President of China Xi JinpingIt came out strong Communist Party Congress On Sunday, he became the country’s leader for the third consecutive term. These are the main issues that await you in the next five years.
Decades later strong growth, China faces recessionUnderscored by President Xi’s inflexible “Zero Covid” policy, it imposes a series of lockdowns and fines for the measures.
These difficulties are added to those already affecting its economy: Weak consumption, the real estate crisis or restrictions on the lucrative sectors of technology and schooling.
“Xi Jinping did not create these economic problems,” said Marie-Francois Renard, a professor at France’s University of Clermont-Auvergne and an expert on the Chinese economy.
“However, their course of action has made them worse because it creates uncertainty.”
Xi Jinping’s decision to surround himself exclusively with loyalists for a third term raises fears that he is championing ideology at the cost of development.
Hong Kong Stock Exchange It closed on Monday with a loss of more than 6%.
“Reunification of the country must and will be done”Xi Jinping stressed at the Party Congress.
Analysts believe Xi Jinping’s boost at the end of China’s biggest political event will encourage him to address the Taiwan issue.
Although Taiwan has had its own government and military for seven decades, Beijing considers the island of 23 million people an integral part of its territory.
Any Chinese invasion of Taiwan would disrupt global supply chains: The island is a major global producer of semiconductors, essential compounds for many electronic devices.
A military intervention would provoke Western outrage, isolate China and bring Beijing and Washington closer than ever to direct armed conflict.
Tensions over the island have worsened between China and the US since US No. 3 Nancy Pelosi visited in August.
Beijing saw it as an attack on its sovereignty and organized its largest military exercises in response.
According to official statistics, this health strategy allowed the number of infected people in China to remain below 5,000.
But it has been criticized by the business sector because of the barriers that affect the economy.
Nearly three years after the first cases of Covid-19 emerged in Wuhan (center), a growing segment of the population is often cautiously exercised by these health measures.
“We put people and their lives above all else”, Xi Jinping insisted during the congress, leaving little hope for medium-term change.
“No significant easing is expected before 2024,” Julian Evans-Pritchard, analyst at Capital Economics, said on Monday.
Ten years after Xi Jinping came to power, Civil society has almost completely disappeared, opposition has been stifled and dozens of activists are in jail.
Beijing has been accused of holding at least one million people in “camps” in Xinjiang (northwest), mainly from the Uyghur Muslim minority.
Some Western studies also indicate that “forced labour” In Xinjiang and A “Genocide” Because of this Contraception Y Abortions Given as “must”.
China denies all these allegations, despite a UN report deeming them “credible”.
The human rights situation is unlikely to improve during Xi Jinping’s third term.
Instead, it will certainly “intensify its attacks” in this area not only in the rest of the country, but “in the world,” Human Rights Watch (HRW) China director Sophie Richardson fears.
(With information from AFP)
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