Tuesday, September 11, 2012

Signs of China’s Political Turmoil? China’s VP Xi Jinping Vanishes

Rumors swirl over over China’s VP Xi Jinping’s disappearance from all official functions.

From Financial Times,

Where is Xi Jinping? The man anointed to run the world’s most populous nation and second-largest economy has disappeared from public view just weeks before his expected elevation to lead the Chinese Communist Party.

Over the past week Mr Xi has cancelled at least four scheduled meetings with visiting dignitaries including a Russian delegation, Singapore’s prime minister and US secretary of state Hillary Clinton last Wednesday and the prime minister of Denmark on Monday…

Mr Xi’s mysterious disappearance has sparked speculation about his whereabouts and renewed political infighting just months after the purge of senior Chinese leader Bo Xilai shook the ruling party. It also underscores the opacity and lack of a strong institutionalised mechanism for transferring power in China’s authoritarian one-party political system.

A Bloomberg article says this may be about “health” reasons

I have been saying that the apparent policy dithering to mount bailouts, given the Keynesian propensities of the incumbent, may have been a consequence of the ongoing power struggle within China’s government.

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