After Li Keqiang became angry, the State Council’s on-site supervision of financial chaos is still unsolved | Financial Crimes | State Council Supervision Group |

[Epoch Times, July 20, 2021]Chinese Premier Li Keqiang patted the table at an executive meeting of the State Council a few days ago, saying that the State Council has set up a special investigation team and it is time to be caught. After the incident, the State Council launched a major inspection, conducted on-site inspections in 16 provinces (autonomous regions and municipalities), and collected clues about the problems surrounding tax reduction and fee reduction. Since Li Keqiang became prime minister, he has repeatedly angered and beat the tables at meetings due to issues such as financial supervision or capital operation, but the financial crimes and chaos under the CCP system are unsolvable.

The State Council of the Communist Party of China announced on the 18th that it plans to organize the eighth major inspection from late August to early September to conduct on-site inspections in 16 provinces (autonomous regions and municipalities) including Beijing and Tianjin. Enterprise development, expanding domestic demand, ensuring employment and protecting people’s livelihood, solicit clues to problems.

The outside world has seen that the State Council Supervisory Inspection was conducted under the background that Li Keqiang once again “slapped the table” in anger.

On July 14, Li Keqiang presided over an executive meeting of the State Council. According to reports, Li Keqiang patted the table at the meeting and said that the State Council has set up a special investigation team to investigate to the end no matter what unit or level is involved. The processing of the processing, the grasping of the grasping.

What angered Li Keqiang was that the CCP’s audit department discovered a large number of illegal reselling of bulk commodities and tax evasion. “The plot is very bad,” Li Keqiang said at the meeting.

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Outsiders have always analyzed that within the Chinese Communist system, Li Keqiang seems to be unsatisfactory since he became prime minister, and his role has been significantly weakened. Moreover, the outside world has caught many different tunes of Xi and Li. For example, Li Keqiang’s statement that the 600 million people in China had a monthly income of only 1,000 yuan last year was considered to have pierced the huge bubble of Xi Jinping’s “comprehensive well-off”.

According to public information, since Li Keqiang became prime minister, he has been angry many times, and more than once patted the table at a meeting of the State Council. The Chinese Communist Party media has also reported on many occasions that since Li Keqiang took office, he has been “frequently angry” because of “political orders do not go out of Zhongnanhai” and officials’ negligence. Once Li Keqiang got angry and hit the table with a teacup.

On October 29, 2016, Li Keqiang presided over a special meeting of the State Council. In the opening remarks, he asked the heads of the central bank, China Banking Regulatory Commission, State-owned Assets Supervision and Administration Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission, and General Administration of Customs to read the three statistics again. Information report. In these three statistics, the abnormal loss of funds, the rate of non-performing assets of financial institutions and the rate of bad debts have all set new records.

Li Keqiang said at the meeting that the abnormal outflow of funds and assets, the situation of non-performing assets and bad debts of financial institutions is very serious, and it is caused by obvious inaction and chaotic actions.

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At that time, there was unconfirmed but widely circulated news that Li Keqiang was angry at the meeting of artificially created loopholes, large holes, and deep holes in the outflow of funds, which led to the continuous shrinking of China’s foreign exchange scale and the short-term collapse of the RMB exchange rate. Some are acting as double-faced people, some are innocent, and some are inside the meeting room.”

Prior to this, Li Keqiang repeatedly criticized the “inner ghost”. On September 2, 2015, the State Council of the Communist Party of China held a meeting on cracking down on money laundering in underground banks. Li Keqiang said at the meeting that the underground bank has been operating for 16 years and has been repeatedly banned.

Li Keqiang’s repeated anger is related to issues such as financial supervision or capital operation. But every time Li Keqiang gets angry, the financial crimes and chaos that have been repeatedly banned in the mainland still exist. In other words, it didn’t help that he slapped the table and got angry.

According to public reports, the Banking and Insurance Regulatory Commission of the Communist Party of China has continuously carried out rectification of the “ten chaos” since 2017. From 2017 to 2019, a total of 16,800 inspection teams were dispatched, 32,800 banking financial institutions were inspected, and 10,713 persons responsible were punished. There are countless similar “rectification” actions.

The anger of Li Keqiang this time shows that the official “rectification” has not solved the problem. How bad is the problem of illegal reselling of bulk commodities and tax evasion that made him angry this time?

The official media of the Communist Party of China reported that on June 7 this year, the Auditor General of the Audit Office of the Communist Party of China Hou Kai conducted an audit report at the People’s Congress of the Communist Party of China. Since May 2020, the audit has found and transferred a total of 192 clues to major issues, involving more than 1,430. 100 million yuan, more than 1,160 people. Regarding the issue of illegal reselling of bulk commodities, the audit report did not reveal more details.

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Li Hengqing, a scholar at the Washington Institute of Information and Strategy in the United States, said that Li Keqiang combined tax evasion and illegal reselling of bulk commodities. These two are actually different. He said that the production of raw materials has risen sharply, and Li Keqiang believes that disrupting market order, this kind of thing can only happen in a dictatorship like China. “This is not an illegal crime at all. There is no need to arrest people at all times. Of course, it should not be compared with tax evasion.”

Li Hengqing said that tax evasion is a crime regardless of whether it is in any democratic country or that country. Li Keqiang specifically mentioned this at the State Council office meeting, and it was combined with the audit of the national government’s expenditure budget for 2022. It should be said, “This is a headache for Li Keqiang because the government is out of money.”

Some analysts also pointed out that Li Keqiang was angry and released two major signals. One is that the CCP’s finances are tight and the government is really out of money; the other is that the CCP’s high-level internal fighting cannot be ruled out.

Editor in charge: Fang Ming

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