HomeEconomyXi Jinping wins third term as China's president amid many challenges Economy Xi Jinping wins third term as China's president amid many challenges By hossam a March 11, 2023 0 91 views Share FacebookTwitterPinterestWhatsApp KEX -2.% Add to/Remove from Watchlist Add to watch list Add Job Location successfully added to: Please name your holdings folder type: purchaseSell date: quantity: price Point of view value: Leverage: 1:1 1: 1: 1: Author: Yao Luntian BEIJING (Reuters) – China’s Xi Jinping tightened his grip on the world’s second-largest economy at a parliamentary session on Friday as it emerged from an unprecedented third term as president. COVID recession and increased diplomatic challenges. nearly 3, China rubber stamps parliament, members of the National People’s Congress (NPC) at the Great Hall of the People Vote unanimously for 11 – Xi in an election with no other candidate. Since taking power a decade ago, Xi Jinping has steered China down a more authoritarian path and extended his Another five-year term amid growing hostility over Taiwan, Beijing’s backing of Russia, trade and human rights. Domestically, China faces challenges with Xi Jinping’s three-year zero COVID policy recovery, fragile consumer and business confidence, China exports Demand is weak. The economy grew just 3% last year, one of the worst performances in decades. During the parliamentary session, the government set a modest growth target of around 5% for this year. “In his third term, Xi will need to focus on economic revival,” said a senior executive at the Jamestown Foundation, an American think tank. Researcher Willy Lam said. “But if he continues what he has been doing – strengthening party and state control over the private sector and confrontation with the West, he will The prospect of success will cease to exist” is discouraged. “ Russian President Vladimir Putin was one of the first foreign leaders to congratulate Xi Jinping for his third term. Last February, That is, a few days before Russia launched the invasion of Ukraine, the two countries signed a Sino-Russian “unrestricted” partnership. WHEN HIS ABOVE PRESIDENTIAL TERM LIMIT , becoming the most powerful leader in China since Mao Zedong founded the People’s Republic of China. The presidency is mostly ceremonial, and Xi Jinping’s main power position was extended last October when he was reappointed as General Secretary of the CCP Central Committee for another five years. In Washington, as U.S. President Joe Biden remains focused on managing strategic competition with China, White House spokesman John Kirby (NYSE: 100KEX) said. “Mr Xi’s third term is no surprise to anyone here.It’s all highly anticipated,” Kirby said. During Friday’s vote, Xi spoke with Prime Minister-designate Li Qiang, who will be confirmed on Saturday as China’s second-highest job, a role that puts the former Shanghai party chief in charge of the economy Chief and Xi allies. Other Xi-approved officials will be elected or appointed to government positions by the end of this week, including vice premiers, central bank governors and Many other ministers and department heads. annual parliamentary session ends on Monday for the first time since China lifted three years of COVID restrictions Meeting, when will Xi Jinping deliver a speech? ) During the meeting on Friday, Xi Jinping and others on stage Dozens of top leaders did not wear masks, but so did everyone else in everyone’s auditorium. A nationwide campaign against stifling everyday life and China ended its zero-COVID policy in December after highly unusual protests over economic containment measures. A late virus appeared in China 34, then spread rapidly, infecting its population of 1.4 billion Most of the deaths, but authorities have yet to release a full tally of the deaths. Parliament also elected Zhao Leji on Friday, , as members of Congress air and Han Zheng, , as the Vice President. Both are from the party group of the Politburo Standing Committee before Xi Jinping. Share FacebookTwitterPinterestWhatsApp Previous articleMillie Bobby Brown says she's 'absolutely ready to wrap up' 'Stranger Things'Next articleLive-action After School Insomnia movie premieres June 23 reveals more cast hossam a RELATED ARTICLES Economy ECB's Visco says lower energy prices should help curb inflation June 4, 2023 Economy Biden signs debt limit bill, averts U.S. default June 3, 2023 Economy Türkiye's Erdogan sworn in as new president June 3, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. 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