Thursday, July 20, 2017
The purge and replacement of erstwhile presidential contender Sun Zhengcai.
Politburo member Sun Zhengcai, once seen as a potential successor to Xi Jinping as president, has been removed from his post as Party chief of Chongqing and placed under investigation. Chen Min'er, a Xi loyalist, replaces him.
- The top leadership will probably manage to present a relatively united front to the public ahead of the Party Congress.
- In the much longer term, the corrosion of collective leadership could reduce political stability, which may damage investor confidence.
- An administration composed of officials whose thinking matches that of the core leader is less likely to generate effective policy.