What a More Powerful Xi Means for the World
With his rivals sidelined and the top leadership ranks packed with allies, there are concerns there may be no counterweight to how the president executes his agenda.
It’s all about Xi.
BloombergThere’s no shortage of challenges facing President Xi Jinping as he starts his third term as China’s leader. Markets tumbled as reality dawned that his severe Covid Zero policies that have hit economic growth, along with business and consumer confidence, are here to stay. So, too, is his renewed focus on “reunification” with Taiwan and his pledge to never renounce using force to take control of the island, guaranteeing it will remain a major flashpoint between Washington and Beijing. Whatever happens, the leadership shakeup at the Communist Party Congress last weekend highlighted one powerful point: It’s all about Xi.
Here’s what Bloomberg Opinion columnists and contributors have been saying about Beijing’s new political elite, and what’s at stake for the already fraught US-China ties: