Latest news with #PolitburoStandingCommittee
India.com
03-07-2025
- Politics
- India.com
Is China president Xi Jinping ill? Meet 5 men who could replace Xi in China's Communist Party
(File) Amid rumors surrounding the health of Chinese President Xi Jinping, sparked by his unexplained absence from public view in recent times, speculations are rife that a major change may be coming soon within the political leadership of China. While Xi Jinping is believed to be firmly in charge of affairs at this point, there are other high-ranking leaders within the Communist Party of China (CCP), that potentially replace him. Let us take five most powerful CCP leaders who could replace Xi Jinping. Who could succeed Xi Jinping? Li Qiang The current Premier of China, Li Qiang is a long-time ally of Xi Jinping. Qiang had stood in for the Chinese President at several high-profile global events, including the G20 summit held in India. The Chinese Premier, who ascended to the top post in 2023, is the second-most powerful figure in the government, and heads the State Council which oversees China's economy. Li Qiang is also expected to participate in the upcoming BRICS summit in the absence of Xi Jinping. Ding Xuexiang The First Vice Premier and Politburo Standing Committee Member, Ding Xuexiang is one of the closest aides of Xi Jinping, having previously served as his chief of staff. Ding's rapid rise through the ranks without holding provincial leadership roles, is seen as a sign of trust he holds with Xi. Wang Huning The current Chairman of the Chinese People's Political Consultative Conference, Wang Huning is known as the chief theorist of the CCP. Wang has served under three presidents, and his influence over ideology is believed to have shaped the thoughts of Xi Jinping, making him a front runner in the race. However, Huning is seen as more of a Kingmaker, rather than a contender for the throne, as he lacks administrative experience. Zhao Leji Zhao Leji, a senior member of the Politburo Standing Committee, is known for his work in the anti-corruption movement. Currently, Zhao is the Chairman of the National People's Congress, and his role in the country's national legislature gives him visibility and authority, particularly over constitutional and legal matters. Li Hongzhong Li Hongzhong is a senior member of the CCP who rose through the party's regional ranks to become a key figure on the national scene. Hongzhong lacks global visibility, which many experts believe to be a good thing as most of China's rivals, or allies for that matter, would not know what to expect if he succeeds Xi Jinping. What happened to Xi Jinping? Rumors have begun circulating that Chinese President Xi Jinping might not be in good health after he suddenly vanished from the public eye in recent months. China's state-run media has not offered any explanation for his absence, and it is believed that Jinping, for the first time since assuming office, is likely to miss the upcoming BRICS Summit in Brazil, adding more credence to the rumors.
Yahoo
04-04-2025
- Business
- Yahoo
China and US are at each other's throats on tariffs, and neither is backing down
American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of here altogether. This is especially bad for US agricultural producers. They already had 10 or 15% tariffs on their produce entering China, in response to the last round of Trump tariffs. Now, if you add 34% on top of that, it is probably pricing most of them out. Beijing doesn't seem too worried about looking elsewhere for more chicken, pork and sorghum and – at the same time – it knows it is whacking the US president right in his heartland. Globally, all of this has analysts worried. The problem is that supply chains have become so international, components in any given product could be sourced from all corners of the planet. So, when the ripples of economic distress start spreading from country to country, it could have potentially catastrophic consequences for all trade. Live updates: Markets and reaction to Trump tariffs Full list: See all Trump tariffs by country Watch: Why Trump's tariffs aren't really reciprocal Most concerning is that the world's two greatest economies are now at each other's throats with no indication that either is preparing to backdown. Just take the timing of Beijing's announcement. The Chinese government revealed its promised "resolute countermeasures" to Trump's latest tariffs in a written statement from the finance ministry at 18:00 local time (10:00 GMT), on a Friday night, which is also a public holiday. The timing could mean several things. 1. It wanted to somewhat bury the news at home, so as to not spook people too much. 2. It simply made the announcement as soon as its own calibrations had been finalised. 3. Beijing had given up on the hope of using the small window it had before Trump's 54% tariffs on Chinese goods took effect next week to do a deal. So, the government just decided to let it rip. If it is the last of these reasons, that is pretty bleak news for the global economy because it could mean that a settlement between the world's superpowers could be harder to reach than many had expected. Another indicator of President Xi's attitude towards President Trump's tariffs can be seen by what he was doing when they were announced. Elsewhere, governments may have been glued to the television, hoping to avoid the worst from Washington. Not here. Xi and the six other members of the Politburo Standing Committee were out planting trees to draw attention to the need to counter deforestation. It presented a kind of calmness in the face of Trump, giving off a vibe along the lines of: do your best Washington, this is China and we're not interested in your nonsense. There is still room for the US and China to cut some sort of deal, but the rhetoric does not seem to be heading that way. Another possible path is for China to increase its trade with other countries – including western nations once seen as close allies of the US – and for these new routes to essentially cut America out of the loop. Again, this would hurt not only US companies but also US consumers who will already be paying higher prices thanks to Trump's tariffs. What are tariffs and why is Trump using them? Are Trump's Asia tariffs a 'full-frontal assault' on China?
