CCP Fourth Plenum delivers little

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Via Sinocism today:

The Fourth Plenum has concluded, there was no announcement of any personnel changes other than the automatic ascension to full membership of the two alternate Central Committee members discussed yesterday.

Sinocism readers were right to be very skeptical of the rumors going around, though the lack of any public sign of pressure on Xi by way of enlarging the Politburo Standing Committee or making clearer signals about anointing successor will probably not stop the rumors that Xi is under pressure, weakened by missteps over Hong Kong and the relationship with the US, or facing a backlash that would force him to share more power. Seek truth from facts as they say in Beijing, and right now the facts as I can observe them are not pointing towards a weakened Xi.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.