China has had a memorable party congress. He will not remain without consequences. From the scenario of a global economic infarction caused by a war with Taiwan to strict state control of private companies, what can we expect from Xi Jinping’s next term.
The era of Xi Jinping is characterized by the belief that China has reached a level of development where it can also show its strengths – in stark contrast to the order of the reform patriarch Deng Xiaoping, according to which China should be as inconspicuous as possible in the development process in order to not to arouse suspicion. Xi Jinping insists on an independent policy based on Chinese rules.
The Xi era is also marked by the fight against the rampant corruption in the ruling apparatus – with political accounts being settled at the same time.
The Chinese job machine has reached its limit
Jobs are paramount to the stability of the political system in the kingdom of 1400 million people – that’s the equivalent of the EU times two plus the US. As long as these people can have the assurance that in one, two, five years they will be better off than they were yesterday and today, they will not feel the need to destroy this system. The Chinese job machine of recent decades has reached its capacity limit due to investment from abroad when Chinese companies are already outsourcing their production to cheaper Asian countries.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
