People familiar with the matter revealed that Xu Jiayin, the founder of China Evergrande Group, was rejected to attend the National Committee of the Chinese People's Political Consultative Conference held this week.The analysis believes that this shows that Xu Jiayin himself is gradually losing the favor of the senior management within the Communist Party of China.
According to Bloomberg, people familiar with the matter revealed that Xu Jiayin was told that he would not attend the CPPCC meeting.Therefore, he submitted an application for leave to leave to the National Committee of the Chinese People's Political Consultative Conference and will be absent from the entire meeting.
Although the impact of the incident on Xu Jiayin is still difficult to determine, the absence of Xu Jiayin further shows that his status in the heart of the party has declined.At present, there is no sign of showing that Xu Jiayin has been expelled from the CPPCC or expelled from the party.
The Xu family was printed into the party for more than thirty years. In 2008, she was elected as a member of the National Committee of the Chinese People's Political Consultative Conference. Later, she won two five -year term.He has been the Standing Committee of the National Committee of the CPPCC since 2013. He has actively participated in the CPPCC meeting in recent years, including speeches at a press conference on economic reforms and poverty alleviation.
When Xu Jiayin appeared in the Centennial Celebration of the Party in July last year, investors believed that this was a signal for Beijing to support him.But since then, the situation has changed a lot.Evergrande officially announced its debt defaults, and its Guangdong Provincial Government is leading the leading possibility that it may be one of China's largest debt restructuring.
The Chinese government urged Xu Jiayin to use his personal wealth to help repay investors, and the central bank blamed Evergrande's failure on his poor management and reckless expansion.
