[EpochTimesOctober092021](Epoch Times reporter Zhang Mingjian reported) Under the background of Beijing authorities regulating the real estate market, the real estate developer Fantasia was in financial crisis. Founder Zeng Baobao posted on her Weibo The poster of the movie “Darkest Hour” and said that he was disgusted by his father. Analysts believe that the family company is in crisis, which shows that Zeng Qinghong is in trouble.
Zeng Baobao’s father, Zeng Qinghuai, was the special commissioner of the Ministry of Culture of the Chinese Communist Party in Hong Kong (in fact, the Chinese Communist Party controls Hong Kong’s cultural and entertainment industry through him); his uncle is the Chinese Communist Party’s national leader Zeng Qinghong. Zeng Baobao’s family is a typical red noble family in China.
On the last day of last month, Fantasia’s shares were temporarily suspended from trading on the Stock Exchange. Then, Fantasia failed to repay the debt of approximately US$206 million that was due on October 4. The rating agency Fitch downgraded Fantasia’s rating from “B” to “CCC-“, reflecting the existence of a great risk of debt default.
Established in 1996, Fantasia is one of China’s top 100 real estate companies in 2020, ranking 51st, and Evergrande Real Estate ranked first. The development model of Fantasia is similar to that of Evergrande Real Estate, which has carried out radical expansion through massive borrowing. But both companies are now in financial crisis. The debt scale of Fantasia is about 12.4 billion U.S. dollars, which is still a big gap compared to the 100 billion debt of Evergrande Real Estate, but that’s it, Zeng Qinghong can’t save Zeng Baobao and Fantasia.
Zeng Qinghong used to be the Vice President of the Chinese Communist Party. He is the number two figure in the political power Jiang Zemin’s faction.
Current commentator Dr. Tianliang Zhang said that if Zeng Qinghong is still in power, it is very simple for him to give money to whom he can transfer hundreds of millions or billions of dollars from the bank in one sentence. It is possible to lend to Zeng Baobao, but now Zeng Baobao’s inability to borrow money does show that Zeng Qinghong is in trouble.
After Xi Jinping took office, he used the force of “anti-corruption” to cut off Zeng Qinghong’s party members in the core of power by cutting his skirts, and now he is close to Zeng Qinghong himself. So how did Xi and Zeng turn against each other?
Before he became the general secretary of the Communist Party of China, Xi Jinping had no factional power of his own. Zeng Qinghong proposed at the Seventeenth National Congress of the Communist Party of China that Xi Jinping should take over as the next General Secretary of the Communist Party of China, mainly for this reason. He believes that Xi Jinping is easy to manipulate.
When the 17th National Congress of the Communist Party of China convened in 2007, various factions fought fiercely around the struggle for the successor of the Communist Party leader. Several candidates cultivated by Jiang Zemin and Zeng Qinghong were all dismantled and vetoed by the political opponents and then General Secretary of the Communist Party Hu Jintao faction, while Hu Jintao faction The proposed candidates cannot be accepted by other factions either.
At the time of the stalemate, Zeng Qinghong introduced a compromise candidate-Xi Jinping. A 2007 US diplomatic message on the “WikiLeaks” website confirmed this incident.
According to the message, the Communist Party, based on factors such as the balance of factions within the party, promoted Shanghai Municipal Party Committee Secretary Xi Jinping to the Politburo Standing Committee at the 17th National Congress of the Communist Party of China and became the successor of General Secretary Hu Jintao.
But Jiang Zemin and Zeng Qinghong do not trust Xi Jinping. Once a more suitable candidate appears in the Jiang and Zeng factions, Xi Jinping may be in danger. Some things that happened later proved this point. Xi Jinping was just a transitional candidate selected by Zeng Qinghong. According to a series of reports in the “New Era” weekly magazine, Zeng Qinghong set himself the role of the ambitious regent hiding behind the screen.
Danger has never left Xi Jinping until before he officially took office, a major event happened in China, prompting the United States to become passively involved in the bloody struggle within the Chinese Communist Party.
Coup plan exposed
On February 6, 2012, before Xi Jinping came to power, a senior official disguised as a woman entered the U.S. Consulate in Chengdu to seek political asylum, and left “voluntarily” one day later. He was finally sentenced to 15 years in prison by the Chinese Communist Party.
Three days after the incident, the spokesperson of the US State Department confirmed that Chongqing Deputy Mayor Wang Lijun had gone to the US Consulate in Chengdu to meet with US personnel, but then “left on his own.”
This incident is called the “Wang Lijun Incident.” Soon, more information began to flow out.
One week after Wang Lijun left the U.S. Consulate, former “Washington Times” senior writer Bill. Bill Gertz published a long article “House Probes Botched Defection in China” on “Washington Free Beacon”, revealing for the first time that Wang Lijun’s leadership in Chengdu Details of the overnight stay in the museum.
