Month: October 2017

China’s 19th CPC Congress: Redefining Economic Growth

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Jabin T. Jacob, PhD, Fellow, Institute of Chinese Studies

There are several aspects of the recently concluded 19th Congress of the Communist Party of China (CPC) that are noteworthy for India.

First, CPC General Secretary Xi Jinping has attempted to redefine what acceptable economic growth is in China. The expression ‘contradiction’ is an important one in the Chinese communist lexicon and until the 19th Party Congress, the ‘principal contradiction’ was the one between ‘the ever-growing material and cultural needs of the people and backward social production’ or, in other words, China’s inability to provide for the basic material needs of its people. Following nearly 40 years of economic reforms, this challenge has now been met with China eradicating poverty at the most massive scale and at the quickest pace in human history.

This process has, however, also resulted in rising income inequalities between individuals and between regions in China, and massive environmental damage and health crises across the country. Continue reading “China’s 19th CPC Congress: Redefining Economic Growth” →

19th CPC National Congress: An Analysis

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Bhim Subba, ICS-HYI Doctoral Fellow, University of Delhi

The 19th CPC National Congress convened from 18-24 October 2017. As the established norm, a congress has two functions: a political report, and personnel arrangement. Likewise, the congress also makes substantive policy guidelines for the party-state. In this session too, General Secretary Xi Jinping, in his role as ‘core’ leader, put forward important policy guidelines, which was endorsed by the Central Committee. However, the most important is the canonization of Xi Jinping Thought in the party charter alongside Mao Zedong Thought and Deng Xiaoping Theory, which has made Xi the most powerful leader in present-day China. Thus, questioning Xi will mean questioning the CPC!

 

Xi Jinping Thought – Part of a Continuum

Xi Jinping’s more than three hour-long speech outlined achievements of the last five years of his tenure, and announced that China is entering a ‘new era’, and laid a new guiding ideology as ‘Socialism with Chinese Characteristics for a New Era’ which subsequently was added to the party charter in power.

Looking at the report, one can analyze that this formulation is not ‘new’. Continue reading “19th CPC National Congress: An Analysis” →

19th National Congress of the CPC: Xi Jinping Firmly in Charge

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Jabin T. Jacob, PhD, Fellow, Institute of Chinese Studies

Xi Jinping is officially China’s strongest leader in decades. The Communist Party of China’s Politburo Standing Committee (PBSC) was unveiled at the end of the 19th National Congress of the CPC in Beijing yesterday with Xi Jinping reelected General Secretary for a second term. The 7-member PBSC includes besides Xi and his Premier Li Keqiang, at least four of Xi’s close allies in key positions. Also, in a departure from Party norms it offers no choice of potential successors to take over from Xi in 2022 when again according to norms, he is supposed to step down from power.

This composition of the PBSC in favour of Xi is the culmination of a series of steps he has taken over the past five years, foremost of which was a popular and far-reaching anti-corruption campaign that netted hundreds of senior Party and military officials including a potential rival and a former PBSC member, no less. Continue reading “19th National Congress of the CPC: Xi Jinping Firmly in Charge” →

China and Globalization: Time for New Beginnings?

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He Fan, Professor of Economics, HSBC School of Business, Beijing, Director of Maritime Silk Road Research Center
Zhu He, Postdoctoral Scholar, Peking University & Assistant Director of Silk Road Research Center
Li Chaohui, Research Assistant, Haitian Silk Road Research Center, HSBC School of Business, Peking University

This article was originally published in the Business Standard as ‘China’s version of globalisation’, 14 October 2017. This is part of a series by Chinese economists facilitated by the ICS. The original text in Chinese follows below the English version.

In the past 40 years, China has achieved sustained high rate of economic growth after the implementation of the policy of reforms and opening up. This has generated worldwide attention for the “Chinese miracle.” In 1980, China’s exports amounted to only 5.9% of GDP and its foreign investment abroad was only just over US$1.6 billion; by 2013, the latter figure had increased to US$290 billion.

China’s integration into the world economy essentially began in the 1990s. Continue reading “China and Globalization: Time for New Beginnings?” →

China Diary: First Impressions

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Monish Tourangbam, PhD, Assistant Professor, Department of Geopolitics and International Relations, Manipal University, Karnataka & South Asian Voices Visiting Fellow, Stimson Center, Washington D.C.

As an academic actively teaching and writing on issues of international relations and geopolitics, visiting the People’s Republic of China (PRC) has always been a priority on my bucket list. So, when an opportunity came to visit the PRC, I embraced it with an open mind, with an intention to listen, observe and learn. A trip spanning less than two weeks is hardly an adequate time to even start scratching the surface of a country that is often associated with opacity. Hence, these are mere first impressions that in no way can be seen as definitive impressions.

One is often struck by the geographical nearness of China to India, and yet the political distance, in terms of a complex adversarial and competitive relationship, and divergent political systems. Continue reading “China Diary: First Impressions” →