Li Kang Shing is a Hong Kong billionaire, and inspiration to anyone who admires rages to riches dreams. yes, of course he is very much tied in with the powers that be, and watching him tells you much about what is going on in China.
He has been rearranging his investments, in a pattern that suggests he is nervous about the neo-Maoism rising in China.
China has problems, lots of them. The Communist Party needs to keep a lid on things, and will not wait until matters are desperate.
1. Bo Xilai's show trial stands out like a sore thumb among legitimate crack-down on corruption. Bo being sent to his room for a few years will shut up the productive moderates while President Xi cleans house. (Frankly, Bo is safer incarcerated right now than free. I am still betting he'll be back.)
2. Pres. Xi is using China's #1 brand for housecleaning, Mao's Mass Line cleanser. No one in power forgets what was, and to announce mass line correctives could not be more clear as to seriousness. Heads will roll.
3. Pres Xi is on top of the second largest economy in the world, moving up, while its competitors are on the way down. If China goes flat, it will still surpass the USA. Yet for Xi it is casual Friday in dress and accoutrement, circa 1977. That is called leadership. Just as Pope Francis had the Bling Bishop grovelling before him this week, no one called on the carpet by Xi will be able to claim hypocrisy.
Li Ka Shing made his fortune when her realized that China could take Hong Kong anytime in the tumltuous 1960s, but did not. Others were fleeing. China can even more so "take" Hong Kong today. But it has not, nor Macau.
Hot Chinese money is distorting Hong Kong. Xi's reforms may very well help Hong Kong. My bet is it will, although it is unwise to bet against Li.
As a tribute to Hong Kong, Li Ka Shing is famous for being unclear at one point on how officials are elected in Hong Kong. When the government only protects the borders and delivers the mail, then politics is of little interest. And why should it be any more?
Feel free to forward this by email to three of your friends.
He has been rearranging his investments, in a pattern that suggests he is nervous about the neo-Maoism rising in China.
China has problems, lots of them. The Communist Party needs to keep a lid on things, and will not wait until matters are desperate.
1. Bo Xilai's show trial stands out like a sore thumb among legitimate crack-down on corruption. Bo being sent to his room for a few years will shut up the productive moderates while President Xi cleans house. (Frankly, Bo is safer incarcerated right now than free. I am still betting he'll be back.)
2. Pres. Xi is using China's #1 brand for housecleaning, Mao's Mass Line cleanser. No one in power forgets what was, and to announce mass line correctives could not be more clear as to seriousness. Heads will roll.
3. Pres Xi is on top of the second largest economy in the world, moving up, while its competitors are on the way down. If China goes flat, it will still surpass the USA. Yet for Xi it is casual Friday in dress and accoutrement, circa 1977. That is called leadership. Just as Pope Francis had the Bling Bishop grovelling before him this week, no one called on the carpet by Xi will be able to claim hypocrisy.
Li Ka Shing made his fortune when her realized that China could take Hong Kong anytime in the tumltuous 1960s, but did not. Others were fleeing. China can even more so "take" Hong Kong today. But it has not, nor Macau.
Hot Chinese money is distorting Hong Kong. Xi's reforms may very well help Hong Kong. My bet is it will, although it is unwise to bet against Li.
As a tribute to Hong Kong, Li Ka Shing is famous for being unclear at one point on how officials are elected in Hong Kong. When the government only protects the borders and delivers the mail, then politics is of little interest. And why should it be any more?
Feel free to forward this by email to three of your friends.
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