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And, I'm afraid the elite class of politicians in Washington has become so entrenched and corrupt that they will quash future change and development. As we've seen, they arrange high-paying cushy jobs for family members and retirement jobs for themselves. Lobbyists, who are politically connected people paid to influence legislation, now spend about .5 billion per year to influence Washington - up from .5 billion in 1998 and only 0 million in 1983, according to data from opensecrets.org. Other estimates are much higher. This may be legal, but it is de-facto corruption that will limit future economic growth.

Anderson Economic Group estimates union workers have lost a combined 0 million in wages, which could lead many families to cut back spending.

Angus Ng Hok-ming, executive president of Guangdong-Hong Kong-Macao Greater Bay Area Youth Association, expressed his disgust at Law for "using Hong Kong youngsters as a stepping stone" to further his interests.

Analysts and fund managers remained bullish in their long-term outlook on Chinese stocks, citing favorable factors including rising foreign interest along with the opening of the country's capital markets, potential opportunities related to the reform of State-owned enterprises, and the consumption potential of the Chinese people.

Analysts say that Chery's plan to introduce investors is in line with the National Development and Reform Commission's announcement in late May that it supports State-owned and private carmakers to attract investors and partners to become competitive.