September 25, 2006
Shanghai Shake Up
Chen Liangyu, until today Communist party boss in Shanghai, is now out and accused of corruption that squandered hundreds of millions in retirement fund money. (Just think of a giant San Diego on the other side of the Pacific.)
Word is Chen's sudden departure is a sign of an internal power struggle in advance of next year's 17th Communist Party Congress and Presidential election (Hu Jintao is eligible for one more 5 year term according to China's constitution). Shanghai is an important town and political struggles there often signal big shifts in the Chinese government.
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