Light Plane Crash Into Beijing Skyscraper Near Xi's Compound Sparks Mystery

Rare Crash Just 7 km From China's Power Center A 'Hole' in Air Defenses That Even Banned Drone Flights Speculation Over Political Intent and Bank Executive Involvement Conspiracy Theories Spread Amid Chinese Information Censorship

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By Jeong Da-eun, Beijing Correspondent
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null - Seoul Economic Daily International News from South Korea

Suspicions are mounting over a rare incident in which a light aircraft crashed into a 108-story skyscraper in central Beijing recently. In particular, because the crash site is only 7 km from Zhongnanhai—the "heart of power" that houses the office and residence of Chinese President Xi Jinping—rumors have spread that the crash may have had political intent. Chinese authorities have moved to tightly control the spread of related information online.

According to a roundup of Chinese-language media including Hong Kong's Ming Pao and Taiwan's Liberty Times, authorities in Beijing's Chaoyang district said via social media the previous day that "around 5:55 p.m. on the 26th of this month (the previous day), a single-engine, two-seat light sport aircraft (LSA) flying near the East Third Ring Road collided with a high-rise building." They explained that the pilot, the only occupant, died in the crash and 13 people were injured. The authorities, however, did not separately disclose the cause of the crash, the pilot's identity, or the background of the deviation from the flight path.

With the official announcement coming a day after the crash, various conspiracy theories are running rampant online. In connection with this, a rumor spread rapidly on the internet that the pilot was a figure named Liu Junhua, a senior executive in the wealth management division of China CITIC Bank. An unverified screenshot of a conversation circulated alongside it, claiming that he deliberately crashed after suffering massive investment losses from a margin call (a demand for additional collateral). According to the Financial Times (FT), the owner of a vehicle parked at Beijing Shicha Airport, the base of the crashed plane, was also identified as Liu Junhua. However, CITIC Bank indirectly denied the rumor the previous day by posting an article titled "Mr. Liu shared the company's development strategy" on its official WeChat account.

Some have also argued that the crash had political intent. Bill Bishop, publisher of the China-focused newsletter "Sinocism," analyzed: "The flight path of the crashed plane may have been heading toward the vicinity of Zhongnanhai, the key base of China's leadership. If it had flown just a few seconds longer, it could have reached Zhongnanhai, and this would be an event that would shake Beijing's security system." Su Tzu-yun, director of the Institute for National Defense Strategy and Resources under Taiwan's Institute for National Defense and Security Research, also told Newsweek: "Beijing is effectively a no-fly zone," adding, "There is a high possibility that this incident had a political motive."

Despite the various conspiracy theories, Chinese authorities have remained tight-lipped about the crash. Roads around the crash site have been blocked off, and police are even preventing photography. Related information is subject to thorough censorship online. Even when searching keywords such as "light aircraft" and "CITIC Tower" on Chinese social networking services (SNS) such as Xiaohongshu, no content related to the crash can be found at all.

Some point out that Beijing's air defenses, which have emphasized ironclad security by even banning drone flights, have exposed their loopholes plainly. In particular, the crash site is only about 6 km from Zhongnanhai, the key base of China's top leadership. The Chinese government is expected to further strengthen airspace control over the capital region in the wake of the crash. Dennis Wilder, former senior China analyst at the U.S. Central Intelligence Agency (CIA), noted: "Xi may regard this incident as a potential assassination threat, and he will move to control media coverage as well as fully strengthen security and punish those responsible."

null - Seoul Economic Daily International News from South Korea

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Original reporting by Jeong Da-eun, Beijing Correspondent for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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