main goals President Xi outlined in his recent speech?

• To reduce taxes for corporations

• To improve living standards for ordinary workers

• To expand China's military

• To increase management salaries

How are multinational companies like Starbucks responding to the new priorities in China?

• By closing stores in China

• By enhancing employee healthcare plans

• By expanding their product lines

• By reducing employee benefits

What unique benefit is Yum China offering to its managers?

• Extended vacation days

• Company cars

• Stock options

• Free meals

What is a significant challenge for Chinese property developers according to President Xi's statement?

• Focusing on housing for living, not speculation

• Expanding into international markets

• Building luxury apartments

• Increasing property taxes

What investment is needed in China's housing market according to the discussion?

• Luxury housing in coastal cities

• Vacation homes in tourist areas

• Affordable housing in major cities

• Commercial real estate in rural areas