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☆ Lawmakers want to know if China had anything to do with Apple's decision to cancel Jon Stewart's show
▼ + stars: | 2023-11-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Apple was asked by a House committee to explain its decision to cancel Jon Stewart's show. "The Problem with Jon Stewart," which streams on Apple TV+, was canceled last month. AdvertisementLawmakers have asked Apple to explain why "The Problem with Jon Stewart" was recently canceled. AdvertisementAfter being told he must be "aligned" with the company on topics, Stewart and Apple decided to go their separate ways. "If Jon Stewart can potentially be impeded from offering commentary on the CCP, what does this mean for less prominent personalities?".

Persons: Apple, Jon Stewart's, Jon Stewart, —, Tim Cook, Stewart, Ding Xuexiang Organizations: Apple, Chinese Communist Party, Service, New York Times, Communist Party, CCP, Getty, Business Locations: China, Beijing, Xinhua

☆ American CEOs serve China’s Xi a too-rich dessert
▼ + stars: | 2023-11-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 16 (Reuters Breakingviews) - America’s corporate chieftains were thrilled to see China’s President Xi Jinping at Wednesday’s gala dinner in San Francisco. So thrilled that they gave him a standing ovation, according to Reuters. He has defended China’s stance on Taiwan, equating the self-governing island’s relationship with the People’s Republic to Hawaii’s position vis-à-vis the United States. The standing ovation is just a new, cringeworthy way to follow the money. Xi received a standing ovation as he entered the room and before and after he took the stage, the report said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Tim Cook, Larry Fink, Steve Schwarzman, Ray Dalio, Bridgewater, Tesla, Elon Musk, Apple’s Cook, Ding Xuexiang, Howard Schultz, Biden, “, John Foley, Aditya Sriwatsav Organizations: Economic Cooperation, REUTERS, Reuters, Apple, Blackstone, ”, China, Xi, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, BlackRock, China, United States, Taiwan, Republic, Schwarzman, Beijing

☆ John Kerry steps into searing China heat as world’s two biggest polluters try to fix fractured ties
▼ + stars: | 2023-07-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

China Energy Investment Corporation, the world’s largest generator of coal-fired power, said its production of electricity reached a historic high on Monday. Kerry, 79, has traveled to China twice since being appointed as US President Joe Biden’s special climate envoy. Li, the Greenpeace analyst, said he would be closely watching who will meet with Kerry in Beijing. That would require the country to phase out coal power, which accounts for about 60% of its total electricity generation. “The expansion of coal is a grave challenge for China’s climate policy,” Li said.

Persons: John Kerry, ”, Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, “, ” Wang Organizations: Hong Kong CNN, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, “, Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP

☆ John Kerry to step into searing China heat as world’s two biggest polluters try to fix fractured ties
▼ + stars: | 2023-07-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Persons: John Kerry, ”, Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, “, ” Wang Organizations: Hong Kong CNN, Beijing Sunday, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, “, Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP

WASHINGTON, July 12 (Reuters) - Billionaire Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited China a few weeks ago. Musk made the remarks in a Twitter Space event with two U.S. congressmen, Democrat Ro Khanna and Republican Mike Gallagher. "China is definitely interested in working in a cooperative international framework for AI regulation," Musk said. He added that he has advocated for artificial intelligence regulations and oversight, including in his meetings in China. After meeting with officials during his China trip, Musk last month said the Chinese government would seek to initiate artificial intelligence regulations in China.

Persons: Billionaire Elon Musk, Musk, Ro Khanna, Mike Gallagher, Tesla, Ding Xuexiang, Kanishka Singh, Anna Tong, Sandra Maler, Leslie Adler Organizations: Billionaire, Regulators, Thomson Locations: China, Shanghai, Beijing, ChatGPT

☆ Elon Musk praises China's AI developments at state-backed conference sponsored by US-sanctioned companies
▼ + stars: | 2023-07-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk appeared via video link at the World AI Conference in Shanghai, per Bloomberg. The government-hosted conference is sponsored by Huawei and SenseTime – both sanctioned in the US. Elon Musk praised China's developments in AI as he discussed the technology at a government-backed conference on Thursday, Bloomberg reported. Musk appeared on screen at the World AI Conference in Shanghai, which is hosted by Chinese government ministries, per South China Morning Post. According to Reuters, Musk met with China's sixth highest-ranked leader, Vice Premier Ding Xuexiang — believed to be the first time he's met one-on-one with a foreign CEO.

