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Xi Jinping’s War on Billionaires: Corruption or Purge of Critics?

September 12, 2024 Abhijeet0Tagged anti-corruption campaign, bao fan, billionaires, china, china's elite, Chinese economy, common prosperity, communist party, Corruption, economic cold war, economic power, economic reforms, financial landscape, foreign investment, jack ma, market value, oligarchs, political dissent, political purge, red aristocracy, renaissance holdings, social control, state control, technology sector, tycoons, wealth inequality, wealth redistribution, Xi Jinping

Xi Jinping’s campaign against billionaires in China has sparked intense debate regarding its true motivations—whether it is a genuine anti-corruption effort or a strategic purge of potential political rivals. This complex situation reflects broader themes of power consolidation, economic control, and the balancing act between state authority and capitalist enterprise. Background of Xi’s Anti-Corruption Campaign […]

4 mins read

China’s Risky Bet: Betting Against the US Dollar to Save Its Economy

September 8, 2024September 8, 2024 Abhijeet0Tagged banking losses, china, Chinese economy, currency markets, economic strategy, exports, financial risks, foreign exchange reserves, global economy, inflation, monetary policy, PBOC, US dollar, yuan depreciation

China has been making a bold move in recent months, betting against the US dollar in an attempt to save its currency, the yuan, from further depreciation. However, this strategy is proving to be a costly one, with Chinese banks losing money on a global scale. The Weakening Yuan The yuan has been under immense […]

4 mins read