It’s a delicate time to be in charge in China. Every five years a big meeting rumbles around in the world’s second-largest economy. While China isn’t a democracy, the Communist Party leadership meeting next year will be an election of sorts. President Xi Jinping, having coalesced power around himself and secured a constitutional rewrite to bust presidential term limits, is going for an unprecedented third term.
To secure it, he’ll need the endorsement of the powerful Central Committee and the more than 2,000 officials who will attend the 20th National Party Congress in 2022, likely late in the year.
“Elite politics in China have always been high-stakes and high-competition,” says Drew Thompson, a visiting senior research fellow at the Lee Kuan Yew School of Public Policy at the National University of Singapore. Winning over influential party members is “going to require lobbying” by Xi, he says, and the congress is also an opportunity for Xi’s critics “to coalesce and potentially challenge him.”
The action begins well before the congress starts. The Central Committee will first meet from Nov. 8 to Nov. 11 this year. That plenum will bring together state leaders, ministers, military chiefs, and provincial bosses. State-run Xinhua News Agency reports that they’ll review and adopt a resolution on the party’s major achievements during its first century.
Diese Geschichte stammt aus der November 01, 2021-Ausgabe von Bloomberg Businessweek.
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