Persons: Elon Musk, Musk, –, Ding Xuexiang —, he's, Vivek Ramaswamy, Tesla, Twitter Organizations: World AI Conference, Bloomberg, Huawei, SenseTime, Morning, China Morning, Amazon Web Services, IBM, Microsoft, Qualcomm, US, Shanghai, —, Reuters, Chinese Communist Party Locations: Shanghai, China, Xinjiang, Western China

☆ Tesla's China expansion hits speed bump amid industry overcapacity
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +5 min

"You could argue that as Tesla, I've got new products, I need to have a new factory to build them in," he said. "But viewed from the China government's point of view, all they see is a market that's oversupplied." Construction of Tesla's Shanghai plant took less than a year to complete after it broke ground on the site in 2019. U.S. luxury EV maker Lucid Group (LCID.O) is also keen to make cars in China but has been advised that the possibility was low, industry sources said. "China needed Tesla to open the market for retail consumers, but Tesla needs China, because the supply chain benefits of being here and the competitive bar that's set here makes Tesla a more competitive company globally.

Persons: Tesla, Bill Russo, I've, Elon Musk, Ding Xuexiang, Musk, it's, Dan Ives, EVs, Nio, Xiaomi, Automobility's Russo, Zhang Yan, Brenda Goh, Jamie Freed Organizations: National Development, Reform Commission, Tesla, Wedbush Securities, Reuters, HK, Lucid, Thomson Locations: China, SHANGHAI, Shanghai, Beijing, CHINA, United States, Southeast Asia, Canada, India, South Korea, Indonesia

☆ Microsoft's co-founder Bill Gates will reportedly meet China's Xi this week
▼ + stars: | 2023-06-15 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during the EEI 2023 event in Austin, Texas, US, on Monday, June 12, 2023. Microsoft 's co-founder Bill Gates will be meeting Chinese President Xi Jinping on Friday, Reuters reported Wednesday citing two sources familiar with the matter. CNBC reached out to China's ministry of foreign affairs but did not hear back at the time of publication. They discussed views on enhancing public health service and poverty reduction, according to China's foreign ministry. In March, Cook met China's minister of commerce Wang Wentao to discuss China's reopening and broader supply chain issues.

Persons: Bill Gates, Melinda Gates, Xi Jinping, Gates, Antony Blinken, Qin Gang, Blinken, Tim Cook, Elon Musk —, Cook, China's, Wang Wentao, Musk, Ding Xuexiang Organizations: Melinda Gates Foundation, Microsoft, Reuters, CNBC, U.S, Foreign, U.S ., U.S . State Department, Apple, Tesla Locations: Austin , Texas, China, Hainan province, Beijing, U.S

☆ Bill Gates in China: Microsoft co-founder to meet Xi Jinping
▼ + stars: | 2023-06-14 | by ( Julie Zhu | ) www.reuters.com time to read: +3 min

HONG KONG, June 14 (Reuters) - Bill Gates, Microsoft Corp's (MSFT.O) co-founder, is set to meet Chinese President Xi Jinping on Friday during his visit to China, two people with knowledge of the matter said. The meeting will mark Xi's first meeting with a foreign private entrepreneur in recent years. The last reported meeting between Xi and Gates was in 2015, when they met on the sidelines of the Boao forum in Hainan province. In early 2020, Xi wrote a letter to Gates thanking him, and the Bill & Melinda Gates Foundation, for pledging assistance to China including $5 million for the country's fight against COVID-19. Several foreign CEOs have visited China since it reopened early this year but most have mainly met with government ministers.

