Connect with us
Wise usd campaign
ADVERTISEMENT

China

The Most Powerful Chinese Leader of the “New Era”, Xi Jinping Pursues Chinese Dream

Published

on

At the close of the 19th National Congress of the Communist Party of China during October 18-24, Xi Jinping continued the second term of his presidency flanked by another six members of the new Politburo Standing Committee. 

Highlight

  • A unanimous vote by 19th National Congress delegates firmly endorsed Xi Jinping’s second term of presidency, whilst “Xi Jinping Thought” on Socialism with Chinese Characteristics for a New Era, has been enshrined in the party’s constitution – a move which consolidates his power and elevates Xi Jinping into his new pantheon as one of the most influential Chinese leaders to date, placing him in the same league as Chairman Mao Tse-tung, founder of the Communist Party
  • China’s economic reform and liberalization of trade, investment and finance will accelerate and intensify over the next five years, directly benefitting the Thai economy and especially the export and tourism sectors.

 

Aside from Xi Jinping, General Secretary of the Communist Party of China and President of the People’s Republic of China and Li Keqiang, Premier of the State Council, there are five other members of the Politburo Standing Committee who are all new to the committee:

1) Li Zhanshu, Director of the General Office of the Communist Party of China and Director of the Office of the National Security Commission,

2) Wang Yang, Vice Premier of the State Council,

3) Wang Huning, a political theorist and Director of the Central Policy Research Office,

4) Zhao Leji, Director of the Central Organization Department and Secretary of the Central Commission for Discipline Inspection and

5) Han Zheng, Party secretary of Shanghai. However, the potential successors of Xi such as Hu Chunhua, Party Secretary of Guangdong, and Chen Min’er, Party Secretary of Chongqing, were not elected to sit on the new Politburo Standing Committee. Therefore, it is expected that Xi Jinping may be preparing for a third term of presidency.

The 14 principles of Xi Jinping thought that have now been enshrined in the party’s constitution are a guide for China to achieve a modern, prosperous, and progressive socialist state.

Covering both economics and politics, the ideologies include significant economic elements such as a call for “comprehensively deepen reform” with the adoption of “new vision for development,” and the policy direction in improving the quality of life of Chinese people and, at the same time, preserving the environment so that humans and nature can coexist in harmony.

The ideologies also place importance on the expansion of China’s influence on the world stage under the vision to build a community of shared future for mankind. While the political essences of the ideologies concentrate on centralization of power by emphasizing the power of the Communist Party in decision-making, law enforcement and governance and ensuring absolute power of the Party over the People’s Army. It also emphasizes the importance of the “One Country, Two Systems” policy, which refers to the mainland China and the special administrative regions of Hong Kong and Macao and the “One China” policy, which cements the relationship between mainland China and Taiwan.

Over the past five years, under the leadership of Xi Jinping, China has entered a “new era,” bringing many impressive achievements, in all economic, social or political aspects.

Years of rapid economic expansion has raised China’s GDP to CNY 80 trillion, contributing to 30% of global economic growth from 2013 to 2016. China’s economic structure has shifted toward an innovation-driven era resulting in the emerging digital industry and, along with it, the introduction of numerous technological products such as high-speed rail, delivery drone and electric vehicle. Moreover, China continues to lead all other nations on the foreign trade and investment front, particularly under Belt and Road Initiatives. Even China’s measures to elevate the poor has achieved a high level of success, raising over 60 million people out of poverty.

Author: Jiramon Sutheerachart

 

Source link

Continue Reading

Business

Business Update: Southern Sun Reports Earnings Growth; China Stimulates Property Market – News24

Published

on

Southern Sun reports increased earnings, attributed to growth in the hospitality sector, while China’s property market receives a boost, reflecting economic recovery and renewed investor confidence.


Southern Sun Earnings Surge

Southern Sun has reported a significant increase in its earnings, showcasing solid financial performance amid evolving market conditions. This growth highlights the company’s resilience and adaptability to changing consumer demands, positioning it well for future opportunities in the hospitality industry.

China’s Property Market Recovery

In a bid to rejuvenate its economy, China has introduced measures to boost its property market. These initiatives aim to stabilize real estate prices and encourage investment, which is crucial for maintaining economic momentum. The government’s commitment to supporting the sector reflects its understanding of the industry’s importance in overall economic health.

