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China’s Marxist “Profound Revolution” Is Here, And Nobody In The West Is Ready — Michael Every

Summary:
Longish but important. Michael Every has done his homework and applied it well to analysis. Xi Jinping, an engineer•, has thought this through systematically, and under his leadership China is embarking on a new developmental phase that has profound implications for not only China but the rest of the world.Zero HedgeChina's Marxist "Profound Revolution" Is Here, And Nobody In The West Is ReadyMichael Every, global strategist at Rabobank• From 1975 to 1979, Xi studied chemical engineering at Beijing's Tsinghua University as a "Worker-Peasant-Soldier student". The engineering majors there spent about 15 percent of their time studying Marxism–Leninism–Mao Zedong thought and 5 percent of their time doing farm work and "learning from the People's Liberation Army". WikipediaNote: Tsinghua

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Longish but important. Michael Every has done his homework and applied it well to analysis. 

Xi Jinping, an engineer•, has thought this through systematically, and under his leadership China is embarking on a new developmental phase that has profound implications for not only China but the rest of the world.

Zero Hedge
China's Marxist "Profound Revolution" Is Here, And Nobody In The West Is Ready
Michael Every, global strategist at Rabobank


• From 1975 to 1979, Xi studied chemical engineering at Beijing's Tsinghua University as a "Worker-Peasant-Soldier student". The engineering majors there spent about 15 percent of their time studying Marxism–Leninism–Mao Zedong thought and 5 percent of their time doing farm work and "learning from the People's Liberation Army". Wikipedia

Note: Tsinghua University is China's top university.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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