Comments from Han Wenxiu come amid worries that focus on high-quality development and ‘common prosperity’ could sideline China’s economic growth priorities.
Where Beijing sees grey-zone activity and psychological warfare as peaceful means to push unification with Taiwan, for the US, coercion is clearly stipulated in the Taiwan Relations Act as something it opposes and must act against.
China can benefit from a more diverse voice especially at a time of geopolitical tensions when projecting the right image is a challenge. Hopefully, the lack of female representation is a temporary exception.
Domestic politics are causing the deteriorating Washington/Beijing relationship, including the most dangerous issue: Taiwan.
“Chinese modernisation”, a key phrase in Xi Jinping’s recent congress report, holds a promise for the world. A China that stays committed to high-quality development will give a much-needed shot in the arm to the global economy.
The key to reviving China’s economic prospects lies in addressing the paradox that China is a highly distorted economy yet with substantial growth potential. Future growth requires a restructuring of the state’s role in allocating resources.
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China’s long-standing norms, including retirement age and balance of power at the top, are set aside as Xi Jinping seeks to restore party discipline.
To ensure long-term prosperity, China will concentrate on innovation, and further reforms and opening up, while working to ensure a stable global order. For the nearer term, Beijing plans to focus on stability with practical macro policies to solve current problems and anticipated challenges.
It is unsurprising that Xi Jinping chose loyalists to surround him in the Politburo Standing Committee, but the elevation of ideology tsar Wang Huning bears watching. In terms of strategy, it is clear national security will continue to take precedence over economic growth, especially with regard to conflict with the US.
Market sell-off following latest growth figures, major leadership reshuffle and impact of external negative factors have investors and businesspeople seeking policy direction.
There is growing concern in Beijing that the US is hyping up the possibility of war, and creating a self-fulfilling prophecy that sucks China in. It is in the long-term interest of both countries that Chinese and US leaders meet and find a path towards peaceful coexistence.
Xi Jinping’s new hand-picked team to run China for the next five years and beyond is relatively young and will have to tackle many daunting challenges ahead, and that means it must continue to reform and engage proactively with the rest of the world.
China’s international influence does have the power to shape the world but there are limitations to the influence especially when much of what Beijing does is shrouded in secrecy and not subjected to scrutiny.
Belt and road investments suffered contractions due to disruptions brought on by the pandemic, but funding for projects in Southeast Asia rose in 2020.
A blanket ban on products that use US technology being sold to China would not just affect China’s tech development and hurt US companies with Chinese business. It would also rip up global tech supply chains, leaving the world economy with higher inflation and slower growth.
Delivering his ‘work report’ at the opening of the party congress, President Xi Jinping made just two references to the pandemic.
China has made it clear controls must remain in place and there are no plans to relax them, but they could be made more humane and scientific.
After four decades of birth control, China has finally woken up and realised that it may have gone too far in implementing the one -child policy, but Beijing’s U-turn in population policy has come too late.
The days of China’s rise driving international forums, meetings and events bringing people together from all over the globe seem like a distant memory. The growing gap between China and other countries is a loss for everyone involved, the world as a whole and the future of multilateralism.
President not only praises the achievements of the past 10 years at Communist Party’s national congress but more importantly outlines his blueprint for turning the country into a leading global power by mid-century.