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MWith a stern expression, a Chinese TV news spokeswoman read the following text on Tuesday evening: “President Xi Jinping signed Presidential Decree No. Eight on July 25th.” Secondly, Yi Gang has been removed from his position as governor of the Central Bank of the People’s Republic of China, and Pan Gongsheng has been appointed as the new governor of the Central Bank.”
No reasons were given in either case. Pointing to the Chinese people: If the foreign minister and chief banker aren’t sure, it can infect anyone at any time. Xi Jinping, the country’s supreme leader, can decide what he wants and doesn’t need to justify it.
This system has a name:
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