Explained: Xi’s Power Consolidation Ahead of His Historic Third Term

Chinese President Xi is poised to secure a historic third presidential term at the Communist Party Congress that is set to start on Oct. 16, cementing the party’s influence across all aspects of China, and placing himself at the core. While the exact make-up of the next Politburo Standing Committee will give clues as to just how much Xi has neutralized what is left of opposing factions, not many expect significant change in direction or approach.

On the contrary, Xi is set to maintain or tighten his control on the party. His concentration of power has seen increasingly dogmatic policies, which have risked unintended results as opposing views and feedback are either discouraged or suppressed.

Those risks include Beijing’s COVID approach, an aggressive diplomacy or a crackdown on China’s once-vibrant “platform” economy, all of which point to an increasingly authoritarian rule.

While some think China may slightly change some policies following the Congress, they expect Beijing to maintain its broad direction in the coming years under Xi.

As there is also an absence of a clear successor, Xi’s rule will likely resume unchallenged but also potentially increases risk the longer he stays in power.

Analysts suggest that Xi’s reluctance to nurture a younger successor and moves to break norms of collective leadership have made China less resilient as it set to face an increasingly uncertain future.

Despite strong headwind, Xi’s power consolidation appears to be unimpeded by challenges that have coalesced in a chaotic year, from a stumbling economy to an increasingly out of step zero-COVID policy and support for Putin.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

U.S. Approves Sale of $180 Million Anti-Tank System to Taiwan

The U.S. State Department has approved the potential sale of Volcano anti-tank mine laying systems to Taiwan for an estimated price of $180 million, the Pentagon announced on Wednesday. Northrop Grumman and Oshkosh are the primary contractors for the potential sale. According to U.S. law, the executive branch has to notify the COngress of potential arms sales that are over a certain amount. But these notifications are usually not made unless lawmakers have given the State Department and Pentagon informal approval to move ahead.

GM to Take Unprecedented Steps to Secure Battery Metal Supply

General Motors signals it will take all the necessary steps to secure the supply of battery metals, including going all the way down to upstream mining, in order to become a major player in electric vehicles (EVs). Automakers and battery manufacturers have been racing to secure raw materials needed to produce EVs. 

Taiwan’s Largest Pension Fund to Issue Multi-Billion Dollar Green Stock Mandate

Taiwan’s largest pension fund, which has $199 billion in assets, is set to issue Asia’s first climate change focused stock mandate, which will be worth $2.3 billion. The bidding process for asset managers looking for involvement in the mandate will start in the first quarter of the year. 

Stay informed

error: This content is protected !!