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. SEC Adds Alibaba to List of Companies That Might be Delisted

Alibaba became one of the latest Chinese companies that was added to the U.S. Securities and Exchange Commission’s (SEC) list of companies that could be delisted. On the back of the news, Alibaba shares were down 11% at $89.37 at the closing, ending the month with a 21.4% drop. The company shares have already been under pressure from Ma’s plans to cede control of financial technology firm Ant, an affiliate of Alibaba.

EU’s Taxonomy: What It Is, Why It Is Important

The EU’s sustainable finance taxonomy is a complex system to classify which sectors of the economy can be marketed as sustainable investments. It includes a long list of economic activities and environmental criteria that those activities must meet to earn a green label. For most sectors, such as EVs, building renovations and steel plants, rules have already come into effect this month. 

GM Defense, Rheinmetall to Supply $14 Billion Worth Tactical Trucks to U.S. Army

German arms manufacturer Rheinmetall’s U.S. unit American Rheinmetall Vehicles and General Motors’ defense unit GM Defense have won a contract to supply up to 40,000 trucks to the U.S. Army for its tactical truck programme valued at up to $14 billion. The two defense companies have formed a strategic collaboration in 2022 to compete in the programme to deliver a modern tactical truck with capabilities including advanced driver assistance systems (ADAS) for safety, increased off-road mobility, cybersecurity, machine learning, artificial intelligence, improved survivability and fuel efficiency, among other emerging technologies.

Stay informed

error: This content is protected !!