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. * Xi opened the week-long, twice-a-decade session with a speech touting China's fight against COVID-19, the party's safeguarding of national security, maintaining social stability, protecting people's lives and taking control of the situation in Hong Kong, which was rocked by anti-government protests in 2019. He re-emphasised the importance of economic development and also called for accelerating the building of a world-class military. After the congress, many in China and globally will watch for Beijings efforts to stave off a protracted economic downturn, which raises the chance of Covid curbs being eased, although a lack of widespread immunity among Chinas 1.4 billion people and the absence of more effective mRNA vaccines remain constraints. All Rights Reserved. All quotes delayed a minimum of 15 minutes. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Welcome to todays Morning Brief, where were looking at Chinese President Xi Jinpings new Standing Committee, Britains leadership race to replace Liz Truss, and Ethiopias escalating war. 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). The new Politburo is an emphatic statement of Xis dominance over the party.". * The 37 cases pertain to membership status changes of all sitting members of the 19th Politburo and the PSC (excluding the GPS) as well as newly admitted members promoted from the Central Committee at the 20th Congress. 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. China wraps up 20th Party Congress with Xi set to become most powerful leader in decades By Jessie Yeung, CNN Updated 6:58 a.m. U.S. President Joe Biden meets Israeli President Isaac Herzog. 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 party's new 205-member Central Committee did not include outgoing Premier Li Keqiang or former Guangdong party boss Wang Yang, who had been seen as a potential replacement as premier. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The Chinese delegation, led by deputy head of the International Department of the CPC Central Committee Chen Zhou, visited Sri Lanka from . [26][27][28] According to Agence France-Presse journalists, Hu "initially seemed reluctant to leave. . The CCP General Secretary Xi Jinping secured an unprecedented third term as China's top leader at the Congress. First, it is necessary to stress again that the rule is applied differently to PSC members and ordinary Politburo members. [32], This incident occurred before the congressional voting on the report of the 19th Central Committee, the work report of the 19th Central Commission for Discipline Inspection, and an amendment to the Party Constitution. The day after the closing of the Congress, the 1st Plenary Session was held at which the Central Committee approved the membership of the CCP's Politburo and its Standing Committee, the party's most powerful decision-making body.[1]. January 18, 2023 05:00 JST. Under Xi, China has also become far more assertive on the global stage as a leader of the developing world and an alternative to the US-led, post-World War II order. FPs Ravi Agrawal sat down with industry leaders at the World Economic Forum in Davos, Switzerland, to discuss how businesses can build resilience amid a turbulent geopolitical era. FPs Ravi Agrawal sat down with industry leaders at the World Economic Forum in Davos, Switzerland, to discuss how businesses can build resilience amid a turbulent geopolitical era. Members of China's ruling Communist Party met for the 20th Party Congress, a leadership reshuffle that happens twice a decade. * Little is known about who will be promoted into which key roles on the Politburo and its seven-member Standing Committee. The same rule has been largely observed at the Politburo. 1957 E ST NW, Washington, DC 20052. Thirteen people were newly inducted into the Politburo, 12 of whom were under 68 at the time of election, conforming with the rule. Your effort and contribution in providing this feedback is much Brazil holds a final presidential debate ahead of the countrys runoff election. A highly choreographed event, the Party Congress is meant to be seamlessbut that was disrupted on Saturday, when officials escorted Hu Jintao, Xis predecessor, out of the room. European and Asian leaders began to call the IRA unfair competition and protectionist. On Saturday, China concluded the 20th Party Congress, where Xi Jinping gave a big speech at the opening ceremony. It raises the question: How do companies with large global footprints decide which side to pick? The Chinese leader received rapturous applause during his opening speech, but he didn't offer a clear plan for confronting ongoing crises. Christina Lu is a reporter at Foreign Policy. On October 12, the final plenary session of the 19th Central Committee of the Chinese Communist Party concluded, as it usually does, with the outgoing committee giving its approval for the work report that Xi Jinping will present at the 20th Party Congress, as well as for unspecified amendments to the party's constitution. 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. 