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Great article by @Lingling_Wei underscoring how elite politics and competition for power and wealth affects Xi Jinping’s calculus.
Xi is not making allies of the powerful Red Families and is willing to suppress them as he feels necessary. https://www.wsj.com/articles/china-blocked-jack-mas-ant-ipo-after-an-investigation-revealed-who-stood-to-gain-11613491292?reflink=share_mobilewebshare
Xi is not making allies of the powerful Red Families and is willing to suppress them as he feels necessary. https://www.wsj.com/articles/china-blocked-jack-mas-ant-ipo-after-an-investigation-revealed-who-stood-to-gain-11613491292?reflink=share_mobilewebshare
Xi Jinping and the Red Families struggling over wealth is not a new story. https://twitter.com/haidilun/status/966876746506158081
The Anbang Insurance saga involves powerful political families including Deng Xiaoping, Zhu Rongji’s ensconced in the world of finance.
Xi’s efforts to rein them in point to internal struggle that affects policymaking in ways we do not fully understand. https://www.ft.com/content/d8c7c12b-b3cf-490a-989b-d64c089a8164
Xi’s efforts to rein them in point to internal struggle that affects policymaking in ways we do not fully understand. https://www.ft.com/content/d8c7c12b-b3cf-490a-989b-d64c089a8164
Last year, I hypothesized about potential consequences of elite competition centered around Xi's third term (or succession) at the 20th Party Congress next year. https://foreignpolicy.com/2020/05/11/china-taiwan-reunification-invasion-coronavirus-pandemic/
Great thread by @PekingMike asks the question why Xi Jinping's family is not intertwined in the Ant Financial holdings. A possible explanation is that they are hidden behind better fronts.
They have to be extra good at hiding or face the patron's wrath. https://twitter.com/PekingMike/status/1361806607986946048?s=20
They have to be extra good at hiding or face the patron's wrath. https://twitter.com/PekingMike/status/1361806607986946048?s=20
