Xi Jinping ( born 15 June 1953) is the General Secretary of the Communist Party of China and the Chairman of the Party Central Military Commission. He is also the President of the People’s Republic of China and the Chairman of the State Central Military Commission, and is the first-ranked member of the Politburo Standing Committee (PSC), China’s de facto top power organization. Xi is now the leader of the Communist Party of China’s fifth generation of leadership.
Xi is considered to be one of the most successful members of the Crown Prince Party, a quasi-clique of politicians who are descendants of early Chinese revolutionaries. Senior leaders consider Xi to be an emerging figure that is open to serious dialogue about deep-seated market economic reforms and even political reform, although Xi’s personal political views are relatively murky. He is generally popular with foreign dignitaries, who are intrigued by his openness and pragmatism.
He will rule over one fifth of the world’s population for the next ten years, if all goes to the Communist Party’s plan.
His challenges are numerous: a strong but slowing economy with growing resentment over corruption, an urban-rural wealth gap, continued calls for wholesale political reform and countrywide worries stemming from countless environmental scandals.
I thought it might be worth getting to know this fellow a bit – considering he’ll be the man for the next 10 years. I was hoping to find some indication of his plans moving forward and ironically – found “tackling corruption” sits at the top his……………”to do list”.
Senor Kong,
Maybe this inquiry belongs under one of your earlier updates, but I’ll leave it here as it’s dated today.
I’ve noticed sizeable bullish takes in the BP, CD, EU, JY, and the SF among the commercial COTs. The dollar has made a big run, and appears to be in reversal. My question to Kong is do you see this as the dollar’s local top, intermediary high, or whatever term you forex men use? The $CCI and the $CRB are acting as it is, but not so much in the metals sector. Anyway, maybe you can expound on these issues when you get in after enjoying that Mayan sun. Gracias.
The USD is at a very interesting point here – but in the very short term yes – has most certainly exhausted this upward move, and has reversed.
Looking forward many believe the USD is now set to make it’s “nose dive” into an even further low than the previous…and in turn metals and commods to rise. I’d not be one to jump on that train – not here and now at least.
I have reason to believe the USD will put in a relatively “shallow low” here on this daily cycle – and remain poised for further upside. I don’t believe that PM’s will take off until true fear enters markets – as (with the current backstop of CB’s printing ona global level) Gold currently has little appeal as a “store of value”.
Any / all of this is likely to play out here in the coming month or two at the absolute latest.
So in general I will sit “short USD” for the first few days of next week, cautiously awaiting it’s next move – which I belive will be another push higher.