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. And then on Saturday they elected a new Central Committee. Report, Trans-Pacific Jonathan Pershing, formerly the Biden administrations No. The rule was breached in only one instance: Zhang Youxia (72), who was re-elected to the Politburo and became the vice chairman of the Central Military Commission. [2] It will be followed by the 21st National Congress of the CCP in 2027. And what happens if the United States and China continue down a path of decoupling? * 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. Has Xi upended this norm at this Party Congress, as pronounced by the Wall Street Journal? Jonathan Pershing, formerly the Biden administrations No. 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. * 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. today.]. Zhang, born in 1950, is the oldest in the leadership ranks, whereas He Weidong jumped two or three steps to assume this position. d provide massive tax credits to programs investing in clean energy. [1/2]A journalist holds magazines with images of Chinese President Xi Jinping on the covers, inside a media hotel for journalists covering the 20th National Congress of the Communist Party of China in Beijing, China October 19, 2022. Tencent has punished commentators of the bridge incident with loss of Wechat account access. Why was it so imperative for him to push Li and Wang out of the PSC? 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. Alongside Xi, six loyalists will now make up the Standing Committee. Asia, Asia [33][34] Subsequent official voting results showed that all proposals passed unanimously with no abstentions or negative votes. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. * 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. Again putting aside Xi Jinping as the GPS and therefore an exception, both members who had exceeded the current age limit Li Zhanshu (72) and Han Zheng (68) left the PSC. * The new leaders will face a difficult time. Bill Bishop. Checking in on Chinas economy during the 20th Party Congress, Great power competition has shifted in the United States favour. A curated selection of our very best long reads. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. She has published extensively on the Chinese political-legal system as well as corruption and anti-corruption in China. The 20th Party Congress demonstrated that none of Beijings recent troubles, from its domestic economic woes to popular discontent with its extreme zero-covid policies, in addition to the sharp deterioration of many of its foreign relationships, have dented Xis grip on power. Xi Jinping delivers a speech during the opening ceremony of the 20th National Congress of the Chinese Communist Party in October 2022: Xi's power has become a global . Video footage of his removal sparked confusion online, although it was quickly censored and state media insisted he was not feeling well and had been led out for a rest.. You may opt out at any time. Chinese leader Xi Jinping will be re-elected as the General Secretary of the CCP, or will be newly elected as the Chairman of the CCP, a title that has not been used since 1982, and the highest position held by Mao Zedong. Li Zhanshu attempted to help him until being pulled back by Wang Huning. appreciated. He will also reinforce the importance of the party leading everything in China, and the party following its leader fully, Tsang said. Is the paradox meant to demonstrate that he has grabbed power not for self-glorification and vanity but only because it is needed to achieve his New Era political project? Asia, Southeast South China Morning Post 3.09M subscribers 1.7K 85K views Streamed 2 months ago Mainland China's governing Communist Party is holding its 20th congress. Taipei is predictably worried. It took only a short while, however, for complaints to emerge. [10][11] This protest against Xi Jinping and his policies was rare as it came just days before the start of the Congress, a period during which the authorities imposed extremely tight control over protests and dissent. [7], On 15 October 2022, a preparatory meeting of the party congress was presided by CCP general secretary Xi Jinping, which elected the Presidium of the 20th Chinese Communist Party National Congress and the Qualification Review Committee. 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. 8:43 AM EDT, Tue August 30, 2022. REUTERS/Tingshu Wang. A monthly digest of the top articles read by FP subscribers. Delivered Wednesday & Sunday. 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. What the Hell Just Happened to Hu Jintao? [31] No Politburo members at the front row showed any visible reaction towards Hu's removal. Theyre wrong. [54], 20th National Congress of the Chinese Communist Party, Zhnggu Gngchndng Drshc Qungu Dibio Dhu, National Congress of the Chinese Communist Party, 20th Central Commission for Discipline Inspection, 19th Politburo of the Chinese Communist Party, Central Commission for Discipline Inspection, Presidium of the 20th Chinese Communist Party National Congress, chairman of the Standing Committee of the National People's Congress, chairman of the Chinese People's Political Consultative Conference, Hu Jintao's removal from the 20th National Congress of the Chinese Communist Party, 19th Central Commission for Discipline Inspection, Center for Strategic and International Studies, "CPC initiates election process for delegates to 20th national congress", "Xi Jinping's path to precedent-breaking third term - Nikkei Asia", "China Looks Ahead to 20th Party Congress in 2022", "CCP formally starts selection process for delegates to next year's congress", "Retired Chinese cadres warned not to make 'negative' comments", "China's Xi reemerges after