Understanding New China After the 19th and 20th Congresses

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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

https://twitter.com/ByChunHan/status/15 ... WUZqw&s=19
Xi Jinping, Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, Li Xi
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

My post...

viewtopic.php?p=2567550#p2567550

Combo #1 and #2
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Re: Understanding New China After the 19th and 20th Congresses

Post by ricky_v »

https://www.scmp.com/news/china/politic ... third-term
According to state news agency Xinhua, the new hierarchy order of the Politburo is party secretary Xi Jinping, 69, Li Qiang, 63, Zhao Leji, 65, Wang Huning, 67, Cai Qi, 66, Ding Xuexiang, 60 and Li Xi, 66.
Li Qiang - premier
Zhao Leji - head npc
Wang Huning - will take over the Chinese People’s Political Consultative Conference
Cai QI - first secretary, replaces Wang Huning
Li Xi - head (of) the powerful anti-corruption body, the Central Commission for Discipline Inspection, taking over from Zhao Leji.
Ding Xuexiang - would be first vice-premier then
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Re: Understanding New China After the 19th and 20th Congresses

Post by ricky_v »

Image
Know the new members
1) Li Qiang - premier in march after Li Keqiang leaves
governor of Zhejiang when XJP was the party secretary of that province - party secretary of Jiangsu - party secretary Shanghai
2) Cai Qi - (first secretary) - executive vice governor during XJP's time there - secretary Beijing breaking breaking trends / norms
3) Li Xi - (stasi head) deputy party secretary of Shanghai - then Governor of Liaoning province - party secretary Guangdong
Mr Li is believed to have close ties to President Xi Jinping. He used to be a former assistant to Mr Li Ziqi, a former Gansu party secretary who was close to Mr Xi’s father Xi Zhongxun. It was through this connection that Mr Li Xi eventually became a close confidant of President Xi.
4) Ding Xuexiang - (likely first vp, closely working with Li Qiang)top aide of XJP himself

What the actual fuk is this lineup, all Xi and his mini-Xis, every person a close contact, confidant, hell in one case, literal aide

Also, only coastal provinces, that too heavy dependence on Zhejiang, where XJP was the secretary, not one person from the interior
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Re: Understanding New China After the 19th and 20th Congresses

Post by yensoy »

ricky_v wrote:What the actual fuk is this lineup, all Xi and his mini-Xis, every person a close contact, confidant, hell in one case, literal aide
Reminds me of this:
Image
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

When we started this thread in 2017 I suggested we should apply the techniques of porsopography pioneered by Ronald Syme in his book Roman Republic.
We should study this Congress PBSC and see what has Xi Jinping wrought?

Ricky_v please post such facts as above and help gather data.

My hunch is XJP is creating a new Chinese leadership away from the older globalist Guangdong group.
This leadership will be inward focused to deal with "troubles within" to ensure "troubles without" are mitigated.

Ref: viewtopic.php?p=2225627#p2225627
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

From Straits Times
President Xi Jinping has further consolidated his power by stacking his leadership team with his political allies.

The new Politburo Standing Committee, made up of seven men, includes four newcomers, all Xi loyalists.

A shocking exclusion is vice-premier Hu Chunhua, who had been tipped to be promoted.

Another surprise is the elevation of Shanghai party chief Li Qiang to No. 2. He is set to be the next premier. Mr Li came under flak for his handling of the Shanghai Covid-19 outbreak.

The new team in order of rank: Mr Xi, 69; Mr Li Qiang, 63; Mr Zhao Leji, 65; Mr Wang Huning, 67; Mr Cai Qi, 66; Mr Xi’s top aide Ding Xuexiang, 60; and Guangdong party chief Li Xi, 66.

Mr Li Xi will likely be the next anti-corruption czar, after emerging as the top-ranking official among 133 members newly elected to the Central Commission for Discipline Inspection on Saturday.

The four new seats were vacated by Premier Li Keqiang, 67, third-ranked Mr Li Zhanshu, 72, fourth-ranked Mr Wang Yang, 67, and seventh-ranked Mr Han Zheng 68, who will retire.

