China's President Xi issued a rallying cry that was also perceived as a warning he demands total loyalty in his speech on Friday: “In our Long March of today, we must strengthen the party’s leadership, persist with strict party discipline,” he said. As we have noted, China's ruling party is bracing itself for a year of intensive political jostling ahead of a major leadership shuffle. This comes amid struggles to keep China's flagging economy afloat, property bubbles and significant corporate debt levels. The President's foreign policy has also strained relations with neighbours, trading partners and the US.
China's President Xi Jinping issued a rallying cry that was also perceived as a warning he demands total loyalty in his speech on Friday: “In our Long March of today, we must strengthen the party’s leadership, persist with strict party discipline,” he said. As we have noted, China's ruling party is bracing itself for a year of intensive political jostling ahead of a major leadership shuffle. This comes amid struggles to keep China's flagging economy afloat, property bubbles and significant corporate debt levels. The President's foreign policy has also strained relations with neighbours, trading partners and the US.