Mass Arrests Made at China’s Teetering Evergrande Property Giant | Chinese police descended upon the financial services arm of doomed property giant Evergrande on Saturday night, arresting numerous employees at the company’s Shenzhen offices, possibly including General Manager Du Liang.
... The Evergrande Group said that Du and a half-dozen other managers were “reprimanded” for cashing out their own investments and were ordered to return the money. ... Shares in the China Evergrande Group plunged by up to 25 percent in trading on Monday after the Shenzhen arrests were announced.
The CCP controls the economy, and the economy is tanking, things do not look good for Xi, and he will try to hold onto power somehow.
Things are about to get bumpy.
If I was Taiwan, I'd be watching this very closely.
Every time I go to town, I see one of those evergreen containers sitting in a farmer's field. If I knew who it belonged to, I would ask him to paint it so I'm not reminded every time. But, I guess I'd forever be haunted by knowing it as a painted former evergreen container.