Anonymous ID: 93909a March 4, 2019, 9:50 p.m. No.5514655   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>4995

Beijing Goes 'Full Orwell' As Annual National Party Congress Begins

 

One year after Chinese President Xi Jinping cemented his status as "emperor for life" by having his "Xi Jinping thought" enshrined in the Chinese constitution, the ruler of the world's second largest economy will preside over yet another National Party Congress in Beijing this week, where thousands of delegates from China's "two sessions" will gather to hear Xi's policy pronouncements - economic and otherwise - during the most challenging economic environment of Xi's six-year reign.

 

Members of the nearly 3,000-strong National Peopleโ€™s Congress (NPC) , and the Chinese Peopleโ€™s Political Consultative Conference (CPPCC), an advisory body, will congregate in the Great Hall of the People for the meeting. Like last year, the crowd will include business leaders like Tencent founder Pony Ma, and cultural luminaries like actor Jackie Chan and former NBA player Yao Ming.

 

As is typical during the annual party meeting, security forces in Beijing are going "full Orwell" by cracking down on dissenters and tightening security. According to the Guardian, dissidents are placed "under control" and shipped away from the capital. More police are stationed in the city's subways and streets. And online censorship is ratcheted up.

 

The party leadership will meet amid a simmering trade dispute with the US (which delegates on both sides are reportedly working diligently to resolve). Regarding the always thorny issue of China's human rights record, Beijing is facing an international backlash over its crackdown on minority Muslim Uighurs in the western region of Xinjiang. According to Bloomberg, the party is also worried about how its citizens will react on the 30th anniversary of the Tiananmen Square massacre, which is coming up in June.

 

Premier Li Keqiang will unveil the Communist Party's growth targets on Tuesday, the first day of the NPC session, where he is widely expected to acknowledge the economic slowdown with a lowered GDP target range of 6% to 6.5% growth. Li might also unveil what Deutsche Bank expects will be 1.2 trillion and 1.5 trillion yuan in tax cuts (including a 3% VAT cut for manufacturers).

 

Afterward, the PBOC will also share its monetary policy outlook, which Deutsche expects will remain "flexible" since the trade spat with the US has not yet been resolved (though, as we noted, the beginnings of what looks like a "Shanghai Accord Pt. 2.0" are already surfacing in China's financing data).

rest at link

https://www.zerohedge.com/news/2019-03-04/beijing-goes-full-orwell-annual-meeting-chinas-legislature-begins

Anonymous ID: 93909a March 4, 2019, 10:23 p.m. No.5515021   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

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Sauce

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