Breaking News
Investing Pro 0
Last Call for Cyber Monday! Save Now on Claim 60% OFF

China's President Xi, poised for third term, urges 'intensive' state and party revamp

Published Feb 28, 2023 04:59AM ET Updated Feb 28, 2023 09:05AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Cars move on a street at the Beijing's Central Business District (CBD), during the morning rush hour following the Chinese Lunar New Year holiday, in Beijing, China, January 30, 2023. REUTERS/Tingshu Wang

By Ryan Woo

BEIJING (Reuters) -Chinese President Xi Jinping envisages "intensive" and "wide-ranging" re-organisation of state and Communist Party entities, with part of the plan to be presented to the annual meeting of parliament, state media said on Tuesday.

The renewed call for ambitious institutional reforms follows Xi's clinching of a precedent-breaking third leadership term during a major party congress in October last year, where he sealed his place as China's most powerful ruler since Mao Zedong.

The meeting of the largely rubber-stamp parliament opens at the Great Hall of the People in the heart of Beijing on Sunday, where Xi is widely expected to secure his third five-year term as president.

The call for institutional reforms also comes after China's economy grew 3% last year - one of its feeblest rates in nearly half a century - weakened by strict COVID curbs championed by Xi which were lifted in December.

During a major three-day meeting of the party's Central Committee that ended on Tuesday, Xi said part of the reform plan pertaining to state institutions would be presented before parliament, the official Xinhua news agency said.

At the October congress, the party made clear that reforms of institutions were needed, including reforms to the financial system, Xi said.

The overall reform plan will be "targeted, intensive and wide-ranging, touching on deep-rooted interests", Xi was quoted as saying in a speech before the Central Committee.

He did not say when the reform plans for party entities would be presented for deliberation. And Xinhua did not give details of the changes.

'REJUVENATION'

China's "rejuvenation" must be guided by Xi and the Central Committee as national governance is "modernised", the Central Committee said in a communique but it offered no details.

"It is necessary to fully, accurately and comprehensively implement a new development concept," the committee, the largest of the party's top decision-making bodies, said.

The Central Committee also approved a proposed list of leadership candidates to be recommended at parliament.

Lawmakers are expected to endorse the next line-up of top government posts in the Cabinet to be headed by a new premier for the next five years.

The new Cabinet will be immediately put to the test as the economy, while showing signs of recovery, remains on a shaky footing amid feeble consumer demand and a moribund property sector.

China's development still faces triple pressures including a demand contraction, supply shocks and weakened expectations, the Central Committee said in its communique.

Last year, China's urban employment fell for the first time in six decades last year while per capita spending saw a rare decline.

Xinhua on Sunday praised Xi's attention to the masses and their livelihoods.

"The leader of the people does not fail the people, and hundreds of millions of people love their leader!" the news agency declared in an article.

China's President Xi, poised for third term, urges 'intensive' state and party revamp
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email