The “people risk” behind Xi Jinping's eternal presidency
Xi Jinping is set to keep tightening his grip on power and get rid of political enemies. Foreign investors should be wary of the new political risks this will create in the country.
Without much fanfare, President Xi Jinping closed China’s rubber-stamp parliament on Tuesday (March 20), starting his indefinite term as China’s paramount leader in a “new era”.
News publications, Chinese Communist Party officials and analysts have talked at length about Xi’s power consolidation. Xi, who is 64 years old, could end up ruling for another 15 years or more. Many foreign investors seem to think this is good news; unchanged leadership should mean top-level policies like…
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