China analyst Victor Shih, author of Coalitions of the Weak, discusses with Bill Bishop and Cindy Yu at China Whispers on how the move from collective leadership to a centralized power might change policies in China after the 20th Communist Party Conference including the current line-up of the leadership, zero-covid and Taiwan.
The shrinking economic growth hits the number of super-rich in China, reports the annual Hurun China rich list, reports Reuters. “This year has seen the biggest fall in the Hurun China Rich List of the last 24 years,” said Rupert Hoogewerf, chairman and chief researcher of research firm Hurun Report which compiles the list.
Their annual results reveal that food suppliers booked high margins during COVID lockdowns. Pang Pang Xiang (China) Company Ltd was retained by the Shanghai government earlier this year to supply food, and citizens are now shocked by their profits. However, they won’t be able to continue, says Shanghai-based retail analyst Ben Cavender to Reuters.
Political analyst Ian Johnson looks at the results of the now-closed meeting of the Chinese Communist Party. Technically Xi Jinping might be called China’s most powerful man, but that makes him also more vulnerable, and puts him on the firing line, writes Johnson on the Council of Foreign Relations.