In the Sinocism newsletter, a traditional Chinese and American media aggregator, “the absence of reliable leaks so close to the start of the PC congress is remarkable”. This time, “not even rumors” acceptable about the meeting that starts on Sunday.
It refers to the rise and fall of power. “Right now, we’re all guessing”, guessing, but it’s still possible to find some “useful” text.
It starts with Caixin, from Beijing, with the rise of three names to the Politburo, in a decision that jumped one of the most voted, Wang Yongkang, cited in a corruption scandal.
Bloomberg, on the other hand, produced “fascinating” visual reporting, showing that Xi Jinping used tactics such as anti-corruption to break the power of previous leadership and “sponsorship”.
“A key figure to watch from outside Xi’s camp is Hu Chunhua,” the financial service said. “The elevation of Hu, a protégé of former President Hu Jintao, could indicate a significant reaction to Xi within the party.”
Synocism disagrees. “It is very debatable that Hu Chunhua indicates reaction to Xi because he is from the Communist Youth League. Hu has worked hard to separate himself from that faction. If he gets the prime ministership, please be suspicious of any claims that this evidences.” resistance to Xi.”
Reuters, too, has placed its bets, that Ding Xuexiang will join the seven-member Politburo Standing Committee as “Xi’s gatekeeper”; and that “‘liberal’ Wang Yang is possible prime minister”.
In this regard, Sinocism criticizes the “fantasy of Wang Yang” as a liberal in the US, but warns that it has caught on and, “if he becomes prime minister, there will likely be a rise in Chinese and Hong Kong stocks.”
SILENCE ABOUT CHIPS FOR WHILE
The Chinese reaction to the main American pre-congress shot, the veto on the sale of chips to China, has also been “mute”, notes the newsletter – warning, however, that there may be retaliations against Boeing or against US access to rare earths. , more forward.
USA RETREAT ALREADY?
Bloomberg highlighted that Taiwanese TSMC, the world’s largest chip company and the main target of the American veto, announced “a bomb”, a 10% cut in investments.
End of day and, in the South China Morning Post, “TSMC gets a year of lifting US restrictions, avoiding immediate impact” on the giant’s relationship with China.
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