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Communist Party

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Vietnam’s To Lam tightens grip as growth push reshapes leadership
world1 month ago

Vietnam’s To Lam tightens grip as growth push reshapes leadership

Vietnam’s General Secretary To Lam was reelected and is expected to become president, signaling a consolidation of power that could accelerate decisions and reforms. He’s pushing a high-growth strategy targeting 10%+ annual growth from 2026–2030 centered on expanding the private sector and higher-value industries, while maintaining party discipline. The move raises concerns about checks and human rights as the state expands security influence and reshapes the economy; challenges include aging demographics, climate risk, weak institutions, and U.S. trade pressures.

via AP News|
#communist-party#economic-growth#private-sector
Xi Urges Party Unity Amid Economic Challenges at Key Policy Meeting
politics1 year ago

Xi Urges Party Unity Amid Economic Challenges at Key Policy Meeting

Chinese President Xi Jinping has urged the Communist Party to maintain "unwavering faith and commitment" to his reform plans despite international investment banks lowering China's growth forecasts. During the third plenum, a key policy meeting, Xi emphasized the importance of self-reliance and confidence in China's development path, focusing on technology and advanced manufacturing. Official media praised Xi as a "supreme reformist," indicating no significant shift in strategy despite economic challenges and international pressures.

via South China Morning Post|
#china#communist-party#economic-reform
China's Secretive Economic Meeting Aims to Tackle Troubles
economy1 year ago

China's Secretive Economic Meeting Aims to Tackle Troubles

President Xi Jinping is leading a closed-door meeting with 370 Communist Party officials in Beijing to draft a new economic program aimed at revitalizing China's economy. The four-day conclave, known as the Third Plenum, seeks to promote "high quality" growth amid recent economic challenges, including slow growth, a property sector crisis, and local government debt. The success of the proposed reforms will depend on restoring confidence among Chinese citizens and foreign investors.

via The New York Times|
#china#communist-party#economic-growth
China's Communist Party Gathers to Address Economic Challenges
international-news1 year ago

China's Communist Party Gathers to Address Economic Challenges

China's Communist Party has begun a four-day meeting to outline strategies for self-sufficient economic growth amid national security concerns and U.S. technology restrictions. The meeting, which typically focuses on long-term issues, is being closely watched for any immediate measures to address the real estate downturn and economic malaise post-COVID-19. The session is expected to confirm the path set by Xi Jinping, with potential fine-tuning to address concerns over government control stifling economic growth. Key issues include balancing economic growth with social equity and supporting high-tech industries vital for national security.

via The Associated Press|
#china#communist-party#economic-growth
China's Communist Party Convenes to Address Economic Challenges
economy1 year ago

China's Communist Party Convenes to Address Economic Challenges

Senior Chinese Communist Party officials are meeting in Beijing for the "Third Plenum" to discuss economic reforms amid a significant economic slowdown. China's economy grew by only 4.7% in the second quarter, below expectations, due to internal issues like a struggling real estate market and external factors such as trade tensions with the US and EU. President Xi Jinping has hinted at major reforms, but specifics remain unclear, with experts predicting modest policy adjustments rather than sweeping changes.

via DW (English)|
#china#communist-party#economic-growth
China's Third Plenum Convenes Amid Economic Challenges
economy1 year ago

China's Third Plenum Convenes Amid Economic Challenges

China's Communist Party is holding its third plenum in Beijing to address significant economic challenges, including a property sector crisis, high local government debt, and weak consumer demand. The meeting, delayed for months, is crucial for setting the direction of the world's second-largest economy amid internal and external pressures. Observers expect targeted reforms rather than sweeping changes, focusing on structural economic issues, technological self-reliance, and social problems. The outcomes will impact China's global economic role and investor confidence.

via CNN|
#china#communist-party#economic-policy
China's Q2 GDP Growth Slows to 4.7%, Missing Expectations Amid Economic Pressures
economy1 year ago

China's Q2 GDP Growth Slows to 4.7%, Missing Expectations Amid Economic Pressures

China's economic growth slowed significantly in the second quarter due to a real estate downturn, causing cautious consumer spending. The Communist Party is meeting to address the economic challenges, with the latest data showing a 0.7% growth over the previous quarter, translating to an annual rate of about 2.8%. This is a sharp decline from the first quarter's revised annual growth rate of 6.1%.

via The New York Times|
#china#communist-party#consumer-spending
Nepal Appoints KP Sharma Oli as New Prime Minister
politics1 year ago

Nepal Appoints KP Sharma Oli as New Prime Minister

Khadga Prasad Sharma Oli, leader of Nepal's largest communist party, has been named the new prime minister after forming a coalition with the Nepali Congress party. This marks his fourth term as PM, replacing Pushpa Kamal Dahal. Oli must secure a vote of confidence in parliament within a month to continue in office. The new power-sharing arrangement will see Oli and Nepali Congress president Sher Bahadur Deuba rotate the prime minister's post until the 2027 general election.

via Al Jazeera English|
#coalition-government#communist-party#khadga-prasad-sharma-oli
"Vietnam's Political Turmoil: Resignation of Second President Raises Stability Concerns"
politics1 year ago

"Vietnam's Political Turmoil: Resignation of Second President Raises Stability Concerns"

Vietnam's Communist Party has accepted the resignation of President Vo Van Thuong, citing violations of party rules that negatively impacted public opinion. This move has raised concerns about political stability and its potential impact on foreign investors' confidence in the country. The resignation comes amid a wide-ranging anti-corruption campaign and follows the arrest of a former provincial head for alleged corruption. While the political crisis may be resolved with the swift election of a new president, there are concerns that repeated leadership reshuffles could further slow policy and administrative decisions, affecting business sentiment and foreign investment in Vietnam.

via CNN|
#communist-party#foreign-investment#political-turmoil
"Vietnam's Political Future Uncertain as President Vo Van Thuong Resigns"
politics1 year ago

"Vietnam's Political Future Uncertain as President Vo Van Thuong Resigns"

Vietnam is seeking its third president in little more than a year after the ruling Communist Party forced the resignation of Vo Van Thuong, who was accused of violating party rules and is the latest casualty of the anti-graft campaign. The stability of Vietnam, crucial for multinational companies, is now less certain, but analysts believe key policies will remain unchanged. Vice President Vo Thi Anh Xuan is the likely acting president, with potential permanent successors including the minister of public security, To Lam, and party veteran Truong Thi Mai.

via Reuters|
#communist-party#corruption#leadership-reshuffle