Meeting Gives China’s Xi a Chance to Tighten Hold on Economy
The congress will name a new Standing Committee, China’s inner circle of power, and other party leaders. But the leadership lineup will highlight who is likely to succeed Premier Li Keqiang, the top economic official, and take other government posts.
Xi is expected to try to break with tradition and award himself a third five-year term as party leader. He said Hu has less economic experience than Li, the premier, “but at least he comes from a different faction” than Xi, which would add to diversity of views.
The congress will name a new Standing Committee, China’s inner circle of power, and other party leader s . Economic regulators will be appointed by the ceremonial legislature, which meets in March. But the leadership lineup will highlight who is likely to succeed Premier Li Keqiang , the top economic official, and take other government posts .Xi is expected to try to break with tradition and award himself a third five-year term as party leader . A report he is due to deliver at the congress will set economic, trade and technology goals for at least the next five years.Investors will look for signs of “a more private sector-led economy. But with President Xi in place, there won’t be much change,” said Lloyd Chan of Oxford Economics . “Any reforms will be carried out in a way that it will be state-led.”That showed Hu is “very eager to get that position,” said Lam. He said Hu has less economic experience than Li, the premier, “but at least he comes from a different faction” than Xi, which would add to diversity of views .
