RYAN HASS (@ryanl_hass) 2023-01-18T04:36:49.482Z. The last few years have brought historic challenges for multinational companies. Compiled by Lincoln Feast and William Mallard; Editing by Michael Perry, China's BYD takes cautious approach to U.S. in global EV push, Chinese who lost relatives to COVID angry at failure to protect elderly, China's pessimistic Gen Z poses challenge for Xi post-COVID, Exclusive: Russia sees sanctions impact on oil products, eyes crude export boost -senior source, Stocks bouyed by cheery data after BOJ damp squib, World's No.2 aircraft lessor SMBC sees recession risk localized, Davos 2023 - Citi CEO Fraser says China opening up is good news for the market, Most Chinese provinces set growth targets of above 5% in 2023, See here for a complete list of exchanges and delays. [33][34] Subsequent official voting results showed that all proposals passed unanimously with no abstentions or negative votes. Ironically, I doubt that Xis father would have agreed with the system he has built. China drills show Beijing is developing the ability to strangle Taiwan, experts say. 2022. This signals that Xi Jinping 3.0 will likely continue favoring repression over concession when it comes to quelling dissent. China wraps up 20th Party Congress with Xi set to become most powerful leader in decades By Jessie Yeung, CNN Updated 6:58 a.m. [5], In May 2022, the CCP General Office issued a set of regulations warning retired members not to make any negative political comments or discussion of the party's policies in the run-up to the 20th National Congress and that violations of the disciplinary rules will be dealt with seriously. Introduction "Security" was the operative word in General Secretary Xi Jinping's opening report to the 20th National Congress of the Chinese Communist Party (CCP) this October. Is the paradox meant to demonstrate that he has grabbed power not for self-glorification and vanity but only because it is needed to achieve his New Era political project? Our Standards: The Thomson Reuters Trust Principles. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Each Party Congress is closely watched for the. 1957 E ST NW, Washington, DC 20052. * Still, the country's vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets, with state banks and companies stepping in to provide support and reassurance to investors. Welcome to todays Morning Brief, where were looking at Chinese President Xi Jinpings new Standing Committee, Britains leadership race to replace Liz Truss, and Ethiopias escalating war. How does industry define morality? [13][16], On the opening day of the congress, Xi gave a speech for around 104 minutes, roughly half of his speech in the 19th Congress. "All of his rivals, potential and real, have been forced out of the Politburo Standing Committee and Xi loyalists took their place. at the 20th party congress, that . He is expected to exert largely unchallenged control over key appointments and policy directives at a Congress that many China-watchers liken to a coronation. * In a highly unusual move, China delayed the release of key economic indicators scheduled for publication this week. REUTERS/Tingshu Wang. We have witnessed age-eligible ordinary Politburo members being denied a membership renewal at the 16th Party Congress election overseen by Jiang Zemin in 2002 (one case, Li Tieying, who was 66 at the time), at the 18th Party Congress election overseen by Hu Jintao in 2012 (one case, concerning Wang Lequan, who was not yet 68 when the congress convened), and, on an expanded scale, at the 19th Party Congress election overseen by Xi Jinping in 2017 (three cases concerning Li Yuanchao, Liu Qibao, and Zhang Chunxian), which are all within the remit of the rule. FPs Winter 2023 print issue brings together 12 experts to help us answer those questions. Elliott School of International Affairs. Chinas ruling Communist Party will hold its five-yearly congress beginning on October 16, with Xi Jinping poised to secure an historic third leadership term and cement his place as the countrys most powerful leader since Mao Zedong. Why did he take the harder approach, violating the valuable age limit norm, to achieve something that he could have achieved in a manner that is less antagonizing to other power-holders? (Fu Gan/Xinhua via AP). Investors will also watch for how Beijing copes with souring relations with the West. The Indian government has tread carefullyand invited trouble. Nevertheless, the age limit norm remains a predominate mechanism that regulates leadership turnover. U.S. President Joe Biden meets Israeli President Isaac Herzog. [22][23], The CCP General Secretary Xi Jinping secured an unprecedented third term as China's leader. Two current members have reached traditional retirement age, and China-watchers will look for whether the inclusion of any new member reflects a need to accommodate alternative viewpoints, although under Xi the notion of factions in Chinese politics appears largely to have become a relic. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The industry leader for online information for tax, accounting and finance professionals. Remember the adage that generals always fight the last war? And what happens if the United States and China continue down a path of decoupling? for Us, concluded in my previous piece published in The Diplomat magazine. The Hidden History of the Worlds Top Offshore Cryptocurrency Tax Haven, Steve Bannons Man in Italy Has Big Plans, Irans Protests Are Nowhere Near Revolutionary, Biden Is About to Have His Hands Full in the Middle East. And it underscored the huge perception gap between Beijing and its Western counterparts on Chinas recent track record. Having led China for nearly a decade, President Xi Jinping has initiated unprecedented campaigns to fight corruption, reform the military, and eliminate poverty, while confronting the public health, economic, and political ramifications of the COVID-19 . Download the FP mobile app to read anytime, anywhere. [26][27][28] According to Agence France-Presse journalists, Hu "initially seemed reluctant to leave. All in all, in 37 cases, including the departing