Sharp China Free Episode: Politico’s Rendering of a Xi ‘Purge’; Finance with Chinese Characteristics; Moody’s Works from Home; Secretary Raimondo Warns Chip Companies

This episode of Sharp China is free for everyone.Show notes:On today’s show Andrew and Bill begin by parsing the claims contained in a controversial piece from Politico, including thoughts on the spectrum of rumors surrounding this year’s disappearing cabinet members, the smaller-than-ever circle of true insiders in Xi’s China, and certain details of present-day CPC politics and that are beyond dispute. From there: Several stories in and around the finance sector, where there have been more warnings against relaying bad news, there is still no third plenum announcement, the Central Financial Work Commission has provided new guidance, and Moody’s is taking precautions for its local employees. At the end: Checking in with Secretary Gina Raimondo, Nvidia’s Jensen Huang, the House of Representatives, and Huawei's role in the PRC chip constellation.  To subscribe to Sinocism and gain access to all podcast episodes as well as every issue of Sinocism from Bill Bishop, click here.To subscribe to Stratechery Plus and receive daily writing from Ben Thompson and daily podcasts from Andrew Sharp, click here.Related readings:Finance with Chinese characteristics; Politico on recent elite rumors; Wang-Blinken chat; Nuclear power; Vaping; Moody's Unswervingly Follow the Path of Financial Development with Chinese Characteristics -- Translation by Sinocism.comChina’s Xi goes full Stalin with purge -- Politico EU China military official warns of ‘erroneous ideological trends’ spreading in PLA -- SCMP Media groups raise concerns following report of ‘missing’ Hong Kong journalist in China -- CNN Matter of minutes: Why Cheng Lei did not see her family for three years -- Sydney Morning Herald China Investment Bank Bans Displays of Wealth -- Bloomberg China’s Xi Seen Delaying Key Economic Plenum, Defying Norms -- Bloomberg Xi Jinping Is Asserting Tighter Control of Finance in China -- N.Y. Times Moody’s advised staff to work from home ahead of China outlook cut -- FT Moody’s Faces Growing Backlash Over Its Negative Outlook on China -- WSJ RNDF 2023 Fireside Chat – The Honorable Gina M. Raimondo, U.S. Secretary of Commerce -- YouTube China Secretly Transforms Huawei Into Most Powerful Chip War Weapon -- Blooomberg News House Speaker Johnson Drops China Investment Curbs From Defense Bill -- Bloomberg To add the Sharp China feed to your preferred podcast player:Click on the "listen on" button and you will see a dropdown with several options. Make sure you are logged into your account when you do it so you get the correct private RSS feed for subscribers. If you have not logged in for a while you can enter your email and then we will send you a login link.The “email link” in the pulldown shown above will send you an email that also makes it easy to set it up in your preferred podcast app on your phone.If you use the Substack app it has a built- in podcast player.Thanks for listening. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit sinocism.com/subscribe