Hu’s defeat vs. Jiang’s victory
We disagree with media reports that China’s new Politburo Standing Committee is dominated by relatively conservative members. What we see is a complete defeat of current President Hu’s Chinese Communist Youth League (CCYL) clique and a victory of retired President Jiang’s Shanghai clique. In recent days, Jiang’s unusually frequent and high-profile public appearances suggest he is still highly influencing policy making and senior official appointments.
As a result, except for new President Xi Jinping (not necessarily associated with any clique) and new Premier Li … [visit site to read more]