Commentary Liu He, a member of the Politburo of the Chinese Communist Party (CCP), Vice Premier of the State Council, and the chief representative for China in the U.S.-China trade negotiations, is the most important financial advisor for the CCP’s top leader Xi Jinping. Recently, he has become a target for ouster by Xi’s political enemies who have been repeatedly publicizing potentially incriminating information such as his son’s involvement in high stake investments. Liu Tianran, Liu He’s son, started a company (Skycus) that reportedly invested in two Chinese tech giants ̶ Tencent and JD.com ̶ with lucrative returns on the investment. Several people close to Skycus’s operations told the Financial Times that Liu Tianran, who also uses the English name Andy, continued to work on deals for the firm after stepping back as chair and transferring his shares. They added that he played a central role in lucrative transactions involving …
Why Is CCP Vice Premier Liu He the Target of a Veiled Ouster?
May 31, 2021
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Analysisanti-corruption campaignsChinaChina Business & EconomyChinese RegimeJiang factionOpinionThinking About ChinaXi Jinping
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