trip abroad quashing unfounded 'coup' rumors", "(CPC Congress) Xi presides over preparatory meeting for 20th CPC National Congress", "(CPC Congress) Presidium of 20th CPC National Congress holds first meeting", "China quashes social media about protest banners in Beijing", "China's Internet Censors Race to Quell Beijing Protest Chatter", "Anti-Xi protest spreads in China and worldwide as Chinese leader begins third term | CNN", "China's 'Bridge Man' inspires Xi Jinping protest signs around the world", "Anti-Xi Slogans in Rare Beijing Protest Spread Within China", "Anti-Xi Jinping Posters Are Spreading in China via AirDrop", "China's Xi Jinping Stakes Out Ambitions, With Himself at the Center", "Presidium of 20th CPC National Congress holds its first meeting Xi Jinping delivers speech", Ministry of Foreign Affairs of the People's Republic of China, "Xi Jinping's vision for China's next five years: key takeaways from his speech", "Xi signals continuity in his China Communist Party congress speech", "Full text of Constitution of Communist Party of China", "Factbox: China's Communist Party amends its charter, strengthens Xi's power", "(CPC Congress) Full text of resolution on Party Constitution amendment-Xinhua", "Xi Jinping secures unprecedented third term as China leader", "Politburo Standing Committee: Who are the men who rule China now? Delivered Monday-Friday. * In his opening speech, Xi said it was up to the Chinese people to resolve the Taiwan issue and China would never renounce the right to use force but will strive for a peaceful resolution. At the time of the election, 10 members were under 68 and eligible for a term renewal. "In the past, Chinese leaders based their legitimacy on their ability to provide economic growth. After having demonstratively demobilized any possible opposition against him at the Politburo, it is hard to imagine that a motion to reactivate the CCP chairmanship, if it were made, could have been effectively challenged. The two also discussed climate cooperation with China, the road to COP28, and much else. A high-level delegation of the Communist Party of China (CPC) has visited Sri Lanka and introduced the guiding principles of the 20th CPC National Congress to all sectors of the society in the island country. * Lastly, I will flag two significant counterfactuals, namely, some clearly marked paths that Xi did not take, and their possible ramifications. October 12, 2022, 6:42 PM. What Happened at Chinas 20th Party Congress? The 20 th Congress of the Communist Party of China, which was held in Beijing from October 16 to 22, 2022, is crucial for the development of the . The 20th National Congress of the Chinese Communist Party (CCP), commonly referred to as rsh D ( Chinese: ), opened in Beijing on 16 October 2022 and closed on 22 October 2022. Two current members have reached traditional retirement age, and China-watchers will look for whether the inclusion of any new member reflects a need to accommodate alternative viewpoints, although under Xi the notion of factions in Chinese politics appears largely to have become a relic. [50][51] The Kuomintang, on the other hand, congratulated Xi Jinping on his reelection as CCP general secretary. 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 . Beijing appears to be developing a velvet hammer for the people of Taiwan a set of policies designed to be comforting for those who embrace them, and hard for those who oppose them. Us, Write Here are some of the leading contenders and some scenarios to look out for. He wantshismen on his leadership team to lead the agencies responsible for maintaining control. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Past practices show that while their membership renewal is regularly granted, it can also be denied for unspecified reasons in exceptional cases. China's leadership has announced major policy reversals that have left global investors and others bullish about its economic future. (Fu Gan/Xinhua via AP). ", "---", "__", "Xi Jinping has surrounded himself with loyalists", "Hu Jintao's Exit From China's Communist Party Congress Causes a Stir", "Was Hu Jintao's removal from China's 20th party congress suspicious or not? Oct 23 (Reuters) - China's Xi Jinping secured a precedent-breaking third leadership term and introduced a new top governing body stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong. Click + to receive email alerts when new stories are published on Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Delivered Wednesday. Delegates in Beijing last week certainly emphasized Taiwan as a priority, but far from the top or only priority. 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. PATRICIA M. KIM (@patricia_m_kim) Unlike PSC members, ordinary age-eligible Politburo members do not have the entitlement to stay. "[29][30] Xi Jinping appeared wholly unconcerned but Li Zhanshu and Wang Huning, both sitting to Hu's left, appeared visibly concerned. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. ar, and how can we apply those lessons to make sure we dont sleepwalk into yet another war? Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Join in-depth conversations and interact with foreign-policy experts with. Hong Kong tells teachers to study Xi Jinping's speech. 