By June Teufel Dreyer, Foreign Policy Research Institute: “Outside China, views on the meeting varied, from Harvard professor Graham Allison’s adulatory essay entitled “Behold the New Emperor of China”—with no hint of sarcasm evident—to Oxford don Stein Ringen’s description of a ruthless dictatorship. Australian analyst Kevin Carrico, predicting a lengthy set of ritualistic speeches, said the congress would be much ado about nothing.”
China’s 19th Party Congress: Xi's Enshrinement, a Return to Mao? By June Teufel Dreyer, Foreign Policy Research Institute: “Outside China, views on the meeting varied, from Harvard professor Graham Allison’s adulatory essay entitled “Behold the New Emperor of China”—with no hint of sarcasm evident—to Oxford don Stein Ringen’s description of a ruthless dictatorship. Australian analyst Kevin Carrico, predicting a lengthy set of ritualistic speeches, said the congress would be much ado about nothing.” China’s Reaganomics moment? Just two days after the US Senate paved the way for potential tax cuts, Beijing floated its own supply-side rejoinder, William Pesek writes. Finance Minister Xiao Jie spoke of plans to reduce the burden on businesses to the tune of $150 billion through a new value-added tax scheme and lower fees. Xiao didn’t highlight Trump’s tax plans, but then he didn’t have to. Chinese officialdom has been in a whirl since January, when the billionaire-turned-politician moved into the White House. If Trump cuts corporate taxes, Beijing fears it’ll lose investment to America and suffer a potential capital flight. A rush by Chinese manufacturers to invest in the US, Beijing fears, would slam the competitiveness of mainland exports. Hence China’s apparent move to match Trump’s Reaganomics moment. READ THE STORY HERE China’s new era: The week-long 19th Congress of the Communist Party of China (CPC) concluded as anticipated, with party Secretary General Xi Jinping emerging considerably stronger, Jayadeva Ranade writes. His contribution to Chinese Communist ideology was recognized and unanimously approved for incorporation into the Party Constitution as “Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.” He is the first CPC leader to have his contribution, attached to his name, enshrined in the Party Constitution while still alive. The appointment of many Xi loyalists, who now constitute the majority of the membership of the Politburo Standing Committee, the Politburo, the CPC Central Committee, the Secretariat and the Central Military Commission, underscores the unmistakable – and anticipated – enhancement of Xi’s authority and influence. READ THE STORY HERE
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