On August 3, 2015, Chen Peixiong, a researcher at the Guangdong Industry Development Institute, published a commentary in Hexun stating that few understood the reason for the failure of the Chinese stock market. He proposed that competition among multiple stock markets might save the Chinese stock market.
Xi Jinping Is Determined to Put an End to the Dominance of Jiang Zemin
China Gate and several other overseas Chinese websites translated an article from the Diplomat on Xi Jinping’s anti-corruption campaign in the Chinese military. According to the Diplomat‘s article, Xi Jinping’s decision to expel both Xu Caihou and Guo Boxiong from the Party for corruption "reflects his determination to put an end to the dominance of Jiang Zemin," who was the former chairman of the Central Military Commission (CMC) and general secretary of the Chinese Communist Party. Jiang Zemin promoted Xu Caihou and Guo Boxiong to the positions of vice chairmen of the Central Military Commission and Politburo members. "Guo and Xu continued to pay allegiance to Jiang Zemin even after he retired as CMC chairman."
Source: The Diplomat, July 31, 2015 & China Gate, August 3, 2015
http://thediplomat.com/2015/07/guo-boxiong-jiang-zemin-and-the-corruption-of-the-chinese-military/
http://www.wenxuecity.com/news/2015/08/03/4459009.html
Indications of No Summer Leadership Meeting in Baidaihe
On August 5, 2015, Xinhua News Agency published a news article titled, “Do Not Wait Anymore; No Meetings in Baidaihe.” According to the article, almost every year since Mao Zedong era until 2003, top current and retired Chinese Communist Party leaders met at the Beidaihe summer resort in July or August. The annual Beidaihe retreat meeting is one of the CCP’s most mysterious meetings. Many major decisions or policies have been made there.
Recently, different sources have speculated on the themes of the coming Baidaihe meeting this August and whether or not one will be held. The Xinhua article recalled briefly the history of the Beidaihe meetings and concluded, “Not long ago, the CCP Central Politburo met twice, on July 20 and on July 30, which was unusual. They have already discussed "the Thirteenth Five-Year Plan," the CCP Fifth Plenary Session, economic strategies, the "anti-tiger campaign," and other important issues. The article questioned, "Is it meaningful, necessary, or possible to talk about these issues again in Baidaihe several days or ten days later?”
Source: Xinhua News Agency, August 5, 2015
http://www.ennweekly.com/2015/0805/16012.html
http://news.xinhuanet.com/politics/2015-08/05/c_128096703.htm
New York Times, August 4, 2003
Chinese Communist Party Officials Required to Lecture University Students
China’s 2014 GDP Consumed a Quarter of World’s Energy
Global Times: Chinese Navy Held Military Exercise in the South China Sea
Xinhua: Eight High Ranking Officials Arrested in the Past 37 Days
Sale of Century Place in Shanghai: The Golden Age of China’s Real Estate Market is Gone
People’s Daily published an article on the fact that [Hong Kong Billionaire] Li Ka-shing, the owner of Cheung Kong Property Holdings Limited, recently sold Century Place in Shanghai. The article said that the sale is an indication that China’s real estate market is slowing down and facing slower or declining growth. The report indicated that the highest bid for Century Place was currently running at 20 trillion yuan (US$3.22 trillion). Cheung Kong Property acquired Century Place 11 years ago for 12,000 yuan (US$1,932) per square meter. It is expected to sell for over 70,000 yuan (US$11,272) per square meter. The report stated that if the sale goes through, it will be Li Ka-shing’s 6th property sale in the past two years. In the same period, Li he has not made any new acquisitions.
Source: People’s Daily, August 1, 2015
http://house.people.com.cn/n/2015/0801/c164220-27395200.html