Business

Zero Hedge: Meet The New China – Same As The Old China?

Business
@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

Just before the US election, we laid out the details and implications of the ‘other’ major ‘election’ occurring in the world – that of China’s Supreme Leader of Awesomeness. Last night the details were announced of the makeup of the new Politburo Standing Committee. As Bloomberg notes, the panel – the most powerful decision-making body in China – was reduced from nine to seven members and will be led (unsurprisingly) by Xi Jinping. Perhaps, in a lesson for our own politicians, the ‘new’ committee is ‘bipartisan’ with five members from Xi Jinping’s own Jiang Zemin faction and two members from Hu Jintao’s faction (more a balance of reformers and reactionaries). But, in a similar vein to the US, as The Diplomat’s David Cohen notes,”If Xi is to achieve even the economic policy goals that already appear to enjoy consensus support in Beijing, he will need to find ways of overcoming some of the largest entrenched interest groups in contemporary China.  To do so, he may have to set about creating new entrenched interest groups.”

Adjusted from Goldman Sachs: The New Politburo…

Via The Diplomat’s David Cohen: Xi Jinping’s Economic Challenge,

For months, China watchers have been vying to predict whether reformers or reactionaries would prevail at this week’s Party Congress – and now that it’s here, analysts have had to begin debating what has actually happened.  Despite the importance of factional politics within the Party, what will determine whether major economic reforms are able to take place in the next year is not a contest of ideologies, but a test of political acumen – specifically, the power of China’s top leaders to control the three vast machines of China’s party, government, and state-owned enterprises (SOEs).  If Xi is to achieve even the economic policy goals that already appear to enjoy consensus support in Beijing, he will need to find ways of overcoming some of the largest entrenched interest groups in contemporary China.  To do so, he may have to set about creating new entrenched interest groups.

More

—–

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

More in Business

IBM_CeBIT_2010 via Patrick H Flickr Wiki-s

Layoffs- Is IBM Prepping The Big One?

Streetwise_ITJan 27, 2015
IMG_1910.0.0

Big Government Liberal Policies Kill Another Restaurant in San Francisco

Steve FoleyJan 27, 2015
528

Steve Jobs’ Most Important Products

Candice LanierJan 26, 2015
Screen Shot 2015-01-22 at 8.23.27 AM

Bill Gates Video: Digital Currency Is Going To Change Money

Steve FoleyJan 22, 2015
henry viii pd via wiki 427px-Hans_Holbein,_the_Younger,_Around_1497-1543_-_Portrait_of_Henry_VIII_of_England_-_Google_Art_Project-s

Taxes- Obama Eyes The Monasteries

Streetwise_ITJan 22, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

November 2012
M T W T F S S
« Oct   Dec »
 1234
567891011
12131415161718
19202122232425
2627282930  

Archives

Copyright © 2014 The Minority Report Network