Thursday, March 22, 2012

Are The Coup Rumors Valid In China?



Chinese Coup Watching -- Isaac Stone Fish, The Telegraph

Last week, controversial politician Bo Xilai, whose relatively open campaigning for a seat on China's top ruling council shocked China watchers (and possibly his elite peers, as well), was removed from his post as Chongqing's party secretary. He hasn't been seen since. Rumors of a coup, possibly coordinated by Bo's apparent ally Zhou Yongkang, are in the air.

Western media has extensively covered the political turmoil: Bloomberg reported on how coup rumors helped spark a jump in credit-default swaps for Chinese government bonds; the Wall Street Journal opinion page called Chinese leadership transitions an "invitation, sooner or later, for tanks in the streets." The Financial Times saw the removal of Bo, combined with Premier Wen Jiabao's strident remarks at a press conference hours before Bo's removal as a sign the party was moving to liberalize its stance on the Tiananmen square protests of 1989. That Bo staged a coup is extremely unlikely, but until more information comes to light, we can only speculate on what happened.

Read more
....

My Comment: A coup in China? Not possible .... not in today's China. What happened .... as I had mentioned in a previous post .... was Bo Xilai's flirtation with using Maoist techniques to drum up mass support .... this action and this action alone is what essentially "peeved-off" his peers. Many of these Chinese leaders (and their families) suffered tremendously during the cultural revolution .... and they have zero patience when they see one of their own flirt with it.

No comments: