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Fugitive billionaire Guo Wengui: Communist Party 'destroying itself'
UPI ^ | 08/12/2019 | Elizabeth Shim

Posted on 09/06/2019 10:50:22 AM PDT by SeekAndFind

A fugitive Chinese billionaire who has previously met with U.S. President Donald Trump's former senior counselor Steve Bannon said internal weakness in the Chinese Communist Party raises concerns about its long-term stability.

Guo Wengui, who lives in New York and has pledged to expose political corruption in China, said he has privately met with Chinese Communist Party officials who voice doubts about the future, Taiwan's Liberty Times reported Monday.

Guo, who made his fortune in Chinese real estate before fleeing the country, said one "senior member" is skeptical the annual Beidaihe summit will take place next year, citing political upheaval and internal party divisions, according to the report.

The meeting at Beidaihe holds symbolic importance for the Communist Party. It involves former and incumbent Chinese officials of the highest rank, and takes place in late July or early August each year. The meeting takes place in a resort area about 170 miles east of Beijing.

According to Guo, the Chinese government source said multiple crises are facing the world's second-largest economy, including the protests in Hong Kong, China's economic downturn and fiscal deficit, potential revolt in Xinjiang and Tibet, as well as growing popular opposition toward Internet censorship.

Guo did not reveal the identity of his source, who had recently attended this year's Beidaihe meeting. He said his source "made history" at the 18th National Congress of the Communist Party, held in November 2012. The Chinese billionaire added his description should make it easy to identify his source, and said the "important point, where the Chinese Communist Party is destroying itself, has already begun," according to Liberty Times.

Guo left China after August 2014, when Chinese authorities began to investigate him for corruption. He has claimed he is the victim of false accusations and government graft.

(Excerpt) Read more at upi.com ...


TOPICS: Culture/Society; Foreign Affairs
KEYWORDS: billionaires; china; communist; guowengui; redchina
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Fugitive Chinese billionaire Guo Wengui told Taiwanese media he had a conversation about the Chinese Communist Party with a senior Beijing official
1 posted on 09/06/2019 10:50:22 AM PDT by SeekAndFind
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To: SeekAndFind
WATCH HIS INTERVIEW WITH KYLE BASS LAST AUGUST, 2019 HERE
2 posted on 09/06/2019 10:51:36 AM PDT by SeekAndFind (look at Michigan, it will)
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To: SeekAndFind

It looks like we are in a major competition with China—a race to the bottom. :-(


3 posted on 09/06/2019 10:51:52 AM PDT by cgbg (Democracy dies in darkness when Bezos bans books.)
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To: All

As Mao once said “Power comes from the barrel of a gun” - or something similar to that.

Throw in the power of the reins of government and I suspect the ChiComs won’t go quietly or easily.


4 posted on 09/06/2019 10:55:15 AM PDT by MplsSteve
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To: SeekAndFind

A break-up of the PRC:

Would it follow the USSR model, minimal fighting? No.

Would it follow the Yugoslav model, some fighting? No.

Would it prove totally different? Yes.


5 posted on 09/06/2019 10:57:33 AM PDT by gaijin
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To: SeekAndFind

Chiang Kai-Shek said the same thing for the 27 years he spent on Taiwan after the ChiComs chased him out of Beijing. I wouldn’t be rushing to write the communist party’s epitaph quite yet.


6 posted on 09/06/2019 10:57:36 AM PDT by ScottinVA (Every liberal should be red-flagged.)
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To: SeekAndFind

Reagan’s star wars arms race broke the Soviet Union’s communist party. Maybe the trade war is having a similar effect on China’s commies.


7 posted on 09/06/2019 10:59:08 AM PDT by toast
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To: SeekAndFind

This guy is a TOTAL hero and barely anyone knows who he is.


8 posted on 09/06/2019 10:59:10 AM PDT by gaijin
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To: gaijin

The bad part about a PRC break-up:

Bloodshed

The good part about a PRC break-up:

The problem of verrrry many Chinese men having no hope of ever marrying would go away

Or is that actually more BAD news..?


