Please Wait.....
Report
Future of China - Political and Economic Implications of Xi Jinping's Retention of Power
Industry Report I 2022-10-30 I 15 Pages I MarketLine
Future of China - Political and Economic Implications of Xi Jinping's Retention of Power
Summary
The 20th National Congress of the Chinese Communist Party (CCP) opened on the 16th of October 2022 and ran for 7 days with approximately 2,400 delegates present. Of these delegates around 200 were selected to join the CCP central committee, the central committee then elected 25 people to the Politburo and the Politburo appointed seven members of the Politburo Standing Committee (PSC), equivalent to the cabinet in the US or UK. As expected, the conference also established Xi Jinping's control the country for a third term, unprecedented since the death of Mao Zedong. In his first address, President Xi outlined his commitment to continuing the draconian zero-Covid policy, resisting the meddling of foreign powers in Chinese interests, whilst outlining other policy and party concerns.
Key Highlights
- Xi has been able to solidify power in the past decade through a comprehensive anti-corruption campaign which included members at the very top of the party. However, a contenting argument is that this has been more akin to a political purge with potential rivals targeted whilst Xi loyalists were promoted into the positions vacated. As such, the previously fractional nature of the top levels of the CCP has largely been dismantled, and therefore so have any leadership threats to Xi. As such, decision making has been centralized to represent one man's vision giving Xi considerably more power than his predecessors.
- Whilst the economy has been put under pressure from zero-Covid other factors such as an ageing population, declining productivity, youth unemployment, tighter business regulations, and a property crisis have all served to damage the Chinese economy in the past year. This is in part led by domestic policy but also international concern over the direction in which Xi is leading the country Going forward, Xi Jinping wants to establish China as a mid-level developed country within ten years, targeting annual growth of 5%. Although recent history suggests this is well within China's capability issues such as demographic shifts, increased debt, and declining productivity may make this target difficult to meet.
- It is evident that under Xi relations between the West and China have become increasingly strained due to several geopolitical conflicts. International condemnation of Chinese persecution of minority groups such as the Uighurs and Tibetans, led by Xi's attempts to homogenize Chinese society, has been viewed by Chinese officials as unwanted interference in what they perceive as domestic matters. Furthermore, recent events in Hong Kong, Taiwan, and Xi's close links with Putin have caused significant concerns from the West.
Scope
- The report discusses how China's 20th National Congress has solidified XI Jinping's power over Chinese politics.
- It also talks about some of the factors that suggest that China's runaway economic growth maybe coming to an end.
- The report finally looks at how tensions between China and the West have increased due to China's attitude to Taiwan and relationship with Russia.
Reasons to Buy
- How has winning a third term in office tightened Xi Jinping's grip on Chinese politics?
- Has China's zero-COVID strategy started to cause discontent among the Chinese population?
- What threats are there to China's target of 5% economic growth?
Table of Contents
1. OVERVIEW
1.1. Catalyst
1.2. Summary
2. 20TH NATIONAL CONGRESS CEMENTS XI JINPING'S POWER
2.1. Xi Jinping secures third term and tightens his grip on Chinese politics
2.2. Xi stacks senior positions with loyal supporters
3. XI REAFFIRMS COMMITMENT TO ZERO-COVID STRATEGY
3.1. Zero-Covid measures are causing protest and discontent amongst the Chinse population
3.2. The route out of zero-Covid is currently unclear but a solution is needed
4. CHINA'S ECONOMY IS SLOWING WITH SUGGESTIONS THE YEARS OF STRONG GROWTH MAY BE OVER
4.1. Xi's targets for 5% annual growth may be unrealistic
4.2. Property market crisis a serious threat to the national economy
4.3. Chinese businesses impacted by domestic policies and international trade restrictions
5. INCREASING TENSIONS WITH THE WEST TO CREATE UNSTABLE GEOPOLITICAL ENVIRONMENT
5.1. Xi wants reunification with Taiwan by 2049
5.2. Xi's close relationship with Putin concerns Western powers
6. APPENDIX
6.1. Abbreviations and acronyms
6.2. Sources
6.3. Further reading
7. ASK THE ANALYST
8. ABOUT MARKETLINE
List of Figures
Figure 1: Xi Jinping to lead China for five more years
Figure 2: Xi appoints close allies to top PSC positions
Figure 3: China's zero-Covid policy is the strictest globally
Figure 4: New home prices have fallen into decline in recent months
Figure 5: Tencent market cap has fallen rapidly since January 2021
Figure 6: Fist island Chain is a of key military and geopolitical importance for the US
Figure 7: Xi and Putin have a close relationship but the war in Ukraine could threaten this
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security