The Congress of the Communist Party of China held in Beijing last week ended slowly but on a high note.
Chinese President Xi Jinping, as expected, won the term as Communist Party secretary at a congress that will be memorable for his show of political strength and the dramatic departure of his predecessor Hu Jintao.
“This is the ultimate unforgettable assembly in the history of the CCP,” tweeted Yawei Lu, China program director at the Carter Center. Lu cited the secrecy surrounding the event, the “massive review” of the letter, Party Secretary Xi Jinping’s third term in office and the “humiliating departure” of Xi Hu Jintao’s predecessor, among other factors.
Former party leader Hu Jintao, once one of China’s toughest figures, strangely emerged from the final rite of the party accumulated from his chair next to Xi. (See previous post here. )
In addition to Xi winning the five-year term, the six members elected to the party’s tough Politburo are allies of Xi Li Qiang, Wang Huning, Cai Qi, Zhang Leji, Ding Xuexiang and Li Xi.
As party secretary in Shanghai, Li Qiang, now known as the country’s next premier, has been closely linked to the unpopular “zero-Covid” policies that have disrupted global supply chains at the hub of foreign business this year, hurting foreign investors like Tesla. Outgoing reformist Premier Li Keqiang was not named to the new Politburo at a time when personal sector business leaders are concerned about new sources of income redistribution measures and the government’s tilt in favor of state-owned enterprises.
The party assembly took a stand amid geopolitical tensions with the United States over Taiwan and Beijing’s close ties to Russia, and was watched by governments, businesses and investors around the world for signs of long-term policy instructions in the world’s most populous country and second-largest. economy. The reform of the party’s statutes has added opposition to Taiwan’s independence and Xi’s various existing policies.
Speaking to reporters at a midday rally, Xi, 69, fused praise of Marxism with nationalist themes and assurance that China’s once-high-flying economy will move forward again. The “solid fundamentals will change,” Xi said, answering any questions. of reporters
“China will open its door even more” to the rest of the world, he vowed.
The congress, to this day, had stood out through the coherence of political declarations (see similar publication here). Time will tell to what extent adjustments in the body of workers and factions in the most sensitive lead to policy adjustments.
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