Persons: Bill Gates, Xi Jinping, Gates, Melinda Gates, Xi, Premier Li Qiang, Tim Cook, Elon Musk, Ding Xuexiang, Antony Blinken, Blinken, Qin Gang, Qin, Julie Zhu, Greg Roumeliotis, Brenda Goh, Alex Richardson, Sumeet Chatterjee, Nick Macfie, William Maclean Organizations: Microsoft, Melinda Gates Foundation, Information Office, COVID, Premier, Reuters, U.S, Thomson Locations: HONG KONG, China, Beijing, Hainan province, U.S, United States, Hong Kong, New York

☆ Elon Musk discussed a possible Mongolia expansion with the country's prime minister
▼ + stars: | 2023-06-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Mongolia's prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday discussed possible expansion and investments into the Asian country over a virtual meeting. A statement from the cabinet secretariat of Mongolia's government added that the country's prime minister emphasized his support for the use of electric cars and urged Mongolian citizens to use such vehicles. Musk and Oyun-Erdene also spoke about bringing Starlink — a satellite communications terminals and services provider operated by the Musk-founded SpaceX — to Mongolia. Starlink was registered as a company in Mongolia in 2022 and is expected to launch regionally this year. The Tesla CEO complimented China's technological advances and visited the Tesla gigafactory in Shanghai.

Persons: Mongolia's, Luvsannamsrai, Elon Musk, Erdene, Starlink, Ding Xuexiang Organizations: Tesla, SpaceX, U.S Locations: Mongolia, Mongolian, Mongolian Government, China, Beijing, Shanghai

BEIJING, June 5 (Reuters) - U.S. automaker Tesla Inc (TSLA.O) delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday. Chinese rival BYD Co Ltd (002594.SZ), with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, logged sales of 239,092 vehicle in May, up 14% from April, CPCA data showed. CPCA is scheduled to release more detailed car sales figures for May later this month. Tesla has been under intense focus in China in recent weeks, amid an unannounced, high-stakes visit from boss Elon Musk. Musk visited Tesla's Shanghai factory late on Wednesday and met with Chen Jining, the ruling party's Shanghai secretary, on Thursday.

Persons: CPCA, Tesla, Elon Musk, Ding Xuexiang, Musk's, Zeng Yuqun, Musk, Chen Jining, Chen, Qiaoyi Li, Zhang Yan, Brenda Goh, Louise Heavens, Bernadette Baum Organizations: U.S, Tesla Inc, China Passenger Car Association, BYD Co, Reuters, Amperex Technology Co, Thomson Locations: BEIJING, China, Shanghai, Beijing

☆ Elon Musk's whirlwind China trip included talks with vice premier
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, June 1 (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk departed Shanghai on Thursday, wrapping up a two-day trip to China in which he met senior Chinese government officials including the highest-ranking vice premier. The video released by Tesla showed Musk praising employees for "overcoming so many difficulties and challenges" and making a heart sign with his hands. Earlier in the trip, Musk met with China's foreign, commerce and industry ministers in Beijing and dined with the chairman of battery supplier Contemporary Amperex Technology Co Ltd (CATL) (300750.SZ). He also met with Chinese Vice Premier Ding Xuexiang on Wednesday, a source familiar with the matter said. China values its relationship with Tesla and in 2019 Musk had a one-on-one meeting with then premier Li Keqiang.

Persons: Elon Musk, Musk's, Tom Zhu, Tesla, Musk, Ding Xuexiang, Ding, Xi Jinping, Li Keqiang, Chen Jining, Chen, Zhang Yan, Brenda Goh, Nicoco Chan, Julie Zhu, Edwina Gibbs Organizations: Tesla Inc, Amperex Technology Co, State, Information Office, U.S ., Thomson Locations: SHANGHAI, Shanghai, China, Beijing, U.S, Shanghai's Hongqiao, Austin , Texas, Hong Kong

☆ Elon Musk met with Chinese Vice Premier Ding in Beijing -source
▼ + stars: | 2023-06-01 | by ( Julie Zhu | ) www.reuters.com time to read: +2 min

[1/2] Tesla Chief Executive Officer Elon Musk walks next to Tesla's Senior Vice President Tom Zhu and Vice President Grace Tao as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang/File PhotoHONG KONG, June 1 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang on Wednesday afternoon in Beijing, a source familiar with the matter said. It was not immediately clear if Musk met Li Qiang during the trip. Tesla had previously sought a meeting for Musk with Li, Reuters reported in March. Musk left Shanghai on Thursday morning, wrapping up a two-day trip to China in which he also met a key battery supplier and visited Tesla's Shanghai factory.