and remaining incumbents and first-time newcomers at both the Politburo and the PSC, we have witnessed 33 cases conforming with the age limit norm, two hard violations, and two soft or amendable violations. Revisiting the resilience of the age limit norm and exploring two counterfactuals. The world's second-largest economy is slowing and facing a potentially painful rebalancing of its investment- and property-led model. On October 12, the final plenary session of the 19th Central Committee of the Chinese Communist Party concluded, as it usually does, with the outgoing committee giving its approval for the work report that Xi Jinping will present at the 20th Party Congress, as well as for unspecified amendments to the party's constitution. Thousands of people marched through the streets of Washington, Berlin, and Los Angeles over the weekend in a display of solidarity. Join in-depth conversations and interact with foreign-policy experts with. This mechanism provides the party and its top leader a valuable instrument for reinvigorating its elite corps and redistributing power on a large scale in a peaceful manner. A curated selection of our very best long reads. Here are some of the leading contenders and some scenarios to look out for. Chinese President Xi Jinping tightened his grip on power and unveiled his top leadership at the 20th National Congress of the Chinese Communist Party over the weekend, finally revealing the results of monthslong internal battles for political control. The rule was breached in only one instance: Zhang Youxia (72), who was re-elected to the Politburo and became the vice chairman of the Central Military Commission. Oct 18 (Reuters) - China's 20th Communist Party Congress began on Sunday, with Xi Jinping poised to clinch his third five-year stint in charge - a mandate that would secure him as the. This week Xi Jinping has taken his new Politburo Standing Committee on a group trip - to Yan'An, the base of Mao Zedong's Communist revolution after the Long March. [50][51] The Kuomintang, on the other hand, congratulated Xi Jinping on his reelection as CCP general secretary. But for Xi, successfully resolving the Taiwan question would secure his place in Chinese history alongside Maos. These appointments reflect the leaderships focus on Taiwan. Next, the rule of renewal. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Our Standards: The Thomson Reuters Trust Principles. World stocks rose and Japan's yen tumbled on Wednesday, after the Bank of Japan poured cold water on monetary tightening expectations and economic and earnings data proved cheery for European markets. Foreign Policys flagship daily newsletter with whats coming up around the world today. How does industry define morality? Paraguays upcoming election in late April could see the country establish ties with China at long last. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. In the meeting, it was decided that Wang Huning will serve as the secretary-general of the party congress. This creates some room to revive the norm for future application. On 16 October the upper echelons of China's ruling Communist party (CCP) will come together for a twice-a-decade gathering involving speeches, secret . [48], Russian President Vladimir Putin congratulated Chinese leader Xi Jinping on Sunday on securing an unprecedented third term as leader. Enjoying this article? Delivered Friday. Now with the economy slowing, Xi tries to shift the basis of legitimacy from economic growth to security - that he can be the one who saves and protects China," said Alfred Wu, Associate Professor, Lee Kuan Yew School of Public Policy, National University of Singapore. The struggles of 2022 highlighted six crises China will have to face now and into the future. Xis stated desire to bring Taiwan under Beijings control will also be in focus during a third term, especially with tensions heightened following US House Speaker Nancy Pelosis recent Taipei visit. He had ignored established norms when they were obstacles to his building his power. Xi, 69, has steadily consolidated power since becoming party general secretary a decade ago, eliminating any known factional opposition to his rule. Delegates applaud as China's President Xi Jinping at the opening session of the 20th Chinese Communist Party's Congress in Beijing on October 16, 2022. Past practices show that while their membership renewal is regularly granted, it can also be denied for unspecified reasons in exceptional cases. A high-level delegation of the Communist Party of China (CPC) has visited Sri Lanka and introduced the guiding principles of the 20th CPC National Congress to all sectors of the society in the island country. New members of the Politburo Standing Committee, from left, Li Xi, Cai Qi, Zhao Leji, President Xi Jinping, Li Qiang, Wang Huning, and Ding Xuexiang are introduced at the Great Hall of the People in Beijing, October 23, 2022. Given that the two hard cases of violation concern positions of the military and foreign relations respectively, the violations can be considered as exceptions and justified due to the heightened concern for security in this congressional term. Discovery Company. As the Egyptian economy falters, Sisi is turning to the Chinese government for support. Defense, China The language that Xi used in his work report on Taiwan was firm, but also largely familiar. Oct 23 (Reuters) - China's Xi Jinping secured a precedent-breaking third leadership term and introduced a new top governing body stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong. Ethiopian and Eritrean troops have seized Adwa, a town in Tigray, The Associated Press reported, further escalating a nearly two-year war that is estimated to have killed half a million people. In response, the Party has opted out of concessions, with state media opining that lying flat is no way out of the pandemic. Your guide to the most important world stories of the day. All quotes delayed a minimum of 15 minutes. FPs Winter 2023 print issue brings together 12 experts to help us answer those questions. Asia, Southeast Unlike PSC members, ordinary age-eligible Politburo members do not have the entitlement to stay. It raises the question: How do companies with large global footprints decide which side to pick? 2 global climate envoy, joined FP editor in chiefRavi Agrawal to discuss Washingtons climate policy, and how it is being seen around the world. * The party's new 205-member Central Committee did not include outgoing Premier Li Keqiang or former Guangdong party boss Wang Yang, who had been seen as a potential replacement as premier. Monday, Oct. 24: German Chancellor Olaf Scholz meets Ukrainian Prime Minister Denys Shmyhal. Chinese President Xi Jinping delivers a speech following the inauguration of Hong Kong's new leader and government in July. Watch the full interview for insights on how industry thinks about deglobalization, the U.S.