* In a highly unusual move, China delayed the release of key economic indicators scheduled for publication this week. Another possibility for the premiership is Chen Miner, 61, a Xi protege who is party chief of the vast municipality of Chongqing but has never held nationwide office. LIVE Q&A: Join . He will take China to an even more Sino-centric approach to policy, particularly foreign policy, said Steve Tsang, director of the University of Londons SOAS China Institute. Money, Tokyo [1/4]A view of Chinese national flags in a street of an old neighbourhood as the city prepares for the 20th National Congress of the Communist Party of China, in Beijing, China October 11, 2022. And it underscored the huge perception gap between Beijing and its Western counterparts on Chinas recent track record. 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. The world's second-largest economy is slowing and facing a potentially painful rebalancing of its investment- and property-led model. These incidents were small-scale, rapidly disseminated then swiftly censored; and contained blatant mockery of paramount leader Xi. 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. October 12, 2022, 6:42 PM. With the naming of the Standing Committeea powerful, elite group of seven politicians inside the larger Politburo, Chinas key policymaking committeeit is now clear who will be charged with executing this vision of absolute control. ", "Former Chinese president Hu Jintao unexpectedly led out of party congress", "Hu Jintao escorted out of China party congress", "Hu Jintao's Exit from China's Party Congress Causes a Stir", "Former Chinese President Hu Removed From Congress", "Former Chinese president Hu Jintao was led out of the Communist Party Congress. First, enlargement of the PSC would have been an easier alternative to Xis chosen path of pushing out two age-eligible sitting PSC members. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Southeast Weekly update on whats driving U.S. national security policy. Xi Centralizes Power at 20th Party Congress. The 19th Party Congress Fifth Plenum is completed; the 14th Five-Year Plan is in draft. At the time of election, 10 ordinary Politburo members (those who were not concurrently members of the PSC) were at or over the age of 68. The 20th Party Congress has closed, with Xi Jinping's grip on power even tighter than expected. These longstanding judgments provided a basis for China to concentrate on domestic development while it sought to preserve a benign periphery conducive to Chinas rise. [55] The Golden Dragon China Index, an index of multiple Chinese companies listed on American exchanges, fell 14% in its worst daily drop since 2004,[56] before partially rebounding a day later. The CCPs age limit norm refers to a non-democratic but relatively transparent mechanism that regulates both the exits of sitting members of the Politburo and the Politburo Standing Committee (PSC) and the accessions of new members to these bodies. Watch the full interview for insights on how industry thinks about deglobalization, the U.S.-China rivalry, the war in Ukraine, and much more. China's leadership has announced major policy reversals that have left global investors and others bullish about its economic future. To be clear, though, the velvet seems to be wearing thinner while the steel gets harder with each passing year. 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. As the Egyptian economy falters, Sisi is turning to the Chinese government for support. The panelists included Anne Richards, CEO of Fidelity International; Carmine Di Sibio, CEO of Ernst & Young; Mathias Miedreich, CEO of Umicore; and Lubna S. Olayan, chair of the executive committee of Olayan Financing Company. Such paths include, most notably, an enlargement of the PSC and the reactivation of the party chairmanship. Oct 13 (Reuters) - China's 20th Communist Party Congress kicks off on Sunday, with Xi Jinping widely expected to clinch his third five-year stint in charge - a mandate that would secure his stature as the country's most powerful ruler since founding leader Mao Zedong. However, the last feature blatant attacks on the reign of Chinas paramount leader is unusual. All quotes delayed a minimum of 15 minutes. [41], James Palmer, a deputy editor at Foreign Policy, interpreted the incident to have been political, suggesting that it could have been Xi's intention to "deliberately and publicly humiliate his predecessor. Surprise 5: I believed that the military leadership would change substantially, but I never thought that the two Central Military Commission vice chairman would be Zhang Youxia and He Weidong. Despite headwinds that have buffeted his path to a third term from a moribund economy, the Covid-19 pandemic and rare public protests to rising frictions with the West and tensions over Taiwan Xi is poised to secure a mandate to pursue his grand vision for the rejuvenation of the Chinese nation for years to come. Boris Pistorius, a longtime politician with little foreign policy experience, will host his counterparts later this week to discuss Ukraine. Lastly, the rule of promotion has been closely observed at the PSC. [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. * At the congress's closing on Saturday, the party's new 205-member Central Committee did not include Li Keqiang or former Guangdong party boss Wang Yang, who had been seen as a potential replacement as premier. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The Communist Party is set to hold its 20th national congress in mid-October, a gathering that will usher in a new line-up of the party's leadership. Find many great new & used options and get the best deals for China 2022-23 FDC Stamp 20th National Congress of China Communist Party Stamp at the best online prices at eBay! * In a highly unusual situation, Chinese former President Hu Jintao was unexpectedly escorted out of the closing ceremony. The 20th National Congress of the Chinese Communist Party () will be held in Beijing in October 2022. Want to read more on this topic or region? Our Standards: The Thomson Reuters Trust Principles. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. At this congress, the rule of renewal was violated at the PSC because of the premature exits of Li Keqiang (67) and Wang Yang (67). Nonresident Senior Fellow, John L. Thornton China Center. Richard C. Bush The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. A Warner Bros. Brazil holds a final presidential debate ahead of the countrys runoff election. "[42] Xi had been harshly critical in his previous speeches, where he spoke of "the problem that the party's leadership had been weakened, blurred, diluted, and marginalized" (Chinese: "") before his leadership. I exclude the general party secretary from this analysis because, as I have explained elsewhere, the GPS enjoys more privileges than other PSC members and his position is the least regulated among all. 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. Ling Li teaches Chinese studies at the University of Vienna. Tencent has punished commentators of the bridge incident with loss of Wechat account access. Hong Kong tells teachers to study Xi Jinping's speech. Chinese President Xi Jinping is seen at the end of the Chinese Communist Party's 20th Party Congress on a giant screen a commercial district of Hangzhou in eastern China's Zhejiang province on . In this essay, I will first unpack what this age limit norm means in an effort to clear out some widespread flawed observations. These three incidents, although representing only the polar extreme of dissent, tap into a broader undercurrent of societal discontent both within and outside of China that is pressing for the Party to address. So, under the Xi system, power is highly concentrated, the flow of information to the top is tightly constricted, and the risks of anyone challenging Xis view of reality based on objective information are high. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. All quotes delayed a minimum of 15 minutes. * Russia's Vladimir Putin and North Korea's Kim Jong Un were quick to congratulate Xi on his third term in power. 1 brand of pasta, but it actually produces its noodles for the U.S. market in Iowa and New York, leading two customers to sue it for false advertising. Want to read more on this topic or region? Get briefed on the story of the week, and developing stories to watch across the Asia-Pacific. Brookings experts reflect on the elite political gathering and what its outcomes mean for China and the rest of the world. Oct 22 (Reuters) - China's Communist Party wrapped up its twice-a-decade congress on Saturday, approving amendments cementing Xi Jinping's iron grip on the party and revealing a new Central Committee missing two key officials lacking close ties to the leader. Delegates in Beijing last week certainly emphasized Taiwan as a priority, but far from the top or only priority. Delivered Monday-Saturday. 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? She has published extensively on the Chinese political-legal system as well as corruption and anti-corruption in China. Chinese President Xi Jinping waves after speaking at a press event at the 20th Party Congress at the Great Hall of the People in Beijing on Oct. 23. Has Xi upended this norm at this Party Congress, as pronounced by the Wall Street Journal? Therefore, Xis inactions speak at the same volume, if not louder, as the actions of violations mentioned above. It raises the question: How do companies with large global footprints decide which side to pick? Free shipping for many products! What was, however, surprising regarding the electoral outcome of the 20th Party Congress was the total demobilization of the Youth League, a fact manifested by the premature exits from the Politburo of all three bannermen of that group. Were very proud of the brands Italian heritage, the companys Italian know-how, and the quality of our pasta in the U.S. and globally, a company spokesperson said in a statement. Former British Prime Minister Boris Johnson has withdrawn his bid to replace his successor, Liz Truss, just days after launching a desperate campaign to secure enough support from Conservative lawmakers to reclaim power. A curated selection of our very best long reads. 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. It was unsurprising for at least two related reasons. All quotes delayed a minimum of 15 minutes. By James Palmer, a deputy editor at Foreign Policy. The same rule has been largely observed at the Politburo. A day after the 20th Party Congress, Xi is expected again to be conferred the roles of General Secretary of the Communist Party and Chairman of the Central Military Commission. Photo by Noel Celis/AFP. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 2023 Cable News Network. * Leaders face a difficult time. He chose a more radical and costly approach over a more accommodating and collaborative one in order to establish total informal control over the PSC. 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. The Politburo announced on Tuesday the start date for the congress, which typically lasts about a week and takes place mostly behind closed doors at the Great Hall of the People on the western side of Tiananmen Square in central Beijing. With Johnsons exit, Rishi Sunak holds a clear lead in the leadership race. 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 re-emphasised the importance of economic development and also called for accelerating the building of a world-class military. He will also reinforce the importance of the party leading everything in China, and the party following its leader fully, Tsang said. Why was it so imperative for him to push Li and Wang out of the PSC? 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Black Panther 2, which originally released elsewhere in November 2022, will set the table on February 7, while Ant-Man 3 will hit Chinese movie theaters on February 17, day-and-date with North . * 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. Bill Bishop. * 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. I expected that he would need to promote younger sixth generation (6G) leaders, but I never predicted that the two younger leaders, Li Qiang and Ding Xuexiang, would both be positioned to serve in the State Council as premier and executive vice premier. 