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China's 20th Communist Party Congress
The 20th Chinese Communist Party (CCP) National Congress begins on Sunday, October 16, 2022, at the Great Hall of the People in Beijing with 2,296 delegates set to attend. The week-long congress, which happens only twice a decade, is regarded as the most important occasion in China's political calendar. To get more news about china party congress 2022, you can visit shine news official website.
The meeting involves an evaluation of the party's progress, identifying the course of the upcoming cycle, and announcement of new promotions and significant appointments, including the party leader. Why It Matters: Xi Jinping is likely to be given a third five-year term as party leader at the conclusion of the 20th party congress, a deviation from the unofficial two-term limits that other leader had adopted.
Xi's re-election will undoubtedly strengthen his grip on power and further call for at least another five years of aggressive foreign policy and strict domestic authoritarianism he ushered in during his first two terms as the paramount leader of China. How long he will rule for, and what that means for China and the rest of the world, are yet to find out.
What To Expect: It is anticipated that this event would support Xi's unprecedented third term in office and maybe pave the way for his lifelong continuation in power like Mao.
The Big Picture: Xi Jinping has enraged Japan, India, and other neighboring countries by asserting claims to disputed islands in the South and East China Seas and territories high up in the Himalayas.
Lately, China is having fierce border skirmishes with India, be it Galwan Valley clash or 2017 Doklam standoff. The two nations' ties have been slowly deteriorating following border disputes.
China has boundary disagreements with all of its neighbours, whether they are maritime or land-based nations. Since, China has been working toward expansionist goals. Pakistan, which is essentially a vassal state, is the lone exception.
Additionally, Jinping has increased military and diplomatic pressure on Taiwan, the democratic island nation that the Communist Party claims is part of China.
Similarly, the relations with the US have deteriorated to their lowest point after the diplomatic ties which were first established in 1978. The Biden administration has kept the tariffs imposed by the previous administration of President Donald Trump in place and has prevented China from accessing key American technologies.
In China's Xinjiang province, authorities have jailed an estimated million or more members of predominantly Muslim ethnic group as part of a severe anti-extremism drive that the US has called genocide.
Moreover, a severe national security regulation that was implemented in Hong Kong as a result of widespread protests against Xi's administration destroyed the city's once-freewheeling nature.
New prospects for China’s petrochemical industry following 20th Party Congress
China aims to shift its economy from “high-speed” growth” towards “high quality” growth, president Xi Jinping said in a report at the opening session of the 20th National Congress of the Communist Party of China on 16 October. The report lays out the country’s development objectives for 2035, with the goal of “significantly increasing economic strength, scientific and technological capabilities, and composite national strength”.To get more news about china 20th party congress, you can visit shine news official website.
Strategies that will attract the attention of chemical industry players include the upgrading of China’s petrochemical industry with investments that focus on bringing cost savings and stronger profits, as well an increased move towards green developments through eco-innovation, say ICIS analysts.
In the Congress, long-term themes highlighted in the 14th Five-Year Plan were reiterated, including the topics of technology and innovation, as well as rural vitalisation and urban development.
“China sets the target to substantially grow per capita GDP to be on par with that of a mid-level developed nation”, Xi said. He emphasized that “high-quality development is the top priority for the construction of a modern socialist country”.
Some indicators were also reiterated, with the report stating: “China is to reach the level of a moderately developed country by 2035, in per capita GDP.”
The targeting of “high quality” over “high speed” economic growth will involve integrating China’s strategy to expand domestic demand with efforts to deepen supply-side structural reform, the Congress report said.
Such development expectations will help boost chemical industry development in the longer term, driving demand from industries including polyolefins and polyesters.
The polyolefins market, which is connected to various end-use sectors such as construction, packaging, automotive and household appliances, could reflect the impacts of China economic development.
According to the ICIS supply and demand database, China’s polyolefins demand will see a CAGR (compound annual growth rate) of 3.6% between 2020 and 2030 and 1.4% in 2030-2050.
As the largest downstream application for polyvinyl chloride (PVC), the construction industry will drive demand for pipes and profiles with the policy of modernisation and rural revitalisation.
As China prepares for the Communist Party’s 20th National Congress next month, several former officials have been punished for corruption. To get more news about 20th National Congress of the Chinese Communist Party, you can visit shine news official website.
Former justice and deputy security ministers are among those served delayed death sentences and their personal properties confiscated.
On Friday, the Intermediate People's Court of Changchun in northeast Jilin province sentenced to death Sun Lijun, who earlier served as China’s deputy minister of public security.
He was, however, given a two-year reprieve.
The former deputy minister was convicted of “taking more than 646 million yuan ($91 million) in bribes, manipulating the stock market, and illegally possessing firearms,” the Chinese daily Global Times reported.
Sun's political rights were revoked by the court last year, as has happened in other cases.
He was expelled from the Communist Party of China for “grave violations of party discipline and laws” and for failing to stay "true to the party’s ideals and faith.”
