Xi Jinping Breathes Bad Air With the Masses; Xi Jinping’s appetite for impromptu public appearances appears to be growing

Feb 25, 2014

Xi Jinping Breathes Bad Air With the Masses

Xi Jinping’s appetite for impromptu public appearances appears to be growing.

On Tuesday, less than two months after he riled up the Internet by scarfing down lunch at a Beijing steamed-bun shop,  China’s new leader once again set social media atwitter by showing up with an entourage at a snack-heavy Beijing hipster shopping enclave known as Nanluoguxiang.

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A screenshot shows one of several photos posted to Sina Weibo of Chinese president Xi Jinping vising the Nanluo Guxiang area in Beijing on Tuesday.

It remains unclear what Mr. Xi ate in the traditional alleyway, where vendors serve everything from stinky tofu to double-layered milk pudding. But Internet users noted with approval that a maskless Mr. Xi was willing to slurp down mouthfuls of the capital’s notoriously chewable air – air so dirty that on Tuesday local officials again issued the city’s  second-highest pollution alert.

“Breathing together, sharing the same fate,” read a widely repeated response on Sina Corp.’s Weibo microblogging platform.

Channeling the beloved Qianlong Emperor, who is said to have wandered outside the Forbidden City in disguise to mingle with hoi polloi on multiple occasions, Mr. Xi has brought a common touch back to China’s top office. He kisses babies. He kicks balls. He carries his own umbrella.

The effort has paid off, and not just for Mr. Xi. The Chinese leader’s December visit to a branch of the Qing-Feng Dumpling chain, where he spent less than $4 on a lunch of pork buns and stewed chitterlings, reportedly boosted sales for the chain, which now sells a “Xi Jinping combo.”

Amateur video posted online Tuesday showed Mr. Xi stopping to shake hands with locals while strolling through a curiously empty alleyway on the way to Nanluoguxiang with Beijing mayor Wang Anshun and Beijing Communist Party chief Guo Jinlong.

In visiting the neighborhood, Mr. Xi may have been attempting to reach a younger demographic. Home to one of the country’s top performing-arts schools as well as innumerable cafes and bars, Nanlouguxiang has long been a haunt of the detached and ironic wenyi qingnian, or “cultured and artistic youth.”

But it was on the issue of air pollution that he scored the most points. China’s leaders are widely presumed to be insulated from the food safety and environmental problems that afflict regular people. With the capital suffering its sixth straight day of hazardous air pollution, Xi succeeded in showing solidarity with Beijing’s beleaguered residents even as he set a questionable example.

“Right on, Big Xi didn’t wear a face mask!” wrote one microblogger.

 

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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