The ranks of China’s ultra-wealthy in its legislature swelled 20 percent this year, highlighting the vested interests that may oppose any measures by incoming President Xi Jinping to reduce the nation’s wealth gap. Read Here – Bloomberg
Xi Jinping is already far better understood than his predecessor, Hu Jintao. By the time he ascended to the presidency on March 5, completing the trifecta of the three most important roles in China (he’s also the chairman of the Communist Party and chair of the Central Military Commission), foreign observers had long known where […]
As China prepares to finalize the leadership transition that began last November and will conclude in March, there is no shortage of proposals for world leaders to engage China’s new leader Xi Jinping as the foundation for the future of relations with China. The idea is to get in “on the ground floor” as Xi takes over from Chinese President Hu […]
In a little noticed event on New Year’s Day, China inaugurated its first non-profit organization dedicated to the promotion of soft power—China Public Diplomacy Association (CPDA). Foreign Minister Yang Jiechi attended and spoke at the unveiling ceremony for the group, which elected as its president Li Zhaoxing, the chairman of the Foreign Affairs Committee of China’s National People’s Congress. Addressing the group […]
LESS than a week after the biggest shuffle of China’s leaders in a decade, the prime-minister-in-waiting, Li Keqiang, set tongues wagging with a speech about the country’s economic development. A government news-agency gushed that if his words could be summed up in four syllables, they would be “reform, reform”; if in six, then “reform, reform, […]
The 18th National Congress of the Communist Party of China has selected the country’s next leaders. The leadership transition, however, will be formalized only with the consent of the National People’s Congress (NPC)—a puppet parliament with highly predictable voting patterns. Officially the highest state body in China, the NPC is mostly a showcase of democratic mimicry. […]
There is no fiscal cliff in China, and probably no sex scandal at a spy agency waiting to burst, yet China’s new leader, Xi Jinping, is under just as much pressure as U.S. President Barack Obama to hit the ground running. Xi is assuming control of the Communist Party at a time when there is […]
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 […]
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