Sunday, November 12, 2023

Did Xi do it to Li?

 Last month, "Two dozen leaders and more than a hundred delegations, largely from the Global South, came together for a packed schedule of forums and bilateral meetings revolving around Chinese leader Xi Jinping's signature Belt and Road Initiative (BRI)," but "The event was attended by 24 leaders - far fewer than the 37 who traveled to the previous BRI forum four years ago." "China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world...with an estimated 80% of loans supporting countries in financial distress." "Beijing says upwards of 150 countries stretching from Uruguay to Sri Lanka have signed up to the BRI." ET. "China slid back into deflation in October," as "China's National Bureau of Statistics said...that consumer prices fell 0.2% on-year in October and 0.1% since September." "Factory deflation continued for the 13th straight month in October." BT. "China, for the first time, has seen more outflows of foreign direct investment than inflows as tensions rise with the US semiconductor technology and concerns about a rise in anti-spying activity heighten risks, Nikkei Asia reported." ET. However, economic problems can occur and can be corrected over time. More ominously, prominent people in China have been disappearing recently. "Li Keqiang, once the second most powerful man in the ruling Chinese Communist Party, has died at the age of 68." BBC. Apparently, he suffered a sudden heart attack while on holiday in Shanghai and attempts to revive him failed. Li's death resulted in a public outpouring of grief. "Muted state coverage of his funeral stands in contrast to the outpouring of sorrow among ordinary Chinese people," and analysts believe that "people are mourning as much for the man as the loss of what China could have been under his leadership." BBC. This summer, in a conclave at Beidaihe in Hebei province, "a group of party elders reprimanded the top leader in ways they had not until now. Xi later expressed his frustration to his closest aides, according to information gathered." HT. "A source familiar with the situation in Beijing's Zhongnanhai area, where Chinese dignitaries have their offices, called Li's death the 'third act' of a 'bizarre' story that had been unfolding since the party's 20th national congress in the autumn of 2022," and "suggested that Li was actually behind the harsh advice party elders carried to current leaders in Beidaihe." Nikkei Asia. In recent months, China's Defense Minister Gen. Li Shangfu and Foreign Minister Qin Gang have disappeared from public view and have been stripped of their titles as state councillors without any explanation. NBC. Two senior generals of the PLA Rocket Force have been disappeared and "deputy commander Wu Guohua died in Beijing on July 4, but news of his demise mysteriously did not appear in the mainland media until July 27." The China Project. Li Keqiang had already retired. Disappearing him was pointless. But he was popular and still had influence with party elders. So, was it a heart attack that killed him? Or, did Xi have a hand in it?    

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