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Trillion Dollar Bailout: What Xi Really Wants From Biden
Despite a significant economic crisis in mainland China since 2015, Xi has taken minimal steps to address it.
During his visit to San Francisco, Xi, seemingly desperate, requested a substantial $900-billion bailout for the Chinese economy from President Biden.
The leak came from within the CCP, indicating a faction eager to bring down Xi.
A significant source in the PRC has reported that Xi formally asked the US President to arrange an urgent $900-billion bailout for the communist Chinese economy. This specific detail could not be confirmed, but it fitted with the sudden and urgent campaign to stop Beijing’s bellicosity toward the US and to insist that the two could be friends and partners.
The leak of this information came from within the CCP, from elements anxious to bring down Xi Jinping, and they confirmed that the effort to remove Xi was now reaching a level of imminent action.
Without that injection of almost a trillion US dollars, the Chinese property market, among other things, will complete its collapse. Indeed, even with such an investment, it is probable that the mainland Chinese property market and overall economy would continue its slide. The scale of private sector bankruptcies and the interruption and closure of so many factories cannot be reversed overnight, and foreign trust in the PRC cannot be rebuilt overnight.
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