Global Impact: Now the dust has settled after the 20th party congress, where is China heading under Xi Jinping?
- Global Impact is a fortnightly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world
- In this edition, we look back at the 20th party congress in Beijing and ponder what it all means for the next five years (and maybe more) for China
60 second catch-up
Deep Dives
On track or off? US analysts say 20th party congress suggests difficult bilateral relations ahead
-
New military leadership looks solid, but appointees to domestic positions seem more experienced in party ideology than in economics, which could destabilise ties
-
‘Looking into the future, it is uncertainty as far as the eye can see,’ one analyst says
The twice-in-a-decade Communist Party meetings are generally reserved for handling succession issues and outlining broad vision. But China is facing a property crisis, consumer slump tied to its zero-Covid policy, weakening currency, capital outflow and historically low growth rates even as youth unemployment hit a record high of 19.3 per cent in June.
The Hong Kong connection: Xi Jinping, 4 other top Chinese leaders and an ideologue who studied city from afar
-
New hierarchy of seven-member Politburo Standing Committee could lead to smoother implementation of key policies involving Hong Kong, analysts say
-
Pro-Beijing heavyweight says new team gives Hong Kong ‘quite a lot opportunities to be involved in the overall development of China’
Pro-Beijing heavyweight Rita Fan Hsu Lai-tai also said the new team would be “an asset” for Hong Kong as it could guide the city through an increasingly tense geopolitical environment and help it to further integrate with the country’s overall development.
China’s top legislature ‘deliberates’ on new nominations, as leadership reshuffle stokes market turmoil
-
The National People’s Congress (NPC) standing committee, which convened a meeting from Wednesday to Sunday, may have begun political appointments
-
The NPC’s early approval of vice premiers could include those responsible for the economy, pandemic control, science and technology as well as foreign trade
Following days of market turmoil, all eyes are on the appointment of China’s top economic aides, who will be responsible for guiding the country through coming economic storms and continuing Xi Jinping’s grand modernisation strategy.
While Li Qiang, now China’s No 2 in the party hierarchy, will take the premiership in March, the naming of senior government roles might have already begun, enabling appointees to get to grips with economic challenges, plan policy priorities and ensure a seamless transition.
China’s Communist Party cements ‘common prosperity’ as core economic agenda
-
Constitutional revisions also call for acceleration of the ‘dual circulation’ concept
-
Decision comes as structural problems mount at home and headwinds gain strength abroad
The revisions came amid fierce debate about whether Beijing is leaning towards a more inward course and prepared to sacrifice some growth to counteract widening socioeconomic inequality as structural problems mount at home and headwinds gain strength abroad.
China’s Communist Party looks to science cadres to push back at US tech squeeze
-
More scientists added to the top ranks of the party and military command
-
Expertise ranges from rocket science to nuclear power and the environment
Was Beijing’s praise of ‘noble’ party and state leaders a nod to Li Keqiang?
-
A state media report didn’t name names when it recognised leaders who ‘voluntarily’ asked to retire
-
President Xi Jinping used similar accolades for previous high-level retirements
Global Impact is a fortnightly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world.