The exclusion of Mr Hu Chunhua, a protege of former leader Mr Hu Jintao and a member of the Communist Youth League faction, is an indication that Mr Xi has consolidated enough power to dispense with the balance of factional power.

The wider Politburo and Central Military Commission leaders will also be made known on Sunday.

After the unveiling of the top leadership on Sunday, Mr Xi told the press that he and his new team will continue to lead the world’s second-largest economy to “even greater success” after achieving the twin economic miracles of growing rapidly, while maintaining strong fundamentals.

“China will be opening its doors ever more widely,” Mr Xi said.
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

Image

From their order of entry into the Great Hall,

Li Qiang
Wang Huning
Zhao Leji
Cai Xi
Li Xi
Ding Xuexiang
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

We can see several points here:
  1. Except for Ding Xuexiang, the rest will have only one term if the 68-year age limit continues at the 21st Congress
  2. Wang Yang's exclusion from the Central Committee paved the way for Li Qiang to be #2 as we anticipated
  3. Wang Huning's position as Speaker of the National People's Congress (if true) would befit what he has been doing all his life
  4. Proves yet again that phenomenal human sufferings consequent to Xi's Zero-Covid policy do not sway the Party. This is the Party discipline that Xi wanted and he got it.
  5. For the first time, XJP has ensured that the Party dispense with accommodation of 'factions' to balance power
  6. He is truly the Chairman now after Mao
  7. Proves that Hu Jintao was expelled/purged; it was not a health emergency
  8. XJP, with his massive mandate (if one can call it so) can only be very aggressive against us, Taiwan and the US.
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Re: Understanding New China After the 19th and 20th Congresses

Post by chetak »

https://www.youtube.com/watch?v=TFaG3EpFM8A


Former Chinese president Hu Jintao is unexpectedly led out of Saturday's closing ceremony of the Communist Party Congress. A staff member supports Hu by the arm as he stands up. He also speaks to President Xi Jinping for a moment and pats Premier Li Keqiang on the shoulder before being led out





the masked man in the image is xi's long term trusted bodyguard


Image
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

Denis wrote:The Hill: Ten years ago, we got Xi Jinping wrong. On his coronation, we should reflect on why.
https://thehill.com/opinion/national-se ... ct-on-why/
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

The writer is asking how West got Xi wrong?
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Re: Understanding New China After the 19th and 20th Congresses

Post by NRao »

SSridhar wrote:We can see several points here:
  1. XJP, with his massive mandate (if one can call it so) can only be very aggressive against us, Taiwan and the US.
I think so too.

In fact, IMO, India's push for a seat at the high table is over.
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

ramana wrote:The writer is asking how West got Xi wrong?
I would think that even most Chinese got Xi wrong. The West doesn't need to commiserate.
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

The West has invested a lot in China studies.

After Red China, they agonized on Who lost China?
And found a lot of people to blame. Gen Marshall, China Watchers etc.
Then again after Tian An Mein Square rebellion being crushed.
Now at rise of Xi Jinping.
Decimation of globalist/Guangdong faction from inner circle of power.
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

There are two aspects to this lament by the West, Ramana.

One is their overall failure to understand the Chinese trajectory. What would Mao/Zhou do after vanquishing the USSR in the company of the US? What was the real intent of PRC? HAK & Nixon and the successors either misread China or were complacent that it could never pose a challenge. Nixon & others took a lot of advice from the greatest China watcher Lee Kuan Yew and we don’t know what exactly transpired. How did the US interpret ‘Hide your strength & bide your time’? It may be that they were misled by their 19th Century assessment of China.

Thucydides records that the Athenian representative spoke in the Spartan assembly of being driven by ‘fear, honor and trade’. Nothing much has changed, has it?

The other is the individual personality of Xi. By all accounts, he never betrayed any emotions or political ambitions prior to c. 2012 that could have alerted the West.

Overall, the indelible imprint of Middle Kingdom ambitions in the Han DNA would have driven a Li or a Bo or anybody else for that matter to more or less behave in the manner of Xi once a critical mass is achieved.

