They quashed one already 26 years ago.
Posted on 08/27/2015 2:35:57 PM PDT by SeekAndFind
The rules of engagement have changed in China.
There was a time when loyalty to the party, and loyalty to President Xi Jinping, meant the government left you alone.
But there is now a crisis on, and even those who thought they might be safe from the president's ongoing crackdown on corruption need to watch their backs.
Someone has to take the fall for a crashing stock market, a slowing economy, and the 145 people killed as a result of an industrial accident in Tianjin earlier this month.
And it's not going to be President Xi Jinping.
On Thursday the news broke that Liao Hong, president and editor-in-chief of The People's Daily Online, has been arrested.
The news has set the country abuzz, and not because yet another powerful figure in China has been taken down.
Liao runs a publication that has shown nothing but loyalty to the government. George Chen, managing editor of the Hong Kong publication The South China Morning Post, calls The People's Daily a "party mouthpiece."
It seems the mouthpiece isn't on message.
(Excerpt) Read more at businessinsider.com ...
Commies being commies. A panacea as far as Hillary and Barry are concerned.
I forget who suggested it, but someone mentioned that Chinese leaders were worried about a Chinese version of the Arab Spring. They shut down news coming from outside China. This person said if China decided to dump Treasuries to destabilize our economy, we should start hacking the Chinese to put outside news into their country.
Xi needs a double Big Mac!
We don't need their money -- the Fed's keep printing up all they want.
How this works is beyond me. I'd have figured that our US dollar would have been rivaling the worth of the Mark of the 1920s Wehrmacht Republic by now -- but apparently our dollar, and printing presses, defy gravity.
If you don’t like the truth, arrest those speaking it.....
~The Song of tyrants
They quashed one already 26 years ago.
In 26 years capitalism has risen in China. Fortunes have been made and now being squandered by government actions. 26 years ago there was some question on which direction the military would go. Maybe that is still true today.
This is good for the West. CEO’s will know what a Chi-com really is now.
One of the great heroes of the last 100 years!
The Fed will step in and just buy them if necessary. Nobody in the US even pays attention. Give us more Caitlyn!
China’s sales will not have any effect: the Fed will buy their T-bills if needed to keep interest rates low. The excess liquidity goes into the equity markets here and in China plumping the big banks’ bottom line. So there is massive inflation- in equities, here, in China and Europe, but as the liquidity does not translate into increased demand for consumer or industrial goods. there’s no Weimar style inflation.
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