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Chinese President launches crackdown on financial tycoons with international ties.
https://www.ft.com/content/19810ea2-5814-11e7-80b6-9bfa4c1f83d2
>A broader campaign to subdue Chinese tycoons will also help eliminate a longer-term threat to the Chinese Communist party in general, and the authority of Mr Xi in particular. Under his leadership the party has methodically neutralised threats to its rule — from rival factions, corrupt officials, the media and liberal activists. But one powerful group, business tycoons, has remained largely untouched — until now.
>This crackdown will be discriminating. A large number of Chinese tycoons will be sitting ducks because of their enormous wealth and questionable political allegiances. Others will be left alone or forced to prove their loyalty. When it is over, we should expect a complete re-ordering of China’s economic oligarchy.
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The more I hear about them lately, the more they sound less like communism and mire like natsoc.
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This is the beginning of the end for China. Xi is going to piss off a lot of powerful people who have very tight connections to (((them))). Expect retaliations. There will be repercussions.
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Literally party infighting
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