If at all anything was missed it was this historical recognition and the milestones towards that being achieved from Deng through Hu which enabled Xi to go for the jugular when he determined that time was up.
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Re: Understanding New China After the 19th and 20th Congresses

Post by yensoy »

Due to the way China projected itself and grew as an economic, industrial and yes scientific powerhouse, we assumed the following things about the Chinese:
1. The Chinese are pragmatic
2. The Chinese are scientific
3. The Chinese value the economy

Xi has undone the above assumptions
1. The Chinese are no longer pragmatic and are willing to destroy relationships and upset long standing (and well serving) equilibriums purely for the sake of ideology
2. The Chinese care two hoots about science - look at what's going on with their disastrous "zero covid" policy - no questions are asked, only ideology
3. The Chinese are ready to torpedo their economy - which despite some of the obvious internal fissures was never this close to absolute failure - in order to further their ideology

Ideology makes him talk about "common prosperity". Taking from the rich and giving to the poor is done through taxation - so this is admission that the taxation system in China is badly broken. Wealth will be taken from the rich for sure, but will it be given to the poor? Going by their track record, absolutely not. The last thing China needs is a welfare state, because a welfare state will drastically reduce productivity - no longer will people work backbreaking jobs, be separated from families, or yearn to improve their "hukou" status if the state is taking care of them.

Ideology makes him an expert on Covid. Reducing deaths is one thing, and that was a great game plan in 2020 and 2021. Today's Covid strain is different. Nobody has been able to question the collateral human damage - in terms of deaths due to negligence, due to not getting timely medical care, mental well-being, family separation and agony - of the zero covid policy of 2022. Nobody has been able to question why a government which can do what it wants is unable to vaccinate 99% of the population with an effective shot. It is all ideology.

Ideology is what will be furthered by cutting China away from the rest of the world. We have seen how English classes have been reduced to a minimum, English teaching is no longer possible outside of school, international schools are getting "localized" and foreigners basically squeezed out. Chinese tourism was weaponized due to the sheer impact to economies of countries around the world, typically in South East Asia, and our neighbourhood. No longer the case - Chinese cannot travel for pleasure, and soon they will be unable to travel for education.

This is a massive step backward but he lives in an echo chamber whose only input seems to be the certified nutcase Wang Huning. It won't end well for the Chinese people. China was unstoppable but is now busy scoring self-goals.
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

Now that the PSC members and their order of precedence are known, the question is who is the likely heir-apparent of XJP.

I was looking at the 17th Congress which setup the leader(s) to follow Hu Jintao & Wen Jiabao.

The members were Hu Jintao, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang.

Xi Jinping & Li Keqiang were the new inductees. All the rest wouldn't meet the 8-down criterion by the next Congress. The succession was therefore quite clear. XJP ranked above Li Keqiang which clearly meant he would be the President in the 18th Congress.

In the 20th Congress, the ages of members of PSC are:
Li Qiang, 63; Zhao Leji, 65; Wang Huning, 67; Cai Qi, 66; Ding Xuexiang, 60; Li Xi, 66

This means that except for Ding, the rest will retire by the 21st Congress. If Li Qiang becomes Premier now, then Ding Xuexiang is the likely successor for XJP, provided XJP relinquishes. Ding is also supposed to be a close confidante of XJP and their association goes back to XJP's Shanghai days. It is said that he attends all sensitive meetings along with XJP, unsurprising because he is his Chief of Staff or Cabinet Secretary or similar ranking.
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

Since the Han Dynasty that succeeded the Qin and set the ton for China, all dynasties reverted to the mean of Han dynasty.
I too was thinking that Mao and his excess were outliers. The process set by Deng onwards was to revert to the Han dynasty mean.
So agree that the China watchers were misled by their own red glasses to not see that.

That's the danger of binary thinking.
Overall, the indelible imprint of Middle Kingdom ambitions in the Han DNA would have driven a Li or a Bo or anybody else for that matter to more or less behave in the manner of Xi once a critical mass is achieved.
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

China’s Hu Chunhua loses Politburo seat, raising doubts about political future - SCMP
Once viewed as a top candidate for China’s uppermost echelon of leadership, Hu Chunhua exited the Politburo on Sunday, leaving lingering questions about his fate.

Not only did Hu fail to gain a spot on the Politburo’s seven-strong Standing Committee, he also lost his seat on the Politburo.