Persons: Elon Musk, Tom Zhu, Grace Tao, Tingshu Wang, Ding Xuexiang, Tesla, Ding, Xi Jinping, Li Qiang, Musk, Li, Julie Zhu, Zhang Yan, Brenda Goh, Sophie Yu, Edwina Gibbs Organizations: Tesla, Tesla's, REUTERS, Tesla Inc, State, Information Office, Reuters, Thomson Locations: Beijing, China, HONG KONG, Shanghai, Tesla's Shanghai

☆ Elon Musk wrapped up his first visit to China in years. Here's what the Tesla CEO was up to
▼ + stars: | 2023-06-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

His first visit in 3 years saw the Tesla CEO meet with top government officials and speak to staff at the Shanghai Gigafactory. Tesla opposes "decoupling" and is willing to continue to expand its business in China, the statement said. On Wednesday, Musk met with Jin Zhuanglong, China's minister of industry and information technology. On Thursday, Musk met with Chen Jining, the Shanghai party secretary. Musk visits the Shanghai Gigafactory

Persons: Elon Musk, Ding Ting, Musk, Qin Gang, Qin, Tesla, Jin Zhuanglong, Chen Jining, Tesla's, Chen, Ding Xuexiang, Ding, Xi Jinping, Xi, Zeng Yuqun, Zeng, CATL Organizations: Xinhua News Agency, Getty, Musk, Reuters, EV, CATL, CNBC, Bloomberg, Shanghai Locations: China, Shanghai, U.S

☆ Elon Musk stopped tweeting for over 48 hours — his longest hiatus in a year — and all it took was a visit to China, where Twitter is banned
▼ + stars: | 2023-06-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Elon Musk stopped tweeting from May 29 to early June 1, putting an end to his daily posting streak. Twitter is banned in China, where Musk has met with top government officials and had a 16-course feast, per Reuters. And it looks like only the Great Firewall of China has slowed that down, because Twitter is banned in the country. That means Musk's break from tweeting was his longest hiatus from the platform since June last year, Bloomberg reported. While Twitter is banned in China, people often get around this by using virtual private networks or VPNs.

Persons: Elon Musk, Musk, Elon, hasn't, —, tweeting, Linda Yaccarino, Ding Xuexiang —, he's, Twitter Organizations: Bloomberg, Twitter, Morning, Reuters, Weibo Locations: China, Shanghai

☆ US corporates and China hug awkwardly in Beijing
▼ + stars: | 2023-03-27 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

The final quarter saw a slight rebound, but American FDI into China has been slowing for years. Despite their suspicions of the U.S. government, Chinese officials don’t want American capitalists to stop investing in the country because their firms create jobs, bring technology and best practices. Anecdotal evidence suggests even in harmless industries like textiles and market research, decoupling is becoming the default American investment thesis. If China surprises by dramatically boosting internal demand, U.S. executives and their shareholders will be placated. Cook is in Beijing to attend the China Development Forum, a flagship investment conference organised by the government and held March 25-27.

☆ Factbox: Key takeaways from China's annual NPC parliamentary meeting
▼ + stars: | 2023-03-13 | by ( Laurie Chen | ) www.reuters.com time to read: +5 min

These include Premier Li Qiang, NPC Chairperson Zhao Leji, Executive Vice-Premier Ding Xuexiang, and Vice President Han Zheng. China's private sector has been rattled in recent years by a sweeping regulatory clampdown targeting some of its most vibrant industries, including the internet and private education. The new national financial regulatory administration will replace the existing banking and insurance watchdog and oversee all aspects of China's $57 trillion financial sector apart from the securities market. A separate top-level party financial watchdog, the Central Financial Work Commission, is likely to be resurrected after the NPC, sources earlier told Reuters. This will likely have responsibility for the new state financial regulator.

However, further announcements are expected in coming weeks as China implements a reorganisation of its financial regulatory structure and other government bodies. "Opting for continuity in these critical economic roles suggests an emphasis on credibility and stability," said Mattie Bekink, China director at the Economist Intelligence Corporate Network. The U.S.-educated central bank chief Yi, appointed PBOC governor in 2018, had widely been expected to retire after being left off the ruling Communist Party's Central Committee during the party's once-in-five-years congress in October. "It shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," he said. The parliamentary session will end on Monday, with Xi expected to give a speech and Li, the new premier, scheduled to hold a televised media conference afterwards.

