Communist Party of China (CCP) General Secretary Xi Jinping is now
starkly aware that he is facing the end of his rule, and has turned
to US Pres. Joe Biden to save him.

Specific reports are emerging as to the driving forces which made Xi
act, in seeming desperation, to kowtow to US Pres. Joe Biden at the
summit held on the sidelines of the Asia-Pacific Economic Conference
(APEC) in San Francisco between November 13 and 17,2023.
Xi’s Government of the People’s Republic of China (PRC) had, for at
least two weeks before the summit, started a charm offensive aimed
at the US. Until that time, Beijing had claimed to have been
hesitant about whether the summit would take place, but the start of
the charm offensive was a significant pointer to the depth of
General Secretary Xi’s desperation and his increasingly mercurial
behavior.

Despite the fact that the mainland China economic crisis had become
significant and intense from at least 2015, Xi had taken virtually
no steps to contain or correct it. Then, almost simultaneously with
the charm offensive toward the US, the Xi Administration began some
timid steps toward reversing its anti-private sector policies and
promised unspecified support for private business in mainland China.
This followed a xenophobically maoist policy, over the past decade,
of containing private enterprise and attempting to push the economy
under the domination of the state-owned enterprises (SOEs). The
sudden volte-face by Xi, typical of his behavior since the October
2022 Party Congress at which he disposed of almost all of his
visible opponents, highlighted more than ever his instability and,
now, his increasing desperation as it has become clear that the
People’s Liberation Army (PLA) was patently unready and unprepared
to execute Xi’s proposed military takeover of the Republic of China
(ROC) on Taiwan.

Without being able to deliver on his “promise” to capture Taiwan, Xi
was now left isolated within the Party as to why he had dissipated
so much of communist China’s — and the CCP’s — treasure, and left
the country on the verge of a new revolution. Unless he could pull a
last-minute coup de main from his bag, he was facing imminent
removal by the Par ty — anxious to save itself, as well — and the
PLA.

That was at the core of his visit to San Francisco to literally
plead with US Pres. Biden, and why he greeted with a sardonic smile
Biden’s second naming of Xi as a “dictator”, a slip of the tongue of
the less-than-disciplined President.

A significant source in the PRC has reported that Xi formally asked
the US President to arrange an urgent $900-billion bailout for the
communist Chinese economy. This specific detail could not be
confirmed, but it fitted with the sudden and urgent campaign to stop
Beijing’s bellicosity toward the US and to insist that the two could
be friends and partners.

The leak of this information came from within the CCP, from elements
anxious to bring down Xi Jinping, and they confirmed that the effort
to remove Xi was now reaching a level of imminent action.
Without that injection of almost a trillion US dollars, the Chinese
property market, among other things, will complete its collapse.
Indeed, even with such an investment, it is probable that the
mainland Chinese property market and overall economy would continue
its slide. The scale of private sector bankruptcies and the
interruption and closure of so many factories cannot be reversed
overnight, and foreign trust in the PRC cannot be rebuilt overnight.

Would such a bailout save Xi? Perhaps not, but it would the perhaps
the only opportunity open to him.

He was even forced, in San Francisco, to abandon the pretense that
the PLA was ready to conquer Taiwan. These events represent a
seismic shift in Xi’s policies, even though he publicly said that he
could not renounce his intention to bring Taiwan into the communist
fold.

Nor, indeed, is there any reason to believe that this is anything
but a fairly cynical attempt to have the US bail out the political
career of the man who, in 2018, said that he had specifically
declared war on the United States, a war, he said, which would be
the “new 30 Year War” (mirroring the European war which ended in
1648 with the Peace of Westphalia”. And Xi said that his new 30 Year
War would result in a new “Peace of Westphalia” which would bring
about a new “rules-based world order” under the CCP.

Our PRC source did not indicate whether Xi had received a response
from Pres. Biden to the blunt and desperate request. There was no
evidence that Mr Biden had received any advance warning of the
request, but there were certainly expressions of concern when
Beijing had, before the summit, embarked on the charm offensive.

That there is no substance to the charm offensive, however, was
demonstrated by the continued antagonism toward the US and its
allies in their actual practices on the military lines of
confrontation.

https://oilprice.com/Geopolitics/Asia/Trillion-Dollar-Bailout-What-
Xi-Really-Wants-From-Biden.html