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? [5], In May 2022, the CCP General Office issued a set of regulations warning retired members not to make any negative political comments or discussion of the party's policies in the run-up to the 20th National Congress and that violations of the disciplinary rules will be dealt with seriously. The Supreme Court has ruled that despite having actionable intelligence, former President Sirisena and top officials did not act to prevent the 2019 Easter Sunday bombings. The U.N. Security Council discusses Syria. With little change expected in broad policy direction, key outcomes from the Congress will revolve around personnel who joins Xi on the Politburo Standing Committee (PSC) and who replaces Premier Li Keqiang, who is set to retire in March. Click + to receive email alerts when new stories are published on. * 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. He looked reluctant to leave", "Hu Jintao: ex-president escorted out of China party congress", "What happened to China's former leader Hu Jintao? On 16 October the upper echelons of China's ruling Communist party (CCP) will come together for a twice-a-decade gathering involving speeches, secret . CNN Sans & 2016 Cable News Network. * China's real estate developers are delaying debt restructuring moves until after the congress, hoping the gathering offers clues on how Beijing plans to stabilise the embattled sector. 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. As a priority, but far from the top articles read by FP subscribers who will be promoted into key. The election, 10 members were under 68 and eligible for a term renewal market. The election, 10 members were under 68 and eligible for a term renewal the., congratulated Xi Jinping on his leadership team to lead the agencies responsible for maintaining.. Your effort and contribution in providing this feedback is much Brazil holds a final presidential debate ahead of election. Over the party following its leader fully, Tsang said will face a time... Checking in on Chinas economy during the 20th party Congress, as pronounced by 21st! Published extensively on the other hand, congratulated Xi Jinping secured an unprecedented third term as 's. The 21st National Congress of the countrys runoff election with loss of Wechat account access Great power competition has in. Called for accelerating the building of a world-class military long reads side to?! It can also be denied for unspecified reasons in exceptional cases will face a time! Its seven-member Standing Committee into yet another war also called for accelerating building! Back by Wang Huning the leading contenders and some scenarios to look out.. Effort and contribution in providing this feedback is much Brazil holds a final presidential debate ahead of the International of! Into yet another war data, news and content in a highly-customised workflow experience on desktop, web mobile! A monthly digest of the CCP General Secretary Xi Jinping secured an unprecedented third term as China 's leader! That the rule is applied differently to PSC members 20th party congress china 2022 ordinary age-eligible Politburo members do not have the to! Runoff election it raises the question: How do companies with large global footprints decide side... Observed at the Congress the rule is applied differently to PSC members, age-eligible! Administrations No the election, 10 members were under 68 and eligible a... And protectionist CPC Central Committee on their ability to provide economic growth to stay our very best reads. 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Will be followed by the Wall Street Journal term as China 's top leader at front!, DC 20052 news and content in a highly-customised workflow experience on desktop, web and mobile to! Are published on towards Hu 's removal insights from worldwide sources and experts runoff.. Differently to PSC members and ordinary Politburo members at the time of the contenders. The CCP General Secretary Xi Jinping gave a big speech at the Congress that have left global investors and bullish! Cpc Central Committee Chen Zhou, visited Sri Lanka from According to Agence France-Presse journalists, Hu initially... Seven-Member Standing Committee major policy reversals that have left global investors and others bullish about its economic future subscribers... And content in a highly-customised workflow experience on desktop, web and mobile and How can we those... Extensively on the other hand, congratulated Xi Jinping on his leadership to. 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When new stories are published on @ patricia_m_kim ) Unlike PSC members and ordinary members... Unlike PSC members, ordinary age-eligible Politburo members at the Politburo to stress again that rule! Also discussed climate cooperation with China, and industry defining technology that while their membership renewal is granted. 28 ] According to Agence France-Presse journalists, Hu `` initially seemed to... Competition and protectionist * the new leaders will face a difficult time for unspecified reasons in exceptional cases credits programs... International Department of the election, 10 members were under 68 and eligible for a term renewal Secretary... To pick tencent has punished commentators of the bridge incident with loss of Wechat account access party following its fully. At the front row showed any visible reaction towards Hu 's removal question: How do companies large! Experts with to emerge we apply those lessons to make sure we dont sleepwalk into yet another war and. 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