9 posted on 09/06/2019 11:02:09 AM PDT by gaijin
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To: SeekAndFind

Can they destroy our communist party as well?

Bunch of bullshit. The Royals are still pissed off about losing their power.


10 posted on 09/06/2019 11:11:46 AM PDT by Hoosier-Daddy ("Washington, DC. You will never find a more wretched hive of scum and villainy. We must be cautious")
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To: gaijin

Not likely.
China is not a multi-national multi-ethnic state.
Or it hasn’t been so in a very long time.
Or it doesn’t matter because the Han are dominant everywhere.

There is one China, and it always ends up that way.


11 posted on 09/06/2019 11:13:11 AM PDT by buwaya
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To: SeekAndFind

Now that China has a dictator for life, opportunity for advancement in the party is very limited. That probably makes for a lot of unhappy people.


12 posted on 09/06/2019 11:16:23 AM PDT by colorado tanker
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To: SeekAndFind

I know the guy is a dissident of some sorts - though I doubt he got to be a billionaire in China without help from the party and/or party officials and/or units of the government of China - or all three.

And I think he under estimates the staying power of the politburo, including its ability to adapt to changing conditions and circumstances, even to modify how it maintains control, without losing its control.

I think his estimates of the crack up of the Communist Party of China may be as wrong as were the myths that with economic liberalization in China political liberalization would follow.


13 posted on 09/06/2019 11:17:11 AM PDT by Wuli (What)
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To: All

I would like to believe this but all I have been seeing out of China (the general population) for the last several years is growing support for the Party and a hostile and arrogant attitude toward the rest of the world.


14 posted on 09/06/2019 11:18:18 AM PDT by TheTimeOfMan (The Eloi unexpectedly protected the Morlocks from rogue Eloi as they themselves prepared to be eaten)
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To: Wuli

China was discussed on this board for quite some time. Current development was predicted by some freeper years ago.
The Chinese pretty much has ways to get out of this trade war mostly unhurt and stronger. But it is up to them to take ways or not.


15 posted on 09/06/2019 11:32:37 AM PDT by NorseViking
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To: SeekAndFind

I remember telling folks over the years that if we just demanded fair trade from China, or even stopped the insane give-away of all our technology to China, it would be in a serious world of hurt.

A number of people responsed saying, “Nah, China is now self-sustaing and there won’t be a problem for it. The problem will be for the United States.”

Well, I’m not seeing a problem for us. There are plenty of places that don’t incarcerate their citizens, shoot them, or run over them with tanks.

China is in a world of hurt right now.

I don’t see this as a threat to the party.

The C party isn’t afraid to use lethal force at will.


16 posted on 09/06/2019 11:33:25 AM PDT by DoughtyOne (This space for rent.)
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To: cgbg

“It looks like we are in a major competition with China—a race to the bottom. :-(”

Sad you post so negatively about Trump.


17 posted on 09/06/2019 11:38:14 AM PDT by TexasGator (Z1z)
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To: TheTimeOfMan
I would like to believe this but all I have been seeing out of China (the general population) for the last several years is growing support for the Party and a hostile and arrogant attitude toward the rest of the world.

The Chinese Communist Party has delivered for the Chinese people, in large part because they were so far down to start with.

As a consequence, they have considerable support.

It is unclear how deep this support will be *if* they experience an economic downturn.

The Party bases much of its popularity on increasing economic growth and stability...

18 posted on 09/06/2019 11:41:38 AM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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To: SeekAndFind
WATCH HIS INTERVIEW WITH KYLE BASS LAST AUGUST, 2019

I watched it. I think it was done in 2018. It had a kind of infomercial feel to it IMO. He was predicting Jack Ma would be dead or in jail within the year. Well, it's been a year and Jack is still around.

19 posted on 09/06/2019 11:42:23 AM PDT by Poison Pill
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To: SeekAndFind

what do you do with 1.3 B peeps and automation what happens


20 posted on 09/06/2019 11:47:49 AM PDT by RomanSoldier19 (Game over, man! Game over!)
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