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

[1/4] A worker walks across a construction site in the Central Business District, ahead of the opening of the National People's Congress (NPC) in Beijing, China, February 28, 2023. Nearly 3,000 delegates will gather in the Great Hall of the People west of Tiananmen Square for the first National People's Congress (NPC) of the post-zero-COVID era, although some precautions remain including testing and quarantine for journalists. It will also discuss Xi's plans for an "intensive" and "wide-ranging" re-organisation of state and Communist Party entities, state media reported on Tuesday, after a three-day meeting of the party's central committee. China's economy grew just 3% last year, one of its worst showings in nearly half a century. "We will strive to spur growth and have policy tools to do that, mainly by channelling money into big projects," Xu Hongcai, deputy director of the economic policy commission at the state-backed China Association of Policy Science, told Reuters.

☆ Meet the 4 men tipped to run China’s economy
▼ + stars: | 2023-03-01 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —The team of Communist Party officials running China’s economy is about to get a major makeover. They include the four men tipped to manage the world’s second biggest economy: Li Qiang as premier, Ding Xuexiang as executive vice premier, He Lifeng as vice premier and Zhu Hexin as the new central bank chief. That puts the 63-year-old in line to succeed Premier Li Keqiang when he steps down during the upcoming congress. Li would be the first premier since the Mao era not to have previously worked at the State Council, China’s cabinet, as vice premier, analysts say. Stringer/ICHPL Imaginechina/AP/FileThe 68-year-old would succeed Vice Premier Liu He, who led China’s negotiations with the United States during trade talks in 2018 and 2019.

☆ Xi's planned revival of Chinese financial watchdog exerts more party control
▼ + stars: | 2023-03-01 | by ( Joe Cash | ) www.reuters.com time to read: +4 min

BEIJING, March 1 (Reuters) - Plans by China's Communist Party to revive a high-level economic watchdog after two decades signal President Xi Jinping push to increase oversight of the financial sector, analysts say, part of a wider tightening of control by Xi and the party. "Through the CFWC, Xi and his allies could more rapidly roll out a reshuffle to replace the remaining legacy technocrats with people more loyal to them," he said. China's financial sector is overseen by the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, with the cabinet's Financial Stability and Development Committee at the top. Under the new proposed structure, the party would take on a direction-setting role for the economy and regulatory bodies. "But this could also lead to policies replacing some market forces, which may not be ideal for financial liberalisation", she said.

☆ China's Xi thanks late leader Jiang Zemin for ensuring party's survival from 'storms'
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +3 min

Li Xueren/Xinhua via REUTERSBEIJING, Dec 6 (Reuters) - Chinese President Xi Jinping paid tribute to former leader Jiang Zemin on Tuesday for ensuring the Communist Party's survival from "political storms" and reforming it to inject new vitality and modernise the country's economy. "In the late 1980s and early 1990s, serious political storms occurred at home and abroad, and world socialism experienced severe complications. Some Western countries imposed so-called 'sanctions' on China," Xi told an audience including China's top leadership and Jiang's direct successor Hu Jintao. But Jiang stepped forward to press reform and opening up, strengthen the party's ties with the people, engage in "diplomatic struggles" and upheld China's independence, dignity, security and stability, Xi added. Attendees at the ceremony all stood as Xi spoke, and wore white chrysanthemums, a traditional Chinese symbol for mourning.

☆ Xi shook up the power order in China, but the world should expect little change — because Xi is still the complete puppet master, 2 experts say
▼ + stars: | 2022-11-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

Last month, Xi Jinping announced who would join him to be the top seven officials in China. Kevin Frayer/Stringer/Getty ImagesBoosted to the second-in-command spot by Xi, Li is thought to be one of the president's closest protégés. Having been the lowest-ranked member of the previous standing committee, Zhao has jumped four positions to get to his current role. It indicates to me that Xi Jinping is satisfied with the work that Zhao has done," said Loh. "Xi Jinping makes it very clear.

Xi Jinping consolidated his power in China with a reshuffle of the politburo standing committee. He also used the event to unveil the new members of the politburo standing committee. He is a new entry to the standing committee, and at 60, is its youngest member. He is another new member of the politburo standing committee and will help lead the central commission for discipline inspection. He previously worked as the party leader in Yan'an, which once served as the headquarters of the party before it took control of the whole country.

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