• China's elite have begun their game of thrones — here are some of the potential winners

    4 Aug 2017 | Economic News

As Beijing's sweltering summer rolls into August, China's political elite usually retreats seaside to deliberate the hottest topic of all: the future of the ruling Communist Party.

For President Xi Jinping, this is an opportunity to install loyalists and shore up his legacy. Who gets promoted and who doesn't could have a major global impact, as the world's second-largest economy posts its slowest pace of growth in a quarter of a century.

The lineup will be unveiled at China's 19th National Congress of the Communist Party, which is set for some time in the fall although its dates are not yet announced. The bargaining could stretch until the eleventh hour, but most issues are likely to be settled this month, according to Minxin Pei, an expert in Chinese politics and professor of government at Claremont McKenna College.

China might be a one-party system, but like any other political power struggle, various factions work to usher supporters in and kick rivals out. Important considerations include the individual's relationship with Xi, the power of their patrons, seniority of current ranking, their age, experience and qualifications.

Here's a look at a few candidates who experts say might be up for promotion into the standing committee:

Li Zhanshu: Director of the general office of the Communist Party; often called Xi's right-hand man

Zhao Leji: Head of department of organization, which prescreens candidates and compiles short lists for key government posts. Prior to Zhao, five out of the eight people who had this job made it into the standing committee

Wang Huning: Head of China's central policy research office; thought to be close to Xi and an architect of major policy initiatives; said to be behind "Chinese Dream" campaign; specialist in U.S. politics

Hu Chunhua: Party secretary of Guangdong; in his mid-50s and the youngest of the bunch; regarded as a rising star

Han Zheng: Party secretary of Shanghai; that's a position often tipped for promotion

Wang Qishan: China's current anti-corruption czar and a close ally of Xi; believed to have significant clout; already on the standing committee and is of retirement age, but there's speculation he could see another term

Wang Yang: Third-ranked vice premier of State Council, which is part of the executive branch; two-term Politburo member and due to rise

Liu Qibao: Head of the propaganda department, a very powerful division; that's traditionally a position that gets promoted

Liu He: Vice chairman of the National Development and Reform Commission; oversees the Leading Group for Financial and Economic Affairs; economist by training and top economic advisor to Xi

Chen Min'er: Party secretary of Chongqing; recently named to new post after a potential Xi successor was ousted; previously worked under Xi when he was Zhejiang party leader

Reference: CNBC

Read More: https://www.cnbc.com/2017/08/03/chinas-elite-have-begun-their-game-of-thrones--here-are-some-of-the-potential-winners.html

MTS Gold Co., Ltd.
40,42,44, Sapsin Road, Wang Burapha Phirom Sub-district, Pranakorn District, Bangkok, 10200
Tel. 0 2770 7777 Fax. 0 2623 9366 E-mail: support@mtsgoldgroup.com