Alice Han

Maybe it's a risk-off attitude that people have to U.S.

assets.

But to sort of add to what we were discussing about power and the military, I think it can't be overstated how important this is and how, I hate using this word, but I have to use it, unprecedented this is in modern Chinese history.

I don't think, I was looking back into previous episodes of this podcast

going as far back into the 1940s.

And the only other real analog is what happened during the Great Leap Forward, as well as the Cultural Revolution, with two key generals, Peng Dehuai and Lin Biao, who were both really close to Mao Zedong, but were effectively purged and killed.

And this was again succeeded by a massive purging of the PLA by Chairman Mao.

So I think history is repeating in certain respects.

And my big takeaway is that this suggests that she feels...

insecure about the combat readiness and about the loyalty of the military advisors and guys around him.

And this should be seen as a sign of weakness, at least from my perspective.

But it certainly, to your point, James, is going to be really, really crucial in terms of the Taiwan probabilities and Taiwan scenarios.

I think we may disagree there.

I think it probably gets delayed by a couple of years, but certainly we need to keep our ears to the ground in terms of seeing who comes in as the new guard.

Yeah, exactly.

Okay, we'll be back with more after a quick break.

Stay with us.

Welcome back.

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