Index Investing News
Friday, May 22, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

China’s party congress is significant for India, world

by Index Investing News
October 8, 2022
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


The 20th Communist Party of China (CPC) will be convening its five-year party Congress on October 16. This will be watched keenly for several reasons.

One, while it is almost certain that the current party and State leader, Xi Jinping, will continue in these positions for at least another five years, it is not certain whether there will be a move to make him a leader for life as Mao Zedong (1949-1976) was.

Two, there are rumours that the party constitution may be changed to alter Xi’s position to that of party chairman, and not just the party’s general secretary. This would accord him the same status as Mao Zedong, who served as party chairman throughout his tenure. After Mao died in 1976, his chosen successor, Hua Kuofeng, did serve as party chairman, but this position was done away with in 1982, under Deng Xiaoping. Thereafter, the party leadership rested with the general secretary.

Three, there are reports that there will be a change to reduce the current description of Xi Jinping’s doctrinal ideas from “Xi Jinping Thought on Socialism with Chinese Characteristics in a New Era” to a handy “Xi Jinping Thought”. Mao Zedong’s ideas are referred to as Mao Zedong Thought in the party constitution, and a change in how Xi’s ideas are described will put him in the same league, optically. In CPC media in the run-up to the 20th party Congress, Xi is also referred to as a “helmsman”, which was also an appellation used for Mao.

Whether these reports prove accurate or not, it is clear that Xi will continue as China’s top leader and enjoy an enhanced status similar to Mao Zedong. The latter is unquestionably regarded as the most revered and powerful Chinese leader in the CPC pantheon.

The five-year party Congresses witness a significant change in party personnel at different levels. The CPC has 95 million members, and there will be 2,280 delegates to the Congress from all over the country. These delegates will then choose 204 central committee (CC) members and 172 alternate members. At the next level are 25 Politburo (PB) members and, currently, seven members of the Politburo Standing Committee (PBSC), which is the apex-level body.

Since Deng Xiaoping introduced certain reforms, party functionaries have observed a mandatory retirement age. They also cannot serve more than two five-year terms in leadership positions. According to an analysis done by Washington-based think-tank Brookings, it is likely that in observance of these norms, two-thirds of the central committee will change, as will half of the PB and perhaps half of PBSC.

There is some unpredictability in this respect since there was a party announcement that personnel changes may not be based “solely on age”. Exceptions are likely to apply to the higher echelons of leadership. Nevertheless, there will be a new generation of better educated and more technocratic party members in leadership positions. This seems to be the case, particularly among the People’s Liberation Army (PLA) representatives.

The party Congress is convening in a challenging domestic and external environment for China and Xi. The Chinese economy is facing unprecedented headwinds. There are supply chain disruptions as Xi’s zero-Covid-19 policy has led to frequent lockdowns in several major urban centres in the country. The services sector and consumption have been severely impacted. The property sector, which constitutes nearly 30% of the Gross Domestic Product (GDP), is in a persistent crisis and facing a meltdown. There is a resurgence of socialist orthodoxy, which has shaken the vibrant and eminently successful private sector. There is renewed stress on the public sector as the leading force in the economic and technological transformation of the country. The reform and opening up strategy associated with Deng Xiaoping is being modified even though the rhetoric remains the same. China’s GDP is expected to grow by about 3% or less this year, against a target of 5.5%.

The external environment, too, has shifted in an adverse direction. The relationship with the United States (US) has worsened, and European perceptions of China have moved from tacit neutrality to adversarial. China is now described as a “systemic rival.” In the Indo-Pacific, China faces a more crystallised, more coherent Quad (India, US, Japan and Australia), a US-led Indo-Pacific Economic Framework (IPEF), and an Australia, United Kingdom and US alliance (AUKUS), which has an explicit nuclear dimension. China bet on its “no-limits partnership” with Russia, but with the Ukraine conflict pulling Russia deeper into the quicksand of an unwinnable war, Chinese anxieties are mounting. There have been questions about Xi’s judgment in hitching China closely to Putin’s now-tattered mast.

Xi has been trying to assert his leadership by conveying both confidence in achieving the “great rejuvenation” of the Chinese nation and also drawing attention to the greater struggles that lie ahead. Both, he seems to suggest, require the unquestioned leadership of the party with himself as the “core” and now the helmsman.

India should monitor the party Congress carefully because it will contain important clues to the domestic and external policy direction we may expect in the next several years. However, judging by the rhetoric leading up to the Congress, one does not expect a shift that may augur a more benign phase in India-China relations.

Shyam Saran is a former foreign secretary and a senior fellow, Centre for Policy ResearchThe views expressed are personal



Source link

Tags: ChinasCongressIndiapartySignificantWorld
ShareTweetShareShare
Previous Post

Links 10/8/2022 | naked capitalism

Next Post

India Releases 50-Page CBDC Report

Related Posts

Chad Bianco can stop Gavin Newsom — by dropping out

Chad Bianco can stop Gavin Newsom — by dropping out

by Index Investing News
May 19, 2026
0

Gavin Newsom finally said the quiet part out loud. Last week, Newsom admitted he has a secret “break the glass”...

New Delhi to Oslo, building a new strategic partnership

New Delhi to Oslo, building a new strategic partnership

by Index Investing News
May 15, 2026
0

We live in an unpredictable world. But unpredictability is not the same as powerlessness. Democracies that share values and trust...

A great code bloat is arising as AI turns managers into software programmers

A great code bloat is arising as AI turns managers into software programmers

by Index Investing News
May 11, 2026
0

A great code bloat is taking birth in the minds of a million managers. As every employee becomes a casual...

Marijuana Vendors Sued For Allegedly Not Warning Consumers Of Risks – FREEDOMBUNKER

Marijuana Vendors Sued For Allegedly Not Warning Consumers Of Risks – FREEDOMBUNKER

by Index Investing News
May 7, 2026
0

Authored by Matthew Vadum via The Epoch Times,Companies that legally sell recreational marijuana to adults are being sued in Illinois...

a century of transformation in Southern Africa

a century of transformation in Southern Africa

by Index Investing News
April 27, 2026
0

Dr Pali Lehohla|Published 6 days agoIn this article that marks fifty years on from June 16, I posit through the...

Next Post
India Releases 50-Page CBDC Report

India Releases 50-Page CBDC Report

Zaporizhzhia plant down to diesel generators as shelling cuts power line By Reuters

Zaporizhzhia plant down to diesel generators as shelling cuts power line By Reuters

RECOMMENDED

Media's Double-Edged Sword: The Pitfalls of Challenging the Establishment

Media's Double-Edged Sword: The Pitfalls of Challenging the Establishment

March 18, 2024
US DOJ asks courtroom to reject TikTok problem to crackdown legislation By Reuters

US DOJ asks courtroom to reject TikTok problem to crackdown legislation By Reuters

July 27, 2024
Cardano Climbs 10% In Bullish Commerce By Investing.com

Cardano Climbs 10% In Bullish Commerce By Investing.com

November 27, 2024
This Latin American e-commerce platform is thrashing Amazon in 2024

This Latin American e-commerce platform is thrashing Amazon in 2024

September 26, 2024
Dividend Aristocrats In Focus: Leggett & Platt

Dividend Aristocrats In Focus: Leggett & Platt

September 4, 2022
JLL Names New President for Americas Capital Markets

JLL Names New President for Americas Capital Markets

November 10, 2024
Pirates out to prove win over Padres was no fluke

Pirates out to prove win over Padres was no fluke

June 28, 2023
Men’s Health Selects Cariloha for Best Bamboo Sheets

Men’s Health Selects Cariloha for Best Bamboo Sheets

July 23, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In