Hu is one of four vice-premiers of the State Council, China’s cabinet, but he will lose this position as Politburo membership is a precondition for the role.

He has retained his seat on the Central Committee, a senior political body with 205 full members.

Hu’s exit from the top has surprised many, as the 59-year-old is still nine years shy of the customary retirement age for his position. He has been a loyal enforcer of Xi’s grand poverty alleviation project and has promoted trade amid disruptions.

Henry Gao, a Chinese law professor at Singapore Management University, said Hu’s demotion from the Politburo marked the beginning of “Xi’s reign”.

This is the start of an era where even the party’s own political conventions on age and balance of different factions are discarded. There is now only one criterion for appointment to the top party decision-making body: loyalty to Xi,” Gao said.

Since 1998, all Guangdong party chiefs have ended up in top jobs on the Politburo Standing Committee, with Hu now the only exception.
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Re: Understanding New China After the 19th and 20th Congresses

Post by vijayk »

Image
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Re: Understanding New China After the 19th and 20th Congresses

Post by Lisa »

ramana wrote:Since the Han Dynasty that succeeded the Qin and set the ton for China, all dynasties reverted to the mean of Han dynasty.
I too was thinking that Mao and his excess were outliers. The process set by Deng onwards was to revert to the Han dynasty mean.
So agree that the China watchers were misled by their own red glasses to not see that.

That's the danger of binary thinking.
Overall, the indelible imprint of Middle Kingdom ambitions in the Han DNA would have driven a Li or a Bo or anybody else for that matter to more or less behave in the manner of Xi once a critical mass is achieved.
Would anyone point me to where I can read more on "mean of Han dynasty" and "Middle Kingdom ambitions in the Han DNA". Thank you.
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Re: Understanding New China After the 19th and 20th Congresses

Post by SSridhar »

^ Try ‘Becoming China’ by Jean Marie Gescher
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Re: Understanding New China After the 19th and 20th Congresses

Post by Lisa »

Thank you again.
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Re: Understanding New China After the 19th and 20th Congresses

Post by g.sarkar »

https://www.bbc.com/news/world-asia-china-63225277
Xi Jinping's party is just getting started
Rupert Wingfield-Hayes, 24/10/2022

Comparing Xi Jinping to Mao Zedong is "inane", scoffs Rebecca Karl, a professor of Chinese History at New York University.
"If you're going to compare two people, it has to reveal something. It's like comparing Putin to Stalin or Liz Truss to Margaret Thatcher."
At first glance, the parallels are striking. Chairman Mao, as he was known, was the defining political figure of 20th Century China. He ran the Communist Party - and the country - from the republic's founding in 1949 until the day he died in 1976. No other Chinese leader has since come close. Until now.
On Sunday Xi Jinping became the first leader since Mao to be chosen as party chief for a third term. In his decade at the top, he has centralised power in his own hands, ruthlessly eliminated rivals, promoted a cult of personality, shut down criticism, and had his ideology - Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era - enshrined in the constitution. He is known, only half-jokingly, as the Chairman of Everything.
But it's still a mistake to draw a straight line from Mao to Xi, Prof Karl argues, because it dismisses all that came in between - and the Chinese who dreamed or fought for a different country.
"It suggests autocracy is in their blood, it's in their water or it's in their culture," she says.
The truth is Xi's path to power was far from inevitable. And it's defined as much by his ambition as it is by the party's failure to prevent what they did not want - a repeat of Mao's disastrous one-man rule.
"My first introduction to China was in the 1980s, when the debates about China's future were huge, significant, and consequential," Prof Karl says. "The party itself was involved in those debates. But 1989 shut that down."
In 1989 - as the Soviet Union was breaking up - China's hopes for change were crushed by tanks and automatic gunfire.
'We came too late'
The country was still recovering in that decade or so following Mao's death. Tens of millions had died on his watch - first from hunger because of his devastating mission to industrialise China overnight; and then in the violent, paranoid purges of rivals, dissidents, intellectuals and "class enemies".
Mao's mantle eventually fell to Deng Xiaoping, who had survived two purges, and insisted on collective leadership that would change every 10 years.
By 1989, that included General Secretary Zhao Ziyang, a reformist.
In the spring of that year hundreds of thousands of students and workers occupied central Beijing to protest against corruption and rising prices, and demand reform. Behind the high walls of the Communist Party's leadership compound, Zhongnanhai, the party's top rung split. Moderates led by Zhao tried to use the protests to push further reform. Hardliners, led by Premier Li Peng, believed the students' goal was to overthrow the party, and wanted the protests quashed.
Zhao visited the protesters, urging them to call off their strike in what is now a historic speech: "We came too late. It's right for you to talk about us and criticise us any way you want... We're all old and it doesn't matter to us anymore. But you're still young, you should take care of yourself."
At the end of May the hardliners won. Early on the morning of June 4, the tanks rolled in. The massacre at Tiananmen Square ended debate about political reform. Instead, the Communist Party turned to economic reform.
......
Gautam
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

