Thursday, May 12, 2022

Xi and China Rumors

Hmmm ...

I do cruise some sites that are sketchy at best ... so no links from them here.

But there is some scuttlebutt floating around that Xi Jinping may be in trouble, and/or that there may have already been a sort of friendly takeover.

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Certainly things are pretty weird in China.

We're now into a third month of severe lockdown blamed on COVID-19. I don't find the zero tolerance story implausible. But I'm starting to worry about the macroeconomic damage. We saw what happened in the U.S. when we shut down for what amounted to about 7 weeks. In what world does that much damage to China make sense, given that we know a lot more about the disease now than we did 2 years ago.

Also, the lockdowns are in major political and economic centers: Shenzen? Shanghai?? Beijing??? 

They also arrested a 90 year old Catholic cardinal in Hong Kong the other day. I don't care what he did ... if he was a mass murderer it would still be pretty weird to arrest someone that age, publicly.

Then there is the public resurgence of Li Keiqang. He was sidelined for 9 years. Now he's back? I posted a couple of months ago that he was being pushed into retirement.

Something's up.


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