Such a move by Chinese regulators is highly unusual, if not unprecedented, people familiar with the matter said.
“Radio Free Asia” interpreted this incident as “the good days of princelings are coming to an end”, arguing that Wall Street and large international investment banks have employed the second generation of officials and princelings for many years to open the door to the Chinese market, such as , Wen Jiabao’s daughter Wen Ruchun once served as an executive at Credit Suisse and JPMorgan Chase, and Zhu Rongji’s son Zhu Yunlai also worked at Credit Suisse. This time, the CCP’s warning to foreign investment banks may be a signal that Xi Jinping is going to take action against the princeling group on Wall Street.
The source pointed out that Wall Street and CCP high-level officials made a fortune, which began when Jiang Zemin was in power. Jiang Zeng and others, while playing tricks in the financial field, released the news that Xi could not be re-elected for three consecutive terms through Wall Street contacts. In order to protect himself, Xi Jinping may attack this part of the CCP elites in the name of anti-corruption.
In addition, there are traces of power behind the sensational Tangshan barbecue restaurant beating incident.
Political and economic scholar Yan Chungou mentioned on Facebook, “The live video of the Tangshan incident was accidentally circulated on the Internet, and it was not blocked by the Cyberspace Administration of China, which made the incident ferment and ignited the fire of public opinion. This is a very strange thing. Now the video has been released. It has spread to Western countries such as Britain, the United States, and Japan, so that the Western government and opposition have a deep understanding of the current situation of Chinese society.
“Epoch Times” commentator Yue Shan’s interpretation is that there are infighting factors behind this. According to the Xinhua News Agency’s release on the 12th, under the unified deployment of the Ministry of Public Security and the Hebei Provincial Public Security Department, 9 suspects in the Tangshan incident were arrested, and the case was designated by Langfang. City Guangyang Branch Investigation Office. The director of the Hebei Provincial Public Security Department took office on May 27, and Liu Wenxi, the former deputy head of the Disciplinary Inspection and Supervision Team of the Ministry of Public Security of the Central Commission for Discipline Inspection, was parachuted into office.
Yue Shan said that several pieces of information were revealed here. First, the case was handled in a different place, indicating that Tangshan officials should avoid it, and the Tangshan officialdom would be “quake” in the future. Second, the newly appointed Hebei Public Security Director had the background of the Central Commission for Discipline Inspection and was suspected to have come prepared. The department will also have something to do; the third information is more critical, that is, under the unified deployment of the Ministry of Public Security to arrest 9 persons involved in the case, and the Public Security Department is now in control of Wang Xiaohong.
Yue Shan mentioned that Zhao Kezhi, the current Minister of Public Security, who was almost overridden by Wang Xiaohong, was a former secretary of the Hebei Provincial Party Committee. Hebei was the political backyard where Zhao Kezhi made his fortune in the era of Xi Jinping. The Tangshan incident may be Wang Xiaohong’s use of his strength to attack Zhao Kezhi. It is not only a big play of high-level dog bites, but also a step for Xi Jinping to fight back against his political enemies before the 20th National Congress of the Communist Party of China.
Wu Guoguang, former general secretary of the Communist Party of China Central Committee Zhao Ziyang think tank, estimated in an exclusive interview with Fa Guang in May this year that Xi Jinping would carry out a political purge of high-level politicians before July or August at the latest. Now that this time is getting closer and closer, the CCP can copy the situation before the 18th and 19th National Congress at any time, and there is a slump at the level of the Politburo member.