-China rivalry, the war in Ukraine, and much more. After putting his loyalists into positions of power with this party congress, Xi will have a bigger mandate to push through whatever policies he wants, said Alfred Wu, associate professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore. * The big reveal - who will be on seven-member Politburo Standing Committee - will be on Sunday when Xi walks into a room of journalists at Beijing's Great Hall of the People, followed by the other members in descending order of rank. This years affair was no different. Nguyen Xuan Phuc has become the first Vietnamese president to resign from office, amid an ongoing graft scandal linked to the country's COVID-19 response. * China's approach to foreign policy is also in the spotlight after a Hong Kong protester was dragged into the Chinese consulate in Manchester on Sunday and assaulted in an incident which the police are investigating. Click + to receive email alerts when new stories are published on In the larger Politburo, it will be the first time in more than two decades that a woman has not been named to the body. Interestingly, the least surprising electoral outcome was Xi Jinpings securing of a third term as general party secretary (GPS). However, the last feature blatant attacks on the reign of Chinas paramount leader is unusual. How Australia approaches migration is one of the central pillars of its overall national strategy. Twitter:@christinafei. China's ruling Communist Party will hold its five-yearly congress beginning on October 16, with Xi Jinping poised to secure an historic third leadership term and cement his place as the. Beijings approach to Taiwan will be more evolutionary than revolutionary. European and Asian leaders began to call the IRA unfair competition and protectionist. . You may opt out at any time. Your effort and contribution in providing this feedback is much Weekly update on developments in India and its neighbors. * Little is known about who will be promoted into which key roles on the Politburo and its seven-member Standing Committee. Brazil holds a final presidential debate ahead of the countrys runoff election. 2023 Cable News Network. The meeting will spotlight "the major achievements and historical experience of the party's struggle in the . Zhang, born in 1950, is the oldest in the leadership ranks, whereas He Weidong jumped two or three steps to assume this position. It is no surprise, therefore, that that the Minister of State Security has become a Politburo member forthe first time. To be clear, though, the velvet seems to be wearing thinner while the steel gets harder with each passing year. Photo: Xinhua . View, About [20], The Congress saw several amendments to the CCP Constitution, adding the Two Establishes and Two Safeguards, which call for establishing the status of Xi Jinping as the core of the CCP and establishing the guiding role of Xi Jinping Thought. First, it is necessary to stress again that the rule is applied differently to PSC members and ordinary Politburo members. It was one of the countrys worst incidents of tribal fighting in years. Delivered weekdays. Last August, when the United States passed the 2022 Inflation Reduction Act (IRA), commentators celebrated the fact that the worlds biggest economy would slash its carbon emissions anShow mored provide massive tax credits to programs investing in clean energy. * Still, the country's vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets, with state banks and companies stepping in to provide support and reassurance to investors. The people of Taiwan have, after all, been confronting this challenge for some time. The CCP Congress endorsed the membership list of the Central Commission for Discipline Inspection and elected the 20th Central Committee of the CCP. It was a jaw-dropping event even for the most jaded China observers. Ethiopian forces advance. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. * China will enact policies to boost its birth rate, Xi said, as policymakers worry that an imminent decline in China's population could hurt the world's second-biggest economy. [12], Similar protest slogans subsequently appeared in other cities in China and around the world. While the official confirmation of Xis third term and his status as the core of the Party at the Party Congress was expected, the unveiling of Chinas top leadership body staffed completely with Xi loyalists suggests that the Party has fully granted Xi the absolute power he states is necessary to steer the country toward national rejuvenation. These outcomes suggest thatBeijing will double down on its more aggressive posture at home and abroad that has characterized Xis rule since 2012, and that a major course correction by the Chinese political system is highly unlikely in the near-term future. Here are some of the leading contenders and some scenarios to look out for. Chinese leader Xi Jinping will be re-elected as the General Secretary of the CCP, or will be newly elected as the Chairman of the CCP, a title that has not been used since 1982, and the highest position held by Mao Zedong. Brookings experts reflect on the elite political gathering, and what its outcomes mean for . Delegates in Beijing last week certainly emphasized Taiwan as a priority, but far from the top or only priority.

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