The Fort Worth Press - Xi cements control over China, but huge challenges await in third term

USD -
AED 3.672503
AFN 65.000175
ALL 81.391909
AMD 361.239406
ANG 1.789785
AOA 918.000173
ARS 1545.979796
AUD 1.45141
AWG 1.8
AZN 1.70424
BAM 1.754002
BBD 2.017139
BDT 124.801578
BGN 1.747831
BHD 0.378365
BIF 2996.530984
BMD 1
BND 1.283357
BOB 12.019192
BRL 5.5157
BSD 1.001533
BTN 94.051388
BWP 13.796287
BYN 2.99922
BYR 19600
BZD 2.01427
CAD 1.410275
CDF 2320.000433
CHF 0.819505
CLF 0.024815
CLP 976.640154
CNY 6.676498
CNH 6.67325
COP 3239.78
CRC 454.199123
CUC 1
CUP 24.036716
CVE 98.887942
CZK 21.789645
DJF 178.345091
DKK 6.69634
DOP 60.855691
DZD 136.387021
EGP 54.135703
ERN 15
ETB 164.375174
EUR 0.89582
FJD 2.265597
FKP 0.74879
GBP 0.747215
GEL 2.595016
GGP 0.74879
GHS 11.707995
GIP 0.74879
GMD 74.50058
GNF 8870.64244
GTQ 7.657056
GYD 210.062329
HKD 7.84025
HNL 26.917595
HRK 6.76901
HTG 131.239077
HUF 325.120288
IDR 18108.75
ILS 3.17185
IMP 0.74879
INR 93.823398
IQD 1519.035021
IRR 1891352.999659
ISK 122.540276
JEP 0.74879
JMD 158.950846
JOD 0.709023
JPY 158.230139
KES 129.959975
KGS 87.447804
KHR 4080.352101
KMF 441.999703
KPW 899.999961
KRW 1349.060049
KWD 0.31106
KYD 0.834734
KZT 448.920502
LAK 22531.676206
LBP 89685.278642
LKR 333.053958
LRD 170.342137
LSL 16.562805
LTL 2.95274
LVL 0.60489
LYD 6.409165
MAD 9.794718
MDL 17.901738
MGA 4550.9551
MKD 55.14612
MMK 2099.456394
MNT 3601.166008
MOP 8.088606
MRU 40.43421
MUR 47.030256
MVR 15.402768
MWK 1736.659525
MXN 18.59045
MYR 4.061297
MZN 63.897801
NAD 16.563177
NGN 1349.520041
NIO 36.85942
NOK 9.438297
NPR 150.409201
NZD 1.78599
OMR 0.384497
PAB 1.002108
PEN 3.451773
PGK 4.564503
PHP 63.275023
PKR 276.992712
PLN 3.93363
PYG 6260.364471
QAR 3.662795
RON 4.777195
RSD 105.371045
RUB 81.997474
RWF 1478.264377
SAR 3.760516
SBD 8.048583
SCR 14.057803
SDG 601.502622
SEK 9.86631
SGD 1.28066
SHP 0.748923
SLE 22.950028
SLL 20969.504398
SOS 572.355712
SRD 37.583499
STD 20697.981008
STN 21.961965
SVC 8.76732
SYP 13001.999685
SZL 16.557158
THB 33.467939
TJS 9.243442
TMT 3.5
TND 2.998341
TOP 2.40776
TRY 50.181885
TTD 6.791952
TWD 32.831999
TZS 2646.380087
UAH 45.371507
UGX 4098.470921
UYU 40.312094
UZS 11956.414511
VES 896.316397
VND 25514.5
VUV 119.26207
WST 2.787824
XAF 587.619311
XAG 0.018934
XAU 0.000242800362
XCD 2.70255
XCG 1.805838
XDR 0.707052
XOF 587.619311
XPF 106.954845
YER 236.625004
ZAR 16.48746
ZMK 9001.202587
ZMW 20.350666
ZWL 321.999592
SSP 5745.232324
MXV 2.089896
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Xi cements control over China, but huge challenges await in third term
Xi cements control over China, but huge challenges await in third term / Photo: © AFP

Xi cements control over China, but huge challenges await in third term

Xi Jinping has secured near total control over China's Communist Party but experts warn his unchecked power is a huge risk, with a debt-ridden economy and a US rivalry also presenting major challenges.

