Two historically momentous events will unfold in the next few days. The Americans will decide who will run their country for the next four years, and the Chinese Communist Party will bring in a new leadership that would be responsible for shaping the world’s second-largest economy for the next decade. While there is little similarity […]
China’s currency hit a 19-year high against the U.S. dollar on Friday. Not coincidentally, on the same day the yuan rose to 6.238 against the greenback, disgraced former Politburo member Bo Xilai suffered his latest indignity, with the official Xinhua News Agency announcing his removal from the National People’s Congress, China’s rubber-stamp legislature. “According to the law on […]
China shuffled three senior military officials amid political horse-trading at the highest echelons of the Communist Party before a once-a-decade leadership transition next month. General Ma Xiaotian, the army’s deputy chief of staff, was named to lead China’s air force, while Zhu Fuxi, former director of the air force’s political department, replaces Tian Xiusi as political […]
If every modern president needs a creation myth, then Xi Jinping‘s begins on the dusty loess plateau of northwest China. It was here that Xi spent seven formative years, working among the peasants and living in a lice-infested cave dug into the silty clay that extends around the Yellow River. Gradually, the selfless peasants and the unforgiving […]
As China’s ruling Communist Party prepares for a once-in-a-decade leadership transition next month, it is planning a daunting step – breaking up the monopolies enjoyed by its gargantuan state-owned enterprises. The monopolists have other ideas. One of the most powerful of all Chinese state-owned giants is the power-grid operator, State Grid Corp, led by the politically […]
It’s a rare afternoon in the Chinese capital when smog hasn’t blocked the skies, and one of China‘s most famous economists is in a sanguine mood. The economy is in trouble as the Communist Party heads for a once-in-a-decade transfer of power while prosecuting its former golden boy, Bo Xilai, on criminal charges. Worried investors […]
Is civil society taking roots in China? Read Here – China Media Project
Sometime in the next few weeks, the Chinese Communist Party will likely convene its Party Congress, which meets every five years to set major policies and choose its Central Committee of about 370 members. This year a major leadership change will take place. China watchers are scrutinizing the personality and goals of Vice President Xi Jinping, […]
China’s new leaders are poised to inherit the weakest economic growth since Deng Xiaopingthree decades ago and may need to borrow from his market-opening tool kit to avert a steeper decline. As the Communist Party prepares to anoint Vice President Xi Jinping, 59, and Vice Premier Li Keqiang, 57, next month as its so-called fifth generation in charge, data […]
Questions do linger, and not only about Mr Xi’s health. That in itself is of course a matter of great import. He is currently China’s vice president, looks a bullish 59 years old, and has been groomed as the man who in coming months will replace Hu Jintao, the outgoing president and Communist Party chief, […]
looking beyond borders 