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Probably not by the numbers—China's nominal GDP was only 64% of the US last year
This table shows the evolution of drafting teams for plenums about five-year plans
Communique suggests huge purge of Central Committee members beyond current rumors
https://twitter.com/neilthomas123/status/1978499540836552864
Xi may leave the Politburo and CMC depleted
Would be the sparsest plenum in recent memory
"Li has held talks at the U.N. this week with European Commission President Ursula von der Leyen, Canadian Prime Minister Mark Carney and Austrian Chancellor Christian Stocker."
As I told @business "this week is a diplomatic triumph for Beijing but China is still years or decades away from neutralizing US power in global finance, security and technology."
1. Bumingbai 不明白 @bumingbaipod
The most precious resource for any leader? Time.
But foreign leaders are still coming to China, like for the EU Summit this week
The rising political priority of tech self-reliance is now creating opportunities for firms and financiers
This marks a counter-intuitive turn
https://twitter.com/selinawangtv/status/1910440077425074183
Xi's view is that countries will want to do business less with the U.S. because of the uncertainty created by tariffs, which will drive them toward China, said Thomas, who added that China has been preparing for this possibility for years by growing trade relations with the rest of the world.
"The more intense the [U.S.-China] trade war, the more aggressively Beijing will add stimulus. Nonetheless, debt concerns will likely deter a stimulus 'bazooka,' and direct consumer stimulus remains unlikely due to ideological opposition and implementation hurdles."
Having a "spirit" 精神 suggests the symposium will influence policy going forward
Li Qiang will speak on March 5 to the annual parliamentary session of the National People's Congress
What We Are Watching
At the Edge of Empire: A Family’s Reckoning with China by @ewong
Pressure Will Grow Between Xi’s Political Power and His Ability to Deliver Results
"Xi’s ideology is described as 'Marxist-Leninist Nationalism,' or 'Marxist Nationalism' for short. He has thus moved Chinese politics to the 'Leninist left,' Chinese economic policy to the 'Marxist left,' and Chinese foreign policy to the 'nationalist right.'"
Politburo briefers are also becoming somewhat more red and less expert under Xi