How Xi brought down one of the most powerful and feared officials in China: http://bloom.bg/1smOQUn
User Tyler Durden’s post:
As Sun Tzu once said (or was it Bud Fox?), “The supreme art of war is to subdue the enemy without fighting,” and so it is that we suspect President Xi Jinping’s marauding destruction of Zhou Yongkang, among the most powerful and feared officials in China, and his army of corrupt politicians, businessmen, family, and military personnel has won Xi’s war before the real fight begins. What fight are we talking about? Why have we been so focused on Zhou and Xi recently? One glance at last night’s non-manufacturing PMI for China, or the jobs component of manufacturing PMI, or any of the hard data… in the face of a record-breaking credit impulse (and subsequent hangover) leaves Xi wide open for rebellion and revolt among the ruling powers of China should his non-reform create social unrest. By removing Zhou - the most powerful of contenders - Xi has won without fighting, no matter how hard the economic landing becomes.
Comment from reader theXman:
Zhou Yong Kang is removed by Xi because he supported Bo Xilai (remember him), the potential rival to Xi’s claim to the throne. The fac that Zhou was very corrupt just afforded Xi a convenient excuse. In reality, every poliburo member is either himself corrupt or has family members that are very corrupt. But as long as you are on the same side of the ultimate power, you are safe, until power changes hands.
Comment from reader laomei:
Something you must understand about corruption in Chinese politics.
Yes, it exists obviously, but it’s also pretty much mandatory. If a politician is too clean, there is no dirt on them and no reason to trust them and as such they will go nowhere. Quid pro quo is required, as is stepping on toes when you have the support to do so. The fact that they can all be hauled in at just about any given time for corruption charges maintains stability and support for the power brokers. What Xi has been doing is eliminating the old guard establishment, destroying their little corrupt networks while at the same time getting rid of some political rivals whose own interests stand in the way of reforms that are needed.