The first Chinese Empire was the Qin dynasty with the First Emperor Qin Shu Haung Di.
Earlier to that there were Chinese kingdoms since 1800 BC.
Qin Shu Huang unified seven warring states.
Qin dynasty was short-lived.

Liu Bang established the Han dynasty which ruled for ~400 years.

So Han dynasty is the Imperial dynasty that all succeeding dynasties emulated.

https://en.wikipedia.org/wiki/Han_dynasty

Hanification of China is what is the aim even now.
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Re: Understanding New China After the 19th and 20th Congresses

Post by rahulm »

Pacific power struggle between China and US set to escalate after Xi Jinping locks in leadership

The Aussies have stepped up their rhetoric. The report is mostly about the jostling in the Pacific and Tai-Wan.
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

Well keeps them of LAC focus.
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Re: Understanding New China After the 19th and 20th Congresses

Post by vera_k »

Smart money is saying is that the China story is over.

U.S.-Listed China Stocks Crash
The Nasdaq Golden Dragon China Index fell to lowest level since 2013
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Re: Understanding New China After the 19th and 20th Congresses

Post by rsingh »

I think Brites are trying ti outdo each other by bringing out strange names in long articles. Thing is China is not a democracy. There is no chance of bringing any opposition. We will see when it happens. One thing is that China will be more aggressive. XI had enough time. He tried his best. I think we are reading too much.JMT
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Re: Understanding New China After the 19th and 20th Congresses

Post by Denis »

Times Now: Chinese prez Xi Jinping promotes three India border command generals to top posts - details.
https://www.timesnownews.com/world/chin ... e-95061614
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

An article on China's response to two clashes with nuke powers the US and the FSU.
viewtopic.php?p=2568207#p2568207

My takeaway with regard to the 2020 clash with India.
Having read this account of Korea and Ussuri River clashes what lesson can we take with regard to India and China since 2008?
The early salami slicing was to test the Indian response after the IUCNA (2008) to see how India would respond.

The Indian response to Galwan is what re-set the trajectory.
All these commander-level talks are to restore the status quo. And are by nature slow as its a long border.

In the short, Galwan clash and subsequent Kailash ranges takeover is a replay of the Ussuri River clashes.

Just like at the Ussuri River clashes, there was an element of "India fears China" working during Galwan.

India did not make nuke threats but did take the response to the economic front which also hurt China and further escalation would be on a slippery slope.
So both China and India are nuke powers. And kept the incidents at the clashes or skirmishes level. No limited war rhetoric.

What India did was exhibit firm resolve at Galwan and subsequent places like Kailash ranges and kept repeating status quo ante of April 2020 must be maintained.
Along with these steps, India imposed economic measures on China's trade and investments in India. This transferred the pain to mainland China which saw both the Galwan casualties and job losses. In other words escalation at the LAC border has consequences inside China.
In what way? The above article says China backs down when survival is at stake.
But border clashes at LAC how could they affect China's survival?

Here comes the mapping of Communist China as another Chinese Empire and the CPC as another Chinese dynasty.
Looses at LAC would weaken the Mandate of Heaven of the CPC.
XJP in the 19th Congress in 2017 had made CPC the State in a Louis the XIV moment. ""L'Etat c'est a moi": Louis XIV and the State"
So further escalation during the pandemic could weaken the party hold and we see in the 20th Congress the Hun Jintao faction was purged.
Now add US pressure via Quad and Taiwan. All these could bring back memories of COH.