The CPC had accused Sun of “cultivating personal followers and interest groups to obtain personal political gains” which “seriously undermined the unity of the party and compromised political security.”
On Thursday, the same court sentenced former justice minister Fu Zhenghua, 67, to death for over $16 million in corruption, with a two-year reprieve.
He was accused of “taking advantage” of his position between 2005 and 2021, including accepting bribes totaling more than 117 million yuan (about $16.76 million) and “bending the law for personal gains.”
On Wednesday, three former Chinese police chiefs, including Gong Daoan, former police chief of Shanghai, Deng Huilin, former police chief of Chongqing, and Liu Xinyun, former police chief of coal-rich Shanxi province, were given harsh sentences for corruption.
the 20th National Party Congress of the Chinese Communist Party – will officially open. The 20th Party Congress has been the subject of speculation since the 19th iteration closed on October 24, 2017, without naming an heir apparent to CCP General Secretary (and, separately, Chinese President) Xi Jinping, as would have been expected following recent precedent.To get more news about when is china's 20th party congress, you can visit shine news official website.
Each Party Congress is closely watched for the big leadership reveal at the end, when the new members of the Politburo Standing Committee (PSC) come marching out in order of rank. But there is plenty more to watch for, including the lengthy work report evaluating the CCP’s achievements over the last five years. With recent precedents at stake, the broader implications of the 20th Party Congress will be enormous.
In this two-part series, I’ll outline 10 specific things to pay attention to as the 20th Party Congress convenes on October 16: five relating to the leadership shuffle, and five to the work report.
The obvious answer is “yes, absolutely,” but it’s worth picking apart what this means. Xi staying on the CCP’s top leadership body for a third term would break with recent precedent in a number of ways. Most obviously, it would abrogate the usual two-term, 10-year limit for top leaders, which the CCP had adopted as a way to prevent domination of its upper echelon by increasingly elderly figures. On a related note, Xi is 69 years old, and the general rule of thumb for the PSC is that anyone aged 68 or above at the time of the Party Congress is moved into retirement. (As Ling Li pointed out in her analysis of the Party Congress as an institution, though, there is a case to be made that the CCP general secretary is exempt from the age limit.)
While few would contest that Xi is likely to remain in power, there is a conceivable scenario where he maintains his stature as the CCP’s top leader without staying on the PSC: If he reinstitutes the position of “party chairman” once held by Mao Zedong, placing himself above, rather than on, the Politburo Standing Committee. Alice Miller, a top expert on Chinese politics, has suggested this possibility. “Under this system, the party chairmanship would be restored and would go to Xi Jinping, [and] the general secretary would go to a younger man…” Miller speculated. “Chairman Xi would preside over the Politburo Standing Committee, which would provide the overall vision and guidelines for policy, and he would continue as Chairman of the Central Military Commission. The General Secretary would preside over the Secretariat and manage policy adaptation and implementation.”
As Miller also noted, however, in the last two instances this particular arrangement was tried, the chairman/general secretary bifurcation fell apart when the men holding those positions “fell afoul of each other.” This may not be palatable for Xi.
2. Who Else Will Make it Onto the PSC?
This is the big question for China watchers, as these are the leaders who will rule China for the next five years. And it begs another question: How many people will even be on the PSC? The 18th and 19th Politburo Standing Committees (from 2012 to 2022) each had seven members, but the 16th and 17th (from 2002 to 2012, under Hu Jintao) had nine. The 20th could keep seven members, expand back to nine, or even pick another number entirely – there’s no hard rule about how many members the PSC must have.
The people who make it onto China’s top leadership body, however many there are, will be closely examined for their factional affiliation and relationships with Xi. If the PSC is stacked with Xi’s allies, it would be a clear demonstration of his near-absolute sway over the party. If he is forced to accept a number of PSC members from rival factions, it would signal the opposite.
To give a rough idea, current PSC members Li Keqiang and Wang Yang are seen as part of the rival Tuanpai faction, as is PSC contender Hu Chunhua. PSC members Li Zhanshu and Zhao Leji are aligned with Xi, as are a number of PSC contenders: Ding Xuexiang, Chen Min’er, Li Qiang, and Cai Qi.
3. Will Age Limits Hold, Shift, or Disappear?
One question closely linked to the previous one is what happens to the “seven up, eight down” age limit rule. It has obvious implications for who makes it onto the PSC, but the age limit should also govern who remains there. As Dan Macklin noted in his recent analysis, “Since 2002, no PSC member has been reappointed at age 68 or beyond, or retired at age 67 or younger.”
That means getting rid of Li Keqiang and Wang Yang (both 67) while keeping Xi allies Wang Huning (67) and/or Li Zhanshu (72) would effectively kill the age limit rule. And that, as Ling Li explained in her recent article, would mean that “the CCP would have to face a serious ‘constitutional crisis’ regarding power succession at the PSC in the future.” Lifetime tenure until an objective age limit is reached would no longer apply.