Gordon Chang on China's Military Purge, Economic Woes, and Geopolitical Risks

China's Military Instability

• ❓ The control of China's military by Xi Jinping is uncertain, with recent purges of senior leaders, including the top general, Jang Yao Shao.
• ⚠️ The removal of Jang, who was popular, may not be accepted passively by other military officers, suggesting a potentially chaotic situation.
• 📉 Evidence suggests Xi Jinping may not have been in control of the military last year when his own loyalists were purged.

Economic Downturn and Public Blame

• 📉 The Chinese economy is performing poorly, with growth rates significantly lower than officially reported, leading to a very gloomy mood in China.
• 🎯 Xi Jinping is being blamed for the economic problems, which could lead to him being held accountable.
• ⏳ While Xi consolidated his position by late last year, the situation is fluid and changes weekly.

Shifting Global Trade Dynamics

• 🤝 The U.S. trade partners, particularly in Canada and Europe, are reportedly