Broader Economic Implications

The rise in Southern Sun’s earnings and China’s proactive approach to revitalizing its property market indicate broader economic trends. Investors and stakeholders are keenly observing these developments, as they may signal recovery and growth opportunities in both the hospitality and real estate sectors. The collaboration between local businesses and governmental actions will be pivotal in shaping future economic landscapes.

Source : Business brief | Southern Sun sees earnings rise; China boosts its property market – News24

Continue Reading

China

Vietnam’s Approach to China: A Balance of Cooperation and Struggle

Published

on

Vietnam’s diplomatic strategy seeks a balance of cooperation and struggle with China, focusing on strengthening ties while resisting encroachments in the South China Sea through military enhancements and regional partnerships.


Vietnam’s Diplomatic Strategy

Vietnam’s diplomatic approach seeks to maintain a delicate balance between cooperation and struggle with China. While concerned about China’s growing influence, particularly in the South China Sea, Hanoi focuses on strengthening its economic and political ties. This effort involves military enhancements, fostering relationships with regional powers, and engaging in frequent political dialogues. By skillfully navigating relations with major powers, Vietnam aims to protect its sovereignty and foster stability amidst evolving geopolitical dynamics.

Recent Developments and Implications

Hanoi’s diplomatic maneuvering has drawn attention, particularly regarding key visits like Vietnamese Communist Party General Secretary To Lam’s August 2024 trip to China. Although there are apprehensions about a potential shift in Vietnam’s alignment due to To Lam’s background in public security and his anti-corruption initiatives, it is premature to predict any significant changes in policy. Vietnam’s leaders must continuously seek a balance between peaceful coexistence with China and safeguarding national sovereignty.

Economic Interdependence and Military Modernization

Vietnam’s strategy involves fostering economic interdependence with China while simultaneously resisting encroachments. This paradigm of “cooperation and struggle” enables Hanoi to cultivate beneficial ties in economic, political, and security domains. By leveraging its geographical advantage and connections, Vietnam enhances its economic ties while countering threats through military modernization and cooperation with regional partners. This nuanced approach allows Vietnam to welcome trade, particularly amidst shifting dynamics from the US-China trade war, ensuring continued foreign direct investment and growth in key sectors.

Source : Cooperation and struggle define Vietnam’s approach to China

Source link

Continue Reading

China

2025 Schedule of Public Holidays in China

Published

on

China’s 2025 public holiday schedule increases holidays by two days, with an 8-day Spring Festival and a 5-day Labor Day. Adjustments address public frustration, though long work periods persist. Notably, weekends are often designated as workdays to balance extended breaks.


China has released its 2025 Public Holiday schedule. Compared to 2024, the number of public holidays for all citizens has increased by two days, specifically for Lunar New Year’s Eve and May 2nd.

The announcement also clarifies the adjusted holiday arrangements, stating that the continuous work period before and after statutory holidays generally should not exceed six days, except for certain special circumstances.

According to the notice, in 2025, the Spring Festival will have an 8-day holiday, the Labor Day holiday will last 5 days, and the National Day and Mid-Autumn Festival will jointly have 8 days off.

China has long been considered one of the least generous countries in terms of public holidays. Additionally, people have expressed frustration over the complicated adjustments to holiday and working days that are meant to create longer breaks. The newly introduced changes are expected to address these concerns to some extent.

Beyond the newly introduced changes, China’s 2025 public holiday schedule still features two major week-long holidays: Spring Festival (also known as Chinese New Year) and the National Day holiday (often called ‘Golden Week’).

In 2025, the Spring Festival falls between January 28 and February 4, and the National Day holiday, together with the Mid-Autumn Festival, fall between October 1 and 8.

Foreign human resource managers should note that Saturdays and Sundays are often marked as additional official workdays in China to compensate for long holiday breaks. For example, January 26 (Sunday) and February 8 (Saturday) are designated as workdays to partially offset the eight days off for the Spring Festival.


This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in ChinaHong KongVietnamSingapore, and India . Readers may write to info@dezshira.com for more support.

Read the rest of the original article.

Continue Reading