Two U.S. officials revealed that Wang Lijun provided the U.S. with materials on high-level corruption in the Chinese Communist Party, including materials about Bo Xilai, secretary of the Chongqing Municipal Party Committee. “Washington Times” published Goetz’s article saying that one of the officials said that Wang Lijun’s control of the high-level power struggle of the Chinese Communist Party is extremely precious, involving Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China, secretary of the Political and Legal Committee, and how hard-liners like Bo Xilai think Bring down Xi Jinping and prevent him from succeeding smoothly.
At almost the same time, Bo Xilai and Zhou Yongkang’s coup plan against Xi Jinping was exposed.
They have drawn up a complete plan to attack Xi Jinping and prepare to implement it after the Chinese New Year. The plan is to first release all kinds of accusations and criticisms against Xi Jinping through overseas media, weaken Xi Jinping’s power, and then help Bo Xilai take over as secretary of the CCP Political and Legal Committee. When Bo Xilai mastered the police and armed police systems, when the time allowed, he forced Xi Jinping to hand over power.
One month after the “Wang Lijun Incident”, on March 15, 2012, Bo Xilai was arrested as secretary of the Chongqing Municipal Party Committee; Zhou Yongkang was also sacked at the end of that year. In the end, Bo Xilai and Zhou Yongkang were sentenced to life imprisonment, and they are still serving their sentences. Subsequently, some senior officers in the army were dismissed, and most of them were sentenced to heavy sentences, including the two Vice-Chairmen of the Military Commission in charge of the army, the commander of the armed police force, and the commander of the large military area.
The officials involved in this coup have one thing in common. They are all members of the Jiang Zemin and Zeng Qinghong factions.
The Epoch Times reported exclusively that Zeng Qinghong was the mastermind behind the coup, and after the Bo Xilai and Zhou Yongkang incidents, the coup plot against Xi Jinping was not stopped.
Xi JinpingfightZeng Qinghong
After the coup plan against Xi Jinping was exposed, Xi Jinping completely turned against Jiang Zemin and Zeng Qinghong and turned to alliance with their political opponent Hu Jintao faction.
In the second year of Xi Jinping’s administration (early 2013), he launched an “anti-corruption” campaign.
“Xi Jinping’s anti-corruption campaign is actually a’Qing Party’ and’Qing Army’ action against this coup.” Voice of America quoted a media person as saying.
“Anti-corruption” so far, thousands of CCP officials have been dismissed, some have been sentenced to jail, some have been punished and lost their officials. Only nearly 400 officials have been dismissed at the vice-provincial and ministerial level. Positions include secretary of the Political and Legal Committee, Minister of Justice, Governor, Secretary of the Provincial Party Committee, Commander of the Armed Police Force, Chief of Staff, Vice Chairman of the Military Commission, Chairman of the China Securities Regulatory Commission, etc… Most of the officials who lost their horses were of Jiang and Zeng faction.
In 2015, “anti-corruption” approached Zeng Qinghong. In January of that year, the official website of the Central Commission for Discipline Inspection published an article “There is no “iron hat king” for corruption”. In February, the Central Commission for Discipline Inspection published an article “Issues on the Style of Qing Qing’s “Naked Official” Prince Qing”.
Prince Qing was a hereditary prince canonized by the late Qing government. He was called the “Prince Qing with an Iron Hat” at the time. Prince Qing was a greedy and extravagant official and was infamous.
Zeng Qinghong and Prince Qing share the same word for “庆”, and the outside world generally believes that this is the insinuation of Zeng Qinghong by the Xi Jinping authorities. According to the conventions within the CCP system, this is a prelude to Zeng Qinghong.
Zhang Tianliang analyzed that the official media’s repeated mentions of “Prince Qing” and “Iron Hat King” were to imply that Zeng Qinghong had an accident and was laying the groundwork for public opinion. This suggestion was a bit like the rhythm before Zhou Yongkang’s accident.
However, Zeng Qinghong did not fall from the horse since then, but was even more low-key.
Xi Jinping let go of Zeng Qinghong, and Zeng Qinghong supported Xi Jinping’s third re-election at the 20th National Congress of the Communist Party of China in 2022. Zhang Tianliang said that this was a deal between Xi and Zeng at the time, but this deal has recently been broken. Zeng Qinghong The family is now facing Xi Jinping’s encirclement and suppression, and Xi and Zeng are inevitably fighting.
Zeng Qinghong’s family company has fallen into a debt crisis in Fantasia, which is extremely unusual in the red China where the party and the state are integrated.
At the same time, the official website of the Central Commission for Discipline Inspection has recently published articles from time to time reiterating that “there is no’iron hat king’ in anti-corruption”, which once again aroused speculation and widespread concern that Zeng Qinghong was in trouble. @
Editor in charge: Shao Yi