Published: 27 October 2017.
Author: Michael Roberts.
Intro by: TSN Editor.
The 19th National Congress of the Communist Party of China has just finished. These Congresses are only held every five years and must approve the next Five Year Plan and the leadership of the Party for the coming period. At this Congress President Xi Jinping consolidated his power and won support for his policy platform for China which confirms its pro state ownership model. This will have profound consequences for the global economy and political developments.
Below we publish an important assessment of the significance of the Communist Party Congress and China’s economic and political direction, from renowned marxist economist, Michael Roberts.
Xi takes full control of China’s future
Xi Jinping has been consecrated as China’s most powerful leader since Mao Zedong after a new body of political thought carrying his name was added to the Communist party’s constitution. The symbolic move came on the final day of a week-long political summit in Beijing – the 19th party congress – at which Xi has pledged to lead the world’s second largest economy into a “new era” of international power and influence.