Text size:

His reappointment as party leader is a watershed moment in China's modern history, tilting decisively back towards one-man rule after decades of power-sharing among the elite.

Xi was again confirmed as party general secretary and military chief on Sunday at the conclusion of a twice-a-decade party congress in Beijing, sealing a third term at the helm of the world's second-largest economy.

Party faithful also approved a sweeping reshuffle that stocked the top ruling body -- the seven-member Politburo Standing Committee -- with Xi's allies.

The outcome capped 10 years in which Xi has accrued more power than any Chinese leader since Mao Zedong, and broke with the example set by his two predecessors who smoothly handed their authority to those next in line.

It has also sparked warnings that Xi's increasingly unchecked power may trigger a succession crisis when his rule finally comes to an end.

"(Xi's) reappointment today is the result of his concentration of extreme individual power," said a senior Chinese political scholar who requested anonymity to avoid potential repercussions from the authorities.

The move was "catastrophically negative for the Chinese state", harming the party's resilience and heralding "decline and stagnation", the scholar said, adding that it was "inevitable" that Xi would now seek to rule for life.

- Economic woes -

It is the economy that is likely to command Xi's immediate focus as he embarks on his history-making third term.

In recent years, he has thrown his weight behind the development of a more consumption-driven economy -- a policy known as "dual circulation" -- and has sought to address China's yawning wealth gap under the banner of "common prosperity".

However, his signature zero-Covid strategy, with its snap lockdowns, mass testing and curbs on movement, has pummelled consumer sentiment and chipped away at growth.

"Consumption is unlikely to recover to pre-Covid level with the current scale of Covid control," said Dan Wang, chief economist at Hang Seng Bank China.

She said the policy has "added to the woes" in the property sector, where a debt crisis has sparked developer defaults and sown fears of a looming financial crunch for local governments.

"The government will have to choose a new model to develop the housing sector while keeping the deleveraging requirement in place," Wang said.

China this week delayed the release of its third-quarter economic growth figures, amid expectations that the country was on course for its weakest performance since the early days of the pandemic in 2020.

The country eked out just 0.4 percent growth in the second quarter, and analysts widely expect it to miss its annual growth target of 5.5 percent by a wide margin.

- Eye on Taiwan -

More problems on Xi's horizons include China's relations with the West, which have cratered as Beijing has forcefully quelled huge pro-democracy protests in Hong Kong and taken an aggressive stance on Taiwan.

Xi himself has repeatedly said global geopolitics is "undergoing changes unseen in a century", and peppered his opening address to the Congress with references to "security".

He also reiterated that China would never renounce the option of using force to impose its rule on Taiwan, a thriving island democracy that Beijing views as part of its own territory and the US has vowed to help defend itself.

Xi's Communist Party even enshrined its opposition to Taiwanese independence in its constitution, according to a resolution published on Saturday.

Shi Yinhong, professor of international relations at Renmin University of China, said Xi "again and again integrates unification across the (Taiwan) Strait into his cause for Chinese national greatness".

The focus on national security in the military, economic and ideological realms "reflects the fact, as most observers in the world judge, that there is no indication of any major and lasting mitigation of relations with US and its maritime allies... in the predictable future," he told AFP.

While Xi's reappointment is unlikely to raise the risk of war over Taiwan, "it could be one step in a chain of events that ultimately raises the risk of armed conflict", said Shanghai-based political risk analyst Dan Macklin.

Beijing might step up plans for reunification if slower economic growth through the mid-2020s leads the party to expand upon other sources of legitimacy, he told AFP.

But Xi's advancing age combined with a top leadership stacked with personal allies could "raise the risk of miscalculation" -- and "give Xi an extreme level of control and greater capacity to take bold moves on Taiwan", Macklin said.

Jeffrey Wasserstrom, a leading scholar of modern Chinese history at the University of California, Irvine, said Xi's unassailable position at the top of the party raised concerns about the "willingness of people to talk about things that diverge from the official line".

H.M.Hernandez--TFWP