Xi Will Not Leave – China’s Next Dictator Since Mao 🗳

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Xi Will Not Leave – China’s Next Dictator Since Mao

Following Liz Truss’s resignation as the U.K.’s Prime Minister and the expected midterm elections for the United States, political news has just been announced in China that bears significance on the rest of the world. Current Chinese leader Xi Jinping has just confirmed his spot for a third five-year term, breaking the two-term cycle set by his predecessor. Xi’s reappointment has just shown the Chinese Communist Party’s return to Mao-style dictatorship, something Xi hoped to break at the time taking power in 2012.

Alongside Xi’s third-term confirmation comes a new line-up of the Politburo Standing Committee, which is China’s most powerful governing body. The PSC includes Xi, along with six other members, all of which are Xi loyalists, and the first time in 25 years that a female hasn’t been a part of the committee. The absolute power appointed to Xi’s party will ensure one voice has dominance over every major governmental aspect of China, which holds the world’s second-largest economy and 5th biggest military. After a decade of reversing collective leadership, ensuring more state control over the economy, and scrapping constitutional term limits, Xi Jinping will be China’s third longest-serving figure occupying the party’s top political office, just behind Mao Zedong and Jiang Zemin.

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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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