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Media Report
October 27 , 2017
  • Financial Times：China's graft tsar draws remarkable political career to close
    Financial Times reports: "Early in his tenure as the Chinese Communist party's formidable new anti-graft tsar, Wang Qishan met a group of young cadres. 'If you want to succeed in politics you cannot be obsessed with either money or women,' he said to his mostly male audience, according to a person who attended the meeting. Mr Wang was deadly serious. As head of the party's Central Commission for Discipline Inspection over the past five years, he ended the careers of more than 150 'tiger' officials with vice-minister rank or higher... Mr Wang's own career ended on Tuesday when he was not named to the new Central Committee appointed by the party's 19th congress. That... brought the curtain down on one of the most remarkable and distinguished careers in modern Chinese politics. Before heading President Xi Jinping's anti-corruption campaign, Mr Wang was widely regarded as the outstanding financial technocrat of his generation — an accomplished 'fire brigade chief' who could be relied on to extinguish whatever crisis was most worrying his mentor, former premier Zhu Rongji. As he worked to resolve China's biggest ever bankruptcy in 1999, Mr Wang told angry foreign creditors that 'the fundamental principle of a market economy is that the winners win and losers lose'. Mr Wang's credentials as a market-oriented economic reformer suggested he might take a similar approach as anti-graft tsar by bringing more transparency and rules-based procedures to the CCDI's notoriously opaque investigations."
  • Quartz：Time is on the side of these three Chinese Communist Party leaders who could succeed Xi
    Quartz reports: "China's new leadership lineup, unveiled earlier this week, noticeably includes no one young enough to head the country for a decade starting in 2022, when president Xi Jinping is due to retire from his post as Communist Party chief. Breaking with convention, no potential heir apparent in his fifties joined the seven-member Politburo Standing Committee—the apex of power in China. That absence raised the chances that the party leader might linger on beyond his second term. A closer look at the second ring of power, the 25-member Politburo, however, shows three people born in the 1960s who have the qualifications and political capital to succeed Xi. It is possible that Xi could position one of them to be China's next leader in five years, or perhaps later. Time is on their side: Chen Min'er, 56... is considered a protégé of Xi's and a member of the Zhejiang clique, a major component of Xi's faction... Hu Chunhua, 54... Brought up from the Communist Youth League, Hu is considered a favored leadership candidate by ex-president Hu Jintao... Ding Xuexiang, 55... Ding is considered part of Xi's inner circle."
  • The Washington Post：While we obsess over Trump, China is making history
    The Washington Post comments: "While news and analysis in the United States continue to be obsessed with President Trump's daily antics and insults, halfway around the world, something truly historic just happened. China signaled that it now sees itself as the world's other superpower, positioning itself as the alternative, if not rival, to the United States. This is not my opinion based on reading the tea leaves of Chinese politics. It is the clearly articulated view of China's supreme leader, Xi Jinping. In his speech last week to the 19th Communist Party Congress , Xi declared that China is at a 'historic juncture,' entering a 'new era' that will be marked by the country becoming a 'mighty force' in the world and a role model for political and economic development. He asserted that China's 'political system . . . is a great creation' that offers 'a new choice for other countries.' And he insisted that the country will defend its interests zealously while also becoming a global leader on issues such as climate change and trade. Ever since China abandoned its Maoist isolation in the 1970s, its guiding philosophy was set by Deng Xiaoping. At that time, China needed to learn from the West, especially the United States, and integrate itself into the existing international order. According to Deng, it should be humble and modest in its foreign policy, 'hide its light under a bushel,' and 'bide its time.' But the time has now come, in Xi's view, and he said the Middle Kingdom is ready to 'take center stage in the world.'"
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