Bank trouble in China could in turn worsen social and economic instability in China to the detriment of Xi Jinping and the CCP.
◎ Over a hundred residents of Beijing Chaoyang District’s Feijia Village marched in the streets on Dec. 10 to protest the Beijing municipal government’s forced eviction of the “low-end population” from the city.
Political Risk Watch: Chinese Netizens Liken Beijing Migrant Eviction to ‘Anti-Chinese’ Discrimination Abroad
◎ Eviction campaigns like the one in Beijing will exacerbate the already very intense social conflicts and heighten political risk across China’s provinces.
◎ Mainland Chinese press has been carrying reports of child abuse by a kindergarten run by RYB Education since Nov. 22.
◎ How the Xi administration handles the Falun Gong issue will be an important benchmark of his dedication to legal reform.
◎ The CCP declared open season on financial sector corruption after the 19th Party Congress.
◎ The probe of the financial sector will affect the princelings and other high-ranking CCP officials.
◎ Chinese astrologists from Hong Kong note that the exploding meteor is an ill-omen for Jiang Zemin.
◎ Tens of thousands of residents in Renshou County in Meishan City, Sichuan Province took to the streets for several nights starting Sept. 21.