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second line simplified. This is John Batchel, conversation with colleague Charles Burton of synopsis, about the rumors, persistent, repeating, that she is stepping aside, retiring, stepping back, being joined by other counselors, giving up his authority, quitting, many different versions. And I am not certain that there is

one word that describes the rumors. However, the question is, what happens at eggs? This is a

third-term general secretary. There's is a third-term general secretary.

There's been no third-term general secretary.

So Charles looks for an analogy, Mao?

Question mark.

Here's Charles to explain.

We're an unprecedented territory.

We've never been here.

What happens next?

Can a boss retire?

Don't know.

Here's Charles. More of this tonight. They have very limited ability to borrow because they've already borrowed in the past,

and so they're largely relying on the sovereign wealth fund.

And they still have liquid part, which is Renminbi and gold, that's the only thing is left there,

and the liquid part is about $40 billion.

So this will cover their budget deficit in 25 and maybe in early 26.

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