OMG! Chinese economist Andy Xie that predicted China slowdown last year now says a hard landing is inevitable next year!

[touchring]

Re: OMG! Chinese economist Andy Xie that predicted China slowdown last year now says a hard landing is inevitable next year!

Latest rumor is that Jiang Zemin resurfaced and replaced 2 reformist with conservative old-guards in the poliboro. My guess is that Jiang was responsible for spreading the rumors about Wen and got rid of his people while Wen's hands are tied... I actually welcome this turn of events, as I think it'll help accelerate the onset of next major political turmoil within China...

I thought it would have something to do with Bo case.

This article is interesting:

http://www.theepochtimes.com/n2/opin...ng-311919.html

However, when Jiang Zemin took power, nobody even listened to him. He needed to create a new system and personal authority. What he did was to encourage and promote corruption while selectively using accusations of corruption to get rid of his opponents.
Putting Chen Xitong, then the secretary of the CCP Beijing Committee, in jail was the first time that Jiang used this weapon. Hu Jintao used the same weapon to put Chen Liangyu, then the secretary of the CCP Shanghai Committee, in jail. Both Chen Xitong and Chen Liangyu were members of the Politburo and both had considered posing a challenge to the Party leadership.