Tuesday, September 26, 2017

Backgrounder: 19th China Party Congress

Backgrounder on the Upcoming 19th China Party Congress




(for immediate release)


In advance of the upcoming 19th National Congress of the Communist Party of China, a twice-a-decade event, scheduled to open on October 18 and last one week, I am keen to observe how and if it might bestow on the current Chinese leader, Xi Jinping, an increase in power and status akin to that once held by the former chairman and founder of the People’s Republic of China, Mao Tse-tung.



Pyramid of Power


In the one-party system, the party congress serves as the determinative decision-making gathering and takes place only once every five years. The NPC (National People’s Congress) subsequently will add its affirmation to all decisions made at the party congress.






The country’s power structure has already elevated the current President’s stature above that of his predecessor, Hu Jintao. This year’s congress happens at a unique point in history, as the United States in 2017 has actively been withdrawing from globalization, whereas an enhanced empowered leader in China is intent on assuming the global leadership role being vacated and the international trade advantages that come along with it.

In fact, China has already been working to create a Belt and Road Initiative (BRI), an ambitious modern-day global economic initiative taking some inspiration from the old “silk road”, a development strategy focused on connectivity and cooperation between Eurasian countries.



The upcoming congress will determine economic policies touching everything from China’s banking system and financial regulations to its tactics in dealing with multilateral trade issues to how assertive the nation wishes to be globally, including establishing a new international development institution modeled after the World Bank.

Therefore, although the upcoming congress is mostly characterized as China's central power struggle, it will have a significant impact on world trade, especially the Sino-America trade relations.

China Faces Challenges

In addition to the worrisome ever-growing debt that threatens to further slowdown the growth, China is also inflicted by widespread corruption in the system. President Xi himself clearly understands such threats, and has in the past few years enacted unprecedented anticorruption efforts.

At the September 15 Future of Asia Conference in Santa Monica, California, attended by Toolots,Inc., the company where I recently started working, journalist and author John Pomfret cited a “significant amount of fraud in the Chinese system,” something the current anti-corruption effort is trying to address.


As a result, how will the upcoming congress handle anticorruption is another keenly observed topic. Will President Xi switch gears on the anticorruption campaign by claiming it has achieved its primary goals and focus on the economy and growth once again, or will he continue with the current intensity of the campaign?

Regardless of its outcome, the upcoming 19th National Congress of the Communist Party of China is a key world event that needs to be closely watched by companies that have both large and small stakes in the US-China relations.

19 comments:

  1. A powerful share, I just given this onto a colleague who was doing slightly analysis on this. And he in reality bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to discuss this, I really feel strongly about it and love studying extra on this topic. If possible, as you turn into experience, would you mind updating your weblog with more particulars? It is extremely useful for me. Massive thumb up for this blog post! https://royalcbd.com/product/cbd-salve/

    ReplyDelete
  2. Ensuring the UI design product addressed user problems and catered. The client appreciated experience design firms meetings and therefore the use of current project management and review tools.

    ReplyDelete
  3. The flexible project management style allowed them to affect changing timelines. UI design
    branding agency was accessible via email and tailored their work to suit the project's requirements.

    ReplyDelete
  4. Your website is terribly informative and your articles are wonderful.
    designers world

    ReplyDelete
  5. I will prefer this blog because it has much more informative stuff.
    top agency websites

    ReplyDelete
  6. Good blog along with the excellent quality stuff and I’m sure this will be greatly helpful.
    top web designer

    ReplyDelete
  7. Nice written!! I have been a big fan of your blogs. thanks
    UX consultant

    ReplyDelete
  8. UI design collaborated, web agency offering informed recommendations to improve the platform and ensure a productive engagement.

    ReplyDelete
  9. The level of expertise and consultation that they brought to the development process was incredible.
    UX consultancy

    ReplyDelete
  10. The team fosters open and fluid lines of communication and provides near-constant progress updates.
    brand service SF

    ReplyDelete
  11. The team’s project management is exceptional, with minimal turnover or issues that affect clients.
    user experience companies

    ReplyDelete
  12. They collaborated synergistically with the internal IT and marketing teams using an organized workflow.
    interaction design firm

    ReplyDelete
  13. It created a contemporary, user-friendly design companyes site, by constructing a mobile-friendly site, they opened the doors to more customers and more business.
    design companies

    ReplyDelete
  14. Nobody can reject the info you have given in the blogs, this is actually a great work.
    UI experts

    ReplyDelete
  15. I'd like to take the power of thanking you for that specialized guidance I've constantly enjoyed viewing your blog.
    San Francisco design firm

    ReplyDelete
  16. The problem is that you provide may be worth our time and also effort.
    San Francisco graphic design firm

    ReplyDelete
  17. It’s my first time to visit this site & I’m really surprised to see such impressive stuff out there.
    best design agencies in the world

    ReplyDelete
  18. I read your blogs regularly. Your humoristic way is amusing, continue the good work!
    website design firm

    ReplyDelete
  19. Such a nice read. I enjoy reading this one! house painter

    ReplyDelete

The Challenge of Working With Overseas Developers Recently some content changes were needed on a client's website. So after crafti...