China’s powerful leader Xi Jinping was interviewed by Russian television during the Sochi Winter Olympics on Feb. 7. He said that only tough bones remain in China’s reform campaign. Analysts believe that Xi’s message was a warning to Jiang Zemin (the former head of China) and his faction of rich and powerful cronies that they are next to walk the plank.
In the interview, Xi talked about the difficulties in the reform. Since he took power of the Chinese Communist Party and military in 2013, he has led a bold anti-corruption and reform campaign, weeding out select corrupt officials. This is also seen as a way to get rid of political threats.
He said: “After 30 some years of reform, the easy ones have been taken care of, but the remaining ones are very tough. We must be bold and steady in moving forward.”
Many overseas media have reported that the Chinese regime is facing unprecedented economic, social, and political crises.
President Xi and No.2 top leader Premier Li Keqiang’s reform has run into resistance from special interest groups, which are represented by Jiang’s faction. Jiang’s faction controls petroleum, communications, grain storage, and finance.
Many important industries have long been monopolized and carved up by special interested groups and princelings. For example, Jiang’s family controls the telecom industry. Jiang’s son established China Netcom and other companies. He has thus become the King of China’s telecommunications. Former Vice President Zeng Qinghong, and Zhou Yongkang’s (currently under investigation and house arrest) families monopolize China’s petroleum industry.
In March 2013, Li openly pointed out that PetroChina, Sinopec, CNOOC, China Telecom, and China Mobile were family businesses that were run by powerful families, rather than state-owned businesses run as people had thought.
China Affairs revealed: “Jiang Zemin has $350 million in secret Swiss bank accounts, as well as a mansion in Indonesia, which was valued at $10 million in 1990, that is managed by former Foreign Minister Tang Jiaxuan.”
Commentator Yi Chuan from Radio Free Asia said that China’s special interest groups were hurting the public interest. The problem comes from the Chinese Communist Party (CCP). The CCP’s one-party dictatorship structure has created the greatest hotbed for special interests groups. The CCP itself is the largest special interest group, enjoys the most of privileges, grabs the most social resources, and destroys social justice and fairness.