BBC News
04-04-2025
- Business
- BBC News
China and US are at each other's throats on tariffs, and neither is backing down
American companies looking to sell into the huge Chinese market have just taken a big hit. A 34% price increase on all US goods entering the country will knock some out of here is especially bad for US agricultural producers. They already had 10 or 15% tariffs on their produce entering China, in response to the last round of Trump tariffs. Now, if you add 34% on top of that, it is probably pricing most of them doesn't seem too worried about looking elsewhere for more chicken, pork and sorghum and – at the same time – it knows it is whacking the US president right in his all of this has analysts problem is that supply chains have become so international, components in any given product could be sourced from all corners of the when the ripples of economic distress start spreading from country to country, it could have potentially catastrophic consequences for all trade. Live updates: Markets and reaction to Trump tariffsFull list: See all Trump tariffs by countryWatch: Why Trump's tariffs aren't really reciprocal Most concerning is that the world's two greatest economies are now at each other's throats with no indication that either is preparing to take the timing of Beijing's Chinese government revealed its promised "resolute countermeasures" to Trump's latest tariffs in a written statement from the finance ministry at 18:00 local time (10:00 GMT), on a Friday night, which is also a public timing could mean several things.1. It wanted to somewhat bury the news at home, so as to not spook people too much.2. It simply made the announcement as soon as its own calibrations had been finalised.3. Beijing had given up on the hope of using the small window it had before Trump's 54% tariffs on Chinese goods took effect next week to do a deal. So, the government just decided to let it it is the last of these reasons, that is pretty bleak news for the global economy because it could mean that a settlement between the world's superpowers could be harder to reach than many had expected. Another indicator of President Xi's attitude towards President Trump's tariffs can be seen by what he was doing when they were governments may have been glued to the television, hoping to avoid the worst from and the six other members of the Politburo Standing Committee were out planting trees to draw attention to the need to counter presented a kind of calmness in the face of Trump, giving off a vibe along the lines of: do you're best Washington, this is China and we're not interested in your nonsense. There is still room for the US and China to cut some sort of deal, but the rhetoric does not seem to be heading that possible path is for China to increase its trade with other countries – including western nations once seen as close allies of the US – and for these new routes to essentially cut America out of the this would hurt not only US companies but also US consumers who will already be paying higher prices thanks to Trump's tariffs.
South China Morning Post
27-03-2025
- Business
- South China Morning Post
As Beijing hails untapped Asian partnerships at Boao Forum, Hong Kong vows to do more
In the face of trade protectionism and rising global uncertainties, China and the entirety of Asia can find ways to work together, one of China's high-ranking vice-premiers said, while reiterating support for foreign investors 'regardless of external changes'. Advertisement Speaking on Thursday at the Boao Forum for Asia, Ding Xuexiang, the sixth-ranked member of China's Politburo Standing Committee, reaffirmed Beijing's commitment to propping up the economy with more proactive macro policies and the fostering of emerging industries. 'An important lesson behind Asia's dynamism and growth potential is its openness,' Ding said. 'We should … firmly oppose trade and investment protectionism and make full use of cooperation mechanisms in regions such as East Asia and the Asia-Pacific.' And in line with Beijing's broadly stepped up efforts to help private firms, including by collecting back-owned payments , Ding again stressed the importance of further supporting private firms. Ding also reaffirmed that China was 'confident' in reaching its annual growth target of 'around 5 per cent', adding it would 'undoubtedly make new contributions to the progress of Asia and the world'. Advertisement Citing Ding's speech, Hong Kong Chief Executive John Lee Ka-chiu said that 'the more complex and uncertain the external environment, the more steadfast Hong Kong must be in moving forward'.
South China Morning Post
27-03-2025
- Business
- South China Morning Post
China hails untapped Asian partnerships amid protectionism, ‘external changes'
In the face of trade protectionism and rising global uncertainties, China and the entirety of Asia can find ways to work together, one of China's high-ranking vice-premiers said, while reiterating support for foreign investors 'regardless of external changes'. Advertisement Speaking on Thursday at the Boao Forum for Asia, Ding Xuexiang, the sixth-ranked member of China's Politburo Standing Committee, reaffirmed Beijing's commitment to propping up the economy with more proactive macro policies and the fostering of emerging industries. 'An important lesson behind Asia's dynamism and growth potential is its openness,' Ding said. 'We should … firmly oppose trade and investment protectionism and make full use of cooperation mechanisms in regions such as East Asia and the Asia-Pacific.' And in line with fresh legislation aimed at helping private firms collect back-owned payments, Ding again stressed the importance of further supporting private firms. Ding's speech came after Premier Li Qiang similarly said on Sunday that China was prepared for bigger-than-anticipated external shocks and would open up more sectors of the nation's economy to international investors, during his opening address to the China Development Forum. Advertisement At the forum, attended by more than 80 top executives of leading foreign multinationals, Li also reiterated a vow that China would roll out new policies to ensure the smooth operation of its economy.