This is the most logical explanation that fits why PRC is agreeing to talks with India.
If this is right then Taiwan, which can affect the CPC's ideological status quo, will be a hot spot.
And in his speech to the 20th Congress XJP referred the most times after Security.
I submit security and Taiwan are both related.
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

Denis wrote:Times Now: Chinese prez Xi Jinping promotes three India border command generals to top posts - details.
https://www.timesnownews.com/world/chin ... e-95061614
Quite an expected move.

Its for restoring status quo in side CPC
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

Some people asked what do I mean Chinese globalists role in LAC.
The way I see it is :

Hu Jintao followed Jiang Zemin in 2002. The RaGa-Beijing Accord was signed under his leadership.
Same time IUCNA was reached with US. China still withheld NSG membership and continues.
Then salami-slicing tactic of Ussri River clashes was started.

XJP was handed a globalist policy that he implemented in toto till Galwan River.
Dokhlam was to assuage Globalists followed by Galwan.
NaMo reaction showed not viable and could harm CPC.
So globalists launched failed coup.
Now they are purged.
And XJP's focus is on real challenges to the status quo of CPC i.e. Taiwan and the Pacific Ocean.
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Re: Understanding New China After the 19th and 20th Congresses

Post by Anujan »

vera_k wrote:Smart money is saying is that the China story is over.

U.S.-Listed China Stocks Crash
The Nasdaq Golden Dragon China Index fell to lowest level since 2013

Chinese companies cannot list in the US. Every one of them, including Alibaba, is listed through "Variable Interest Entity", the legality of which was always shady and always vulnerable to the Chicoms pulling the rug from under them. Technically foreign ownership and investment in "value-added telecommunications services" which means most internet companies, is prohibited by PRC. Then how do these companies list in the NASDAQ?

This is how it works (vastly simplified in inaccurate)

In the case of Alibaba, Alibaba Group Holdings Ltd is a SPV incorporated in cayman islands. It is a shell company, they do not make anything. Investors buy shares of this company. The company holds shares in alibaba holdings ltd hong kong, at the rate of 1 cayman islands share = 8 hong kong listed share. The alibaba holdings ltd in hong kong has entered into a contractual agreement for getting all the future profits of the actual alibaba company.

So technically owning alibaba shares does not give you a ownership rights to alibaba, it is just ownership rights to a company which has entered into a contract with alibaba. Chicoms can pull the rug from under this at any time by passing a law that companies cannot get into such contracts.

Second reason is that Emperor Eleven felt that all the Tech moguls had become too big for their shoes. Jack Ma gave the famous speech that Banks were ossified, and if banks dont change, Ant Financial will change the banks! Emperor Eleven cracked down and Ant's IPO was scrapped. Parts of Ant became state owned entities (think of banks getting nationalized). The tech sector had a bloodbath. Rumor is that Li Keqiang is the one who reversed many of these decisions, and let the tech sector have a breather and went against Emperor Eleven

Now Li Keqiang is out of the picture.

Would you now go and buy Alibaba stock?
NRao
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Re: Understanding New China After the 19th and 20th Congresses

Post by NRao »

Anujan wrote:
vera_k wrote:Smart money is saying is that the China story is over.

U.S.-Listed China Stocks Crash

Chinese companies cannot list in the US. Every one of them, including Alibaba, is listed through "Variable Interest Entity", the legality of which was always shady and always vulnerable to the Chicoms pulling the rug from under them. ..........
However, they do get American money to fund their growth and R&D, right? Just checking.

If true, then this "crash" would mean a decline in funds???
ramana
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

Analysis keeps coming on the outcome of the 20th Congress


Per this analysis, the CYL group has been made powerless.
And the analyst thinks reform is over.

To understand we need to know what is reform.
And reform of what?
Further data is needed.
VinodTK
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Re: Understanding New China After the 19th and 20th Congresses

Post by VinodTK »



What happened at the Chinese consulate?
ramana
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Re: Understanding New China After the 19th and 20th Congresses

Post by ramana »

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