Thursday, 1 March 2018

China set to make Xi era permanent with sweeping legal overhaul

Xi Jinping

In his first five years, President Xi Jinping has seized control of economic policy, reasserted the Communist Party’s authority and sidelined potential rivals in an unprecedented anti-corruption campaign.
Now, he’s set to make the Xi era permanent.
In a two-week session starting Monday, China’s rubber-stamp parliament is expected to enact sweeping legislative changes that would allow Xi to rule indefinitely and give him greater control over the levers of money and power. The agenda includes repealing presidential term limits, creating a powerful new agency to police officials and possibly approving the biggest regulatory overhaul of the $43 trillion finance-and-insurance sector in 15 years.
Xi is also reportedly planning to use the annual meeting of the 3,000-member National People’s Congress to install allies in key government posts, including the vice presidency, the central bank governorship and dozens of minister-level positions. It’s unclear when exactly specific decisions will be announced.

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