China announced its new leadership lineup on Wednesday with President Xi Jinping still at the helm of the Chinese Communist Party. Although it’s a team in name, the Chinese president is now more powerful than he’s ever been — especially as there’s no clear successor to Xi in the new lineup.In the wake of the last week’s Communist Party congress, Xi now stands as China’s most powerful leader in years. And he’s expected to use that authority to steer the country into a position of global leadership on its own terms.”As the world’s largest political party, the [Communist Party of China] must behave in a way commensurate with this status,” Xi said through a translator on Wednesday after the new leadership was announced.
Source: Chinese Communist Party Meet Politburo Standing Committee members
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.