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. The Chinese delegation, led by deputy head of the International Department of the . Taipei is predictably worried. 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. China's 20th Party Congress will happen in 2022. [17][18] During the speech, he defended China's zero-COVID approach to the COVID-19 pandemic in mainland China, said that Hong Kong had "a major transition from chaos to governance", advocated for Taiwan's "peaceful reunification" but vowed to not renounce the use of force, advocated for "common prosperity," and denounced corruption. 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. She is currently writing a book on Corruption, Law and Power Struggles The China Model, which will be published by Cambridge University Press in 2023. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The world's second-largest economy is slowing and facing a potentially painful rebalancing of its investment- and property-led model. This week, we're previewing the 20th National Congress of the Chinese Communist Party, which begins Sunday. Even his avowal not to foreclose the use of force echoed statements made by previous leaders. It raises the question: How do companies with large global footprints decide which side to pick? Report, Trans-Pacific Near the end of the Party Congress, delegates amended the Peoples Republic of China (PRC)s charter to resolutely oppose and contain Taiwan independence. Alongside this amendment, Chinas leaders hedged on two longstanding judgments about Chinas strategic environment, first that peace and development are the trend of the times, and second, that China is facing a period of strategic opportunity to accomplish its national objectives. 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. U.S. President Joe Biden meets Israeli President Isaac Herzog. RYAN HASS (@ryanl_hass) For Saudis like me, nothing could be more disheartening than a divorce from the United States. Delivered Wednesday & Sunday. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Members of the PSC, who are decision-makers at the highest rank, enjoy certain prerogatives that are not granted to ordinary Politburo members. Explore the benefits included in your subscription. [33][34] Subsequent official voting results showed that all proposals passed unanimously with no abstentions or negative votes. The industry leader for online information for tax, accounting and finance professionals. "The result was a resounding victory for Xi, more decisive than many experienced observers had forecast," said Richard McGregor, Senior Fellow for East Asia at the Lowy Institute think tank in Sydney. 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. 2022. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Weekly update on developments in India and its neighbors. What Happened at Chinas 20th Party Congress? He also called for accelerating the building of a world-class military. Members of China's ruling Communist Party met for the 20th Party Congress, a leadership reshuffle that happens twice a decade. 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. [48], Russian President Vladimir Putin congratulated Chinese leader Xi Jinping on Sunday on securing an unprecedented third term as leader. On October 16, 2022, the 20th National Congress of the Chinese Communist Party opened in Beijing with General Secretary Xi Jinping delivering a two-hour report to 2,296 delegates. Markets are closely watching how Beijing manages these challenges. What does Xi Jinpings power move mean for China? First, it is necessary to stress again that the rule is applied differently to PSC members and ordinary Politburo members. China conducted "precision missile strikes" Thursday in waters off Taiwan's coasts as part of military exercises that have raised tensions in the region to their highest level in decades following a visit by U.S. House Speaker Nancy Pelosi. 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). "[39][40], Subsequent footage released on 25 October by Channel News Asia captures an apparent argument about official papers between Hu and Li Zhanshu before Xi requested for his removal. It was a jaw-dropping event even for the most jaded China. Asia, Asia [45] Jude Blanchette, an expert at the Center for Strategic and International Studies, said that the event "didnt have the stage-managed feel of an orchestrated purge",[46] while Bill Bishop, a China expert, noted that the China Central Television would likely not show Hu during the news footage of the event if he was purged. That position would provide Xi with greater commanding power, security, and prestige. 1957 E ST NW, Washington, DC 20052. Surprise 2: I knew that Hu Jintaos protgs, those leaders whose careers advanced largely through the Communist Youth League ranks (known as tuanpai), would face diminished representation in the leadership, but I never expected that the PSC or Politburo would not include at least one tuanpai leader. It took only a short while, however, for complaints to emerge. | View Comments (). Senior Fellow, Center for East Asia Policy Studies, John L. Thornton China Center. Our Standards: The Thomson Reuters Trust Principles. David M. Finkelstein | Thursday, October 20, 2022. Watch FPs Ravi Agrawal in conversation with two of the contributors to the magazines cover story, Anne-Marie Slaughter and retired Gen. David Petraeus, as they reflect on whats surprised themand how to prevent future wars. 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. At the time of the election, 10 members were under 68 and eligible for a term renewal. * 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. The makeup and size of the next PSC, now at seven members, will also be closely watched. More than 200 people were killed in just two days in Sudan after tribes clashed over a land dispute last week, officials said on Sunday. by James Palmer, Veteran Israeli Diplomat: We Are Only Part of the West When It Suits Us by Ben Lynfield, Xis Third Term Is a Gift in Disguise by Craig Singleton, Barilla claims to be Italys No. China's leadership has announced major policy reversals that have left global investors and others bullish about its economic future. It was a jaw-dropping event even for the most jaded China observers. * Leaders face a difficult time. He re-emphasised the importance of economic development and also called for accelerating the building of a world-class military. Many of the problems from the initial draft have been solved. * 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. The four charges were filed against Ressa and her news site Rappler by President Rodrigo Duterte's administration in 2018. Sudans deadly tribal clashes. Brookings experts reflect on the elite political gathering and what its outcomes mean for China and the rest of the world. What have we learned so fShow morear, and how can we apply those lessons to make sure we dont sleepwalk into yet another war? The first two features small-scale and rapidly disseminated online are common to the Chinese tradition of popular dissent. What Happened at Chinas 20th Party Congress? All quotes delayed a minimum of 15 minutes. Nine of them retired, as dictated by the rule. If elected, she would become the third Shinawatra to lead Thailand after her father and aunt both of whom were removed by military coups. Equally conspicuous at the 20th Party Congress are the paths that Xi did not take. Boris Pistorius, a longtime politician with little foreign policy experience, will host his counterparts later this week to discuss Ukraine. Director, John L. Thornton China Center. Since assuming power, Xi, the son of a communist revolutionary, has strengthened the party and its role across society and eliminated space for dissent. 11/03/2022 Andrea Yang The Communist Party of China (CPC) concluded its 20th National Congress on the 22 nd of October, marking the end of an old term and the start of a new term. ", "Kim Jong Un congratulates Xi for reelection, hopes for 'more beautiful' ties", "Putin congratulates China's Xi on unprecedented third term", "Taiwan says it will not back down on its sovereignty", "China will never renounce right to use force over Taiwan, Xi says", "China lists KMT as 'Taiwan Area political party' in thank-you letter", "President Xi's Tightening Grip On China Could Boost Some Chinese Stocks", Full Transcript in English of President & CCP General Secretary Xi Jinping's report to China's 2022 party congress, General Secretary of the Chinese Communist Party, President of the People's Republic of China, Chairman of the Central Military Commission, 2017 re-election as Party general secretary, 2018 party and government reform in China, 2019 China 70th National Day grand parade, 100th Anniversary of the Chinese Communist Party, 2020-2021 Xi Jinping Administration reform spree, 2022 2nd re-election as Party general secretary, General Secretary Xi Jinping important speech series, General Secretary Xi Jinping's Kindness We Never Forget, https://en.wikipedia.org/w/index.php?title=20th_National_Congress_of_the_Chinese_Communist_Party&oldid=1128051228, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 18 December 2022, at 03:31. 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