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.
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