Dragon Trumps Davos For Chinese Officials
The Wall Street Journal reports that China has scaled back its presence at the annual World Economic Forum in Davos, which begins this week, given the conflict with the Lunar New Year holiday:
Based on a list from the World Economic Forum dated Tuesday, attendees from mainland China-based agencies, c ...
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There’s also the “Summer Davos” held in China (Dalian or Tianjin) every September, which is generally well-attended and is addressed by the Chinese Premier. This is an official WEF event too.
The ferocity of the one-party regime’s ongoing crackdown on dissent bespeaks growing insecurity about the regime’s legitimacy and its ability to remain the only government in the G-20 to enjoy none of the legitimacy provided by popular elections for top government leaders–something that all other G-20 nations have. PRC millionaires, virtually all of whom have connections high in the Party, are understandably considering a safe haven overseas in case the regime crumbles in the face of public anger over unaccountable government, special privileges for the CCP interest group, a lack of rule of law, and deteriorating economic and social conditions.