In recent years, events such as the China-US trade dispute which brought about global supply chain restructuring and AI has been widely used to replace manpower has significantly increased the global poverty gap. Professionals even predicted that the global poverty gap and unemployment issues will continue to increase in the next 25 years.
The NewYork Times pointed out that the main reason for the outbreak of the “yellow vest” in France last November was due to the wide poverty gap. The annual income of the richest 20% of the population in France, is five times the annual income of the poorest 20% in the country. The top 1% of highest income earner of the population holds 20% of the country's wealth. The US economic growth rate in the first three quarters of 2018 was respectively 2.3%, 4.1%, and 3.5%. Although the growth rate was healthy, more than 60% of the Americans did not receive a salary increase in 2018, indicating that economic growth only benefitted some; In recent years, the Chinese government has vigorously promoted poverty alleviation plans, but In 2016 and 2017, the Gini Coefficient has been rising year on year, which shows that the situation of the global inequality is still continuing to increase.
Mr. Yang Wei, CEO of Phoenix Wealth Management, Asia Pacific Region, mentioned in an interview that although global capitalism has been widening the poverty gap of the gap, Phoenix Wealth Management will continue to fully support the poverty alleviation plan and help to support the closing of the poverty gap. PhoenixWealth Management will provide investors with a series of sound financial investment policies and strategies, and hope to use the influence of the company to help more investors manage their assets effectively.
Mr. Yang Weialso mentioned that Phoenix Wealth Management specializes in the diversified scope of financial investment projects and places great importance to the financial safety of client’s funds. The company focuses on investment opportunities with relatively low fundamental risk and stable growth, which helps to maximize returns for the clients. In addition, Phoenix WealthManagement will be setting set up a Hope Angel fund to help young people with entrepreneur dreams to achieve their goals and to create more opportunities for all emerging talents.
