On November 28, 2020, Zhai Dongsheng spoke at Shanghai-based Guan Media’s year-end show “The Answer” about “Will China’s Financial Openness Bring in the Wolves of Wall Street? The speech was delivered on the theme of “The Future of Development”. Also participating in the discussion were Zhang Zhichan, former President of the Asian Development Bank and former Director of the International Department of the Central Bank of the Communist Party of China, Ding Yifan, Deputy Director of the World Development Institute of the Development Research Center of the State Council of the Communist Party of China, and Yao Yang, President of the National Development Research Institute of Peking University.
In the video, Zhai Dongsheng unabashedly claims that “there are old friends in the inner circle of power in the United States.
Why, he says, did China and the U.S. used to be able to settle all kinds of issues between 1992 and 2016? We all found out that whatever the crisis, whether it was the Galactica incident, or the bombing of the embassy, or the crash of the plane, so things are all “bed quarrels, bed end peace”, within two months to get done. What is the reason? Here’s one that I’m going to throw out, probably another riot act, just because we have people up there. We have our old friends in the American inner circle of power.
He says there’s nothing a dollar can’t handle, right? If I can’t get one stack of dollars, I’ll get two. Of course that’s the way I work.
He cited the example of an Asian president of a top Wall Street financial institution, an elderly Jewish woman with Chinese citizenship and a Beijing residency who also owns a courtyard house on Chang’an Street in the Dongcheng District, who was able to help the Chinese Communist Party smooth out many of its “difficulties,” so Zhai Dongsheng concluded that in the past, the Chinese Communist Party had been able to get things done with money and without hindrance.
But why doesn’t it work now with the Trump administration? Zhai Dongsheng said that although Wall Street started in the 1970s, it has a very strong influence on the U.S. domestic and foreign affairs, so we have path to rely on, but the problem is that after 2008, Wall Street’s position has declined, and more importantly, after 2016, Wall Street can not handle Trump. Wall Street also tried to help during the China-US trade war, but it was too weak to do so.
Zhai Dongsheng went on to say proudly, “But now we see Biden coming to power, the traditional elite, the political elite, the establishment, they’re very close to Wall Street, so you see that, right? Biden’s son was told by Trump, “What fund companies do you have around the world, have you found any? Who helped him build the foundation? Got it? It’s all business in here. “
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Now the old lady’s identity seems to have been uncovered!
Liliane Willens
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