The costs of Xi’s overreach and his lack of power sharing are frustrating members of China’s elite.
Members of the new Standing Committee of the Political Bureau of the Communist Party of China. Xi Jinping, centre, and from left to right, Li Xi, Can Qi, Zhao Leji, Li Qiang, Wang Huning, and Ding Xuexiang. October 23, 2022. Credit: Kevin Frayer via Getty Images
By claiming a third term at the 20th Party Congress, Xi Jinping has become China’s most powerful leader since Mao Zedong. Now he will be leader until either he dies or is deposed in a power struggle. With old Party institutions melting away under his watch, Xi may be inaugurating a new period of political uncertainty that is superficially stable, but structurally fragile.
Xi has restored a personalistic dictatorial regime and demolished the collective leadership and intra-party rules that D
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
Navigate China's Business Landscape with Confidence.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