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. Victor Shih. Alongside Xi, six loyalists will now make up the Standing Committee. "[29][30] Xi Jinping appeared wholly unconcerned but Li Zhanshu and Wang Huning, both sitting to Hu's left, appeared visibly concerned. David M. Rubenstein Fellow, Center for East Asia Policy Studies, John L. Thornton China Center. Xi was able to dominate personnel selection because he had gained control already of the military, the security agencies, the organization/personnel system, and the propaganda system. French President Emmanuel Macron meets Pope Francis. The default username below has been generated using the first name and last initial on your FP subscriber account. In this photo released by China's Xinhua News Agency, air force and naval aviation corps of the Eastern Theater Command of the Chinese People's Liberation Army (PLA) fly planes at an unspecified location in China, Thursday, Aug. 4, 2022. All quotes delayed a minimum of 15 minutes. Our Standards: The Thomson Reuters Trust Principles. Contenders to be premier, a role charged with management of the economy, include Wang Yang, 67, who heads a key a political advisory body, and Hu Chunhua, 59, a vice premier. The politician had presided over the citys catastrophic COVID-19 lockdown that fueled food shortages and intense public anger. Updated 1:38 AM EDT, Sun October 23, 2022. I have sadly come to the conclusion that this would simply not be the right thing to do, Johnson said in a statement. 8:43 AM EDT, Tue August 30, 2022. The two also discussed climate cooperation with China, the road to COP28, and much else. [12], Similar protest slogans subsequently appeared in other cities in China and around the world. This signals that Xi Jinping 3.0 will likely continue favoring repression over concession when it comes to quelling dissent. In . From a historical point of view, this process of transfer of power will be a long-term process, writes Xu Bo, Professor at the Northeast Asia Research Center of Jilin University (Changchun, China). As I explained elsewhere, chairman is the highest title that a CCP leader can strive for. And then on Saturday they elected a new Central Committee. [52], Stocks related to Chinese corporations suffered major losses on October 24, with the Hang Seng Index falling 6%, its worst daily decline since the 2008 financial crisis. Equally conspicuous at the 20th Party Congress are the paths that Xi did not take. He had ignored established norms when they were obstacles to his building his power. Friday, Oct. 28: The U.K. Conservative Party is expected to announce a winner in its leadership election. Theyre wrong. "All of his rivals, potential and real, have been forced out of the Politburo Standing Committee and Xi loyalists took their place. A monthly digest of the top articles read by FP subscribers. The 20th Party Congress has closed, with Xi Jinping's grip on power even tighter than expected. The United States recognizes the ongoing armed conflict and the extraordinary and temporary conditions engulfing Ethiopia, and [the Department of Homeland Security] is committed to providing temporary protection to those in need, U.S. Secretary of Homeland Security Alejandro Mayorkas said. Next, the rule of renewal. The appointments to the Politburo and its Standing Committee confirm even more clearly than ever that Chinese President Xi Jinpings top priority is to maximize his control of the Chinese Communist Party (CCP) system. See here for a complete list of exchanges and delays. European and Asian leaders began to call the IRA unfair competition and protectionist. Click + to receive email alerts when new stories are published on Delivered Wednesday. On this episode of Chinese Whispers, I've asked back Bill Bishop, author of the popular Sinocism newsletter, and . Checking in on Chinas economy during the 20th Party Congress, Great power competition has shifted in the United States favour. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The incident was not broadcast in China and both Hu's and Hu's son's names were blocked by Chinese censors. Now, he is much better. Since assuming power, Xi, the son of a communist revolutionary, has strengthened the party and its role across society and eliminated space for dissent. Markets are closely watching how Beijing manages these challenges. Then I will explain to what extent the age limit norm has been observed, or, from the reverse perspective, violated, based on an analysis of 37 cases concerning membership status changes at the Politburo and the Politburo Standing Committee (PSC) at the 20th Congress. The combination of the seemingly careless violations of the age limit norm and the disciplined self-constraint to hold back from claiming the CCP chairmanship paints a curious picture of Xis mindset. 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 country's most powerful ruler since founding leader Mao Zedong. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. One-stop digest of politics, economics, and culture. Sudans deadly tribal clashes. for Us, concluded in my previous piece published in The Diplomat magazine. 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. Given its qualities just mentioned, I concluded in my previous piece published in The Diplomat magazine that it would be against the CCPs and Xis own interest to break this norm. Nevertheless, since, as explained earlier, the renewal of Politburo membership is subject not only to the age limit but also other factors, his exit is not a violation of the rule. Asia, Southeast * 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. A man stands under the Chinese Communist Party emblem at the end of the closing ceremony on October 22. On October 23, the 20th National Congress of the Chinese Communist Party (CCP) finally ended, with a dramatic closing ceremony. Tokyos dramatic shifts on defense and China policy are likely to have ramifications for New Zealand. 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 . Asia, Central 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. That position would provide Xi with greater commanding power, security, and prestige. 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. 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