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Cake day: January 29th, 2025

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  • Such ‘corruption cases’ have been going on in China for decades, though with a little uptick in recent years. As many analyst and investigation show, however, the fate of these officials may have more likely to do with power struggle than corruption.

    The purge “isn’t about corruption, it isn’t about leaking secrets, it is about a general that became too powerful”, [an analyst said in January this year after a high-ranked Chinese general was purged].

    Observers say that there is indeed corruption, but it is also often a pretext “to make the party a more effective governing machine and a cudgel to remove political enemies,”

    For Xi [Jinping], observers argue, corruption has become a catch-all term that encompasses not just graft, from small-time favours to huge bribes, but much more - ideological impurity, a lack of commitment to China’s ambitions and, crucially, disloyalty.

    They say it triggers one of his big fears: an out-of-control party would prove disastrous for China, like it did for another major communist power, the erstwhile Soviet Union, whose fall he has often spoken about. The possibility of any such decline on his watch would threaten his power - and his legacy.

    The recent purge of two military generals as cited in the linked article, has shown that,

    “Official narratives after the purge of [the two Chinese military generals] Zhang and Liu make clear that their dismissals were political in nature and based on a [perceived or real] lack of loyalty to Xi and his goals” …

    Xi’s circle of trusted followers is narrowing ever more to exclude the very people he relied on to consolidate his power, … but he expects this to “continue to play out until there are hardly any leaders left that aren’t complete Xi products”.





















  • From the original report:

    -Over a third of the world’s largest banks (26 of 65) reduced their fossil financing from the previous year, with some European banks and some Canadian banks driving most of that progress.

    -The remaining 39 banks moved in the opposite direction, and some US, Japanese, and Chinese banks were responsible for the largest year-on-year increases.

    -On balance, the world’s 65 largest banks committed $906 billion to companies conducting business in fossil fuels in 2025, up $64 billion or 7.6% from 2024.

    -Since 2021, global banks have funneled over $4.2 trillion in financing to fossil fuels, including $2.1 trillion to fossil firms in expansion.

    Edit

    Dealmakers and Dealtakers: Top Bank Financing by Country 2025

    The US dominates as a financial center providing bank financing for fossil fuels. This petrostate also jumps off the chart (below) as the nation receiving the most fossil fuel debt from banks. In fact, US fossil fuel corporations received 45.4% of all fossil fuel financing in 2025. Comparing countries’ total bank fossil financing to their fossil fuel company borrowers, the US is an outlier. It is the only Big Six financial center [comprising the U.S., Canada, Japan, EU, China, UK] whose fossil firms receive more bank financing than its banks provide. Japanese banks, on the other hand, provide much more financing than the country’s fossil sector receives. In China, the volume of bank financing to fossil firms is about equal to the amount received by fossil firms. This is at least partly explained by China’s more insular financing model: about 86% of 2025 fossil financing from Chinese banks went to Chinese comp








  • And now President Xi has said China will strive to do better than the targets in your new national climate plan – or your NDC [Nationally Determined Contribution].

    To put that in context: China has set its own NDC (deliberatly?) low. As the scientists at the Climate Action Tracker (CAT) say

    Historically, China has calibrated its climate commitments to levels that are largely achievable under existing policies and investment trends, allowing room for over-delivery.

    Referring to China’s 2035 NDC targets, the analysis adds,

    … despite structural improvement, this target is unlikely to further lower emissions … There is a substantial gap between the NDC targets and the reductions needed to align with 1.5°C …

    As the CAT researchers conclude and you can see on their site, China is among the countries most behind when it comes to reach the Paris agreement.

    But it’s a good speech by the diplomat at the Chinese university and it fits OP’s ongoing propaganda move.