As Chinese President Xi Jinping lures the leaders of major developing economies to condemn protectionism at a G20 summit in Argentina, he and other CCP officials are feeling the head pains as whether to save the Chinese economy or the doom of their Chinese Communist party (CCP).
President Xi knows if he chooses to agree to Donald Trump’s terms of openness of China markets to foreign countries without added conditions, fair play in international trade, and finally taking down the notorious Great Firewall, the days of the CCP are numbered as the truth of its crimes will be revealed under sunshine.
But if President Xi dearly wants a deal, Donald Trump being a perfect businessman must all the way give him a deal, whatever how small that will be.
The Diplomat says, Xi’s problem is that he has to decide which road delivers the least loss of face, because all roads deliver some. As things stand, Xi either has to lose face abroad, or he has to lose face at home.
Its report says yesterday, with the press in his pocket in China, there is no risk of anything but glowing news on the home front. Chinese, however, are accustomed to having to read and interpret the empty spaces in their media in order to get the whole picture. They are skilled at it, too, as evidenced by the jokes and satirical remarks aimed at Xi and the leadership that can be found by the millions on social media (thus the government’s never-ending and somewhat futile efforts to control that media).
White House press secretary Sarah Huckabee Sanders on Friday said with an anti-Beijing rhetoric. “Today, before the start of the G20 summit, President Trump met during breakfast … the two leaders reiterated their shared commitment to face regional challenges such as Venezuela and China’s predatory economic activity.”
President Xi understands fully that more of his threats are from domestic wrestling in Beijing than from Donald Trump’s hawk trade advisers or spokesmen.
According to CCP friendly Bloomberg yesterday, President Donald Trump said he sees “some good signs” ahead of his highly anticipated dinner Saturday with China’s Xi Jinping as the two nations seek to avert an escalating trade war.
It’s a shame for Bloomberg to say that “China is inching in the right direction”.
We don’t know whether the meals at the table will be western style or Chinese, or just unique Argentina cuisine, but surely we are not going to see the good signs that President Xi will have a good appetite with these headaches.
Turning away from the happy or funny faces in Argentina, we are now looking into some very important events in the west which look isolated but closely related to what’s happening in the South American country.
Criminal prosecutors continued to raid Deutsche Bank’s offices in Frankfurt on Friday as they sought evidence on suspected money laundering, according to Financial Times yesterday.
German authorities searched the bank’s offices in Frankfurt for a second consecutive day on Friday as part of an investigation into potential money laundering.
CCN follows with its report that more police raids at Deutsche Bank spell trouble for its new CEO Christian Sewing.
Prosecutors in Frankfurt are looking into whether Deutsche Bank helped customers set up offshore companies in tax havens, while failing to report suspicious transactions.
After the 11.20 Press Briefing by Miles Kwok and Steven Bannon in New York on the Death of Wang Jian and Truth behind HNA Group, wide spread attention from across the world has been drawn to what follows on actions of the newly established global anti-CCP alliance-the Rule of Law Foundation.
In June, the German business magazine WirtschaftsWoche reported that JPMorgan Chase and Industrial Commercial Bank of China could be interested in taking a stake in Deutsche Bank, amid speculation over the fate of China-based HNA Group’s 7.9% holding in the German lender following the death of its chairman, Wang Jian, during a freak holiday accident in France.
HNA said at the time that Wang’s stake in the China-based investment group, estimated to be around 15%, will be “addressed in due course, consistent with his pledge to donate them to charity, and in accordance with all applicable legal and regulatory guidelines.”
This investigation into the Deutsche Bank signifies a start of more legal reactions on an international scale to look into cases related to Miles Kwok’s revelations against CCP corruption and scandals.
Another important event is about the interrupted VOA interview with Miles Kwok in April 2017.
The Voice of America (VOA) reports that it has dismissed the former chief of its Mandarin-language service and suspended another manager following a more than yearlong investigation into the abrupt termination of a live interview with a high-profile critic of the Chinese government.
The agency also said independent investigators found no evidence to support allegations the U.S. government agency caved in to pressure from the Beijing government and may have been infiltrated by a Chinese spy.
VOA Director Amanda Bennett announced the action in an emailed message to staff Thursday, saying the agency “has today removed one Mandarin Service employee and given a period of suspension to another.”
Bennett declined in an interview to identify the individuals involved, saying it is a personnel matter. However, the long-suspended service chief, Sasha Gong, confirmed that she has been dismissed and another manager, Huchen Zhang, confirmed he has been suspended.
Gong, who has publicly accused the agency of cutting off the interview with Chinese businessman Guo Wengui or Mils Kwok because of pressure from Beijing, referred questions to her lawyer, Paul Kiyonaga, who said he and Gong will challenge the dismissal “using all available means of legal redress.”
Another important figure in this case is Robert Phillips Corker Jr., current chairman of the US Senate’s Committee on Foreign Relations.
According to Washington Free Beacon, outgoing Senator Bob Corker is teeing up another parting shot to President Trump by facilitating an effort to undermine his choice to lead the nation’s taxpayer-funded global broadcasting operation, according to several GOP sources.
The Bennett op-ed drew immediate scorn from Sasha Gong, one of five former employees of VOA’s Chinese language division whom Bennett placed on administrative leave and threatened to fire last fall for conducting a controversial interview with a prominent exiled Chinese dissident. The Free Beacon‘s Bill Gertz first reported about their threatened firings.
Gong, as well as Fred Wang and Robert Li, were placed on suspension and investigated for alleged insubordination and violating the radio’s reporting rules.
Gong, however, disputes the reasons for her problems with VOA leadership, saying the live, three-hour interview with Guo Wengui, an exiled Chinese billionaire living in New York, was approved by VOA management but was cut short by VOA officials under pressure from the Chinese government.
Gong on Thursday urged President Trump to save the VOA and get rid of Bennett. And we would like to see that happen as soon as possible.
Reuters reports that China hopes the United States can show sincerity and promote proposals both countries can accept when their two leaders meet at this week’s G20 summit, the Chinese Foreign Ministry said on Friday ahead of the key trade talks.
Let’s see if President Xi and his officials will show any sign of sincerity in “doing good for the Chinese people” and “promising the world with a better future” these two more days.
by Cloudy Seagail and staff writer