Fascinating nuggets from a recent FT article about Wang Qishan’s appointment as vice president of the PRC, just five months after he “retired” as China’s anti-graft czar (and the country’s second most powerful official):
The Chinese Communist party’s most trusted crisis manager has returned to front-line politics just in time to face one of the biggest challenges of his long career — managing the fallout from what is likely to be the most dramatic deterioration in Sino-US relations in 30 years. […]
“Wang Qishan has forgotten more about our country than many of our senior people know,” said Steve Bannon, US President Donald Trump’s former political adviser who met Mr Wang in Beijing in September. “The level of detail he knew about the US was stunning — the economics of regions, the economics of cities, American infrastructure, the workings of the American economy.” […]
But with the recent departures of Mr Cohn and Mr Tillerson, there are very few senior Trump administration figures to argue for moderation in dealing with China. “Trump is going to be quite confrontational,” said Mr Bannon. “But the Chinese absolutely think the American establishment is going to bail them out and why wouldn’t they, it did in the past.
“The Chinese are going to play for time, engage in dialogue,” he added. “They owned us in Mar-a-Lago, no doubt about it. The globalists were in the ascendancy then, agreed to two ‘strategic’ dialogues [with China] and nothing got done, just more talk.”
I noted the FT piece about Wang’s meeting with Bannon here.