The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.
President Xi Jinping of China is expected to secure a fourth term as leader of the ruling Communist Party next year. He has warned that too many officials fail to faithfully carry out his orders.
The fifth plenum comes against a backdrop of years of purges that have had some analysts wondering if the issue is corruption or a lack of loyalty
When Xi Jinping came to power in 2012, he pledged to stamp out corruption all through the ranks of the Communist party. More than a decade later, the pace of investigations has not slowed. Last year, China’s disciplinary authorities opened investigations into more than 1 million people, including more than 100 officials at or above ministerial or provincial level.
As Chinese Communist party (CCP) officials kick off an important meeting this week, discipline – and party loyalty – is high on the agenda. For those who try to read the tea leaves of elite Chinese politics, concern about the apparent lack of discipline is dominating CCP discussions.
As Amazon blocks AI agents from shopping on its site, Walmart is taking the opposite approach, introducing new technology that lets AI agents make purchases on customers' behalf, with controls over spending and transaction approvals.
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