China’s Communist Party begins key economic meeting amid national security concerns

Analysis China’s Communist Party begins key economic meeting amid national security concerns
Chinese security personnel stand on duty at the entrance to Jingxi Hotel where the Communist Party's Central Committee is holding its third plenum in Beijing, China, Monday, July 15, 2024. (AP)
Short Url
Updated 15 July 2024
Follow

China’s Communist Party begins key economic meeting amid national security concerns

China’s Communist Party begins key economic meeting amid national security concerns
  • Historically, this third meeting has emerged as one at which major economic and policy decisions have been set
  • The degree to which the meeting acknowledges concerns about the business environment and national security could signal whether there will be some policy adjustments

BEIJING: China’s ruling Communist Party started a four-day meeting Monday that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology.
While the meeting typically focuses on such long-term issues, business owners and investors will also be watching to see if the party announces any immediate measures to try to counter a prolonged real estate downturn and persistent malaise that has suppressed China’s post-COVID-19 recovery.
“There’s a lot of unclarity of policy direction in China,” which is weighing on consumer and investor confidence, said Bert Hofman, the former World Bank country director for China and a professor at the National University of Singapore. “This is a point in time where China needs to show its cards.”
Economic growth slowed to 4.7 percent on an annual basis in the April to June quarter, the government reported Monday.
Chinese leader Xi Jinping addressed the closed-door meeting on Monday, expounding on a draft of its coming decision on “deepening reform and advancing Chinese modernization,” the official Xinhua News Agency said.
Security was tightened in central Beijing, as it generally is for major government events, with uniformed guards posted in some subway stations and neighborhood-watch people wearing red armbands stationed in public areas.
The decision will send a message to local government officials and others about the future direction of policy. The general expectation is that it will confirm a path laid out by Chinese leader Xi Jinping, though some hope for some fine-tuning to address concerns that increasing government control over business and society is stifling economic growth.
What is the “third plenum” and why does it matter?
The Communist Party’s 205-member Central Committee is holding its third plenum, or the third plenary session of a five-year term that started in 2022. This year’s meeting was expected to be held last year, but was delayed.
Historically, this third meeting has emerged as one at which major economic and policy decisions have been set, though not every time. Analysts say the plenum often sets longer-term directions impacting the economy.
1. In 1978, the meeting endorsed the “reform and opening up” of former leader Deng Xiaoping, the transformation from a planned economy to a more market-based economy that propelled China’s growth in the ensuing decades.
2. In 1993, it endorsed a “socialist market economy” that sealed the victory of reformers battling against conservatives warning about the dangers of economic liberalization.
3. In 2013, in another endorsement of reform, it said that the market would become the decisive force in the allocation of resources.
The last pronouncement, made a year after Xi became leader, didn’t come to be. Within a couple of years, the party began backtracking before setting off in a new direction in 2017, Hofman said.
What issues are at stake?
Under Xi, the Communist Party has decided that the party needs to be at the center of efforts to take China to the next level of development. China is the world’s second-largest economy, but with a population of 1.4 billion people, it is also still a middle-income country.
The government has reined in China’s high-flying tech giants, such as Alibaba, the fintech and e-commerce giant. As the United States became more adversarial, Xi pushed Chinese companies and universities to try to develop the high-end semiconductors and other technology that is being blocked by US restrictions on exports to China.
Free-market advocates are concerned this government-led approach is discouraging the entrepreneurial spirit. Another worry is that the rising importance of national security will take a toll on economic growth. The government has investigated companies that transferred economic data overseas in what appears to be a widening definition of what constitutes a breach of the law.
A major change in direction is not expected and would be momentous if it were to happen. Instead, the degree to which the meeting acknowledges concerns about the business environment and national security could signal whether there will be some policy adjustments.
What policy shifts might happen?
Further support for high-tech industries that are considered vital for national security and future growth is all but certain, along with related industrial policies.
But the party faces demands on other fronts. Alexander Davey, an analyst at the Mercator Institute for China Studies in Germany, said they are watching how the government will balance two major prerogatives: economic growth and social equity.
Local governments are heavily in debt, with multiple cities suspending transit services because they could not afford to keep running them. In February last year, the city of Shangqiu, home to more than 7 million people, temporarily shut down bus lines.
“There may be a bit of a shift, does the central government issue more debt to local government so they can run their services?” Davey said. The trade off will be between vast resources poured into science and tech development, areas deemed vital to national security, and social services.
Investors will be on the lookout for indications that the government, having increased its control over the economy, will take any steps to create a more favorable environment for private companies.
Then, there is the real estate market. In April, the government announced policies that signaled a shift in its approach by funding direct purchases of unsold homes.
“A notable first-half shift in China’s property stance,” said Yifan Hu, chief investment officer for greater China at UBS bank, in a statement. “This ongoing pressure underscores the need for additional easing, which we think will be forthcoming given the supportive policy tone.”


Trump says he’s considering ways to serve a third term as president

Trump says he’s considering ways to serve a third term as president
Updated 4 sec ago
Follow

Trump says he’s considering ways to serve a third term as president

Trump says he’s considering ways to serve a third term as president
  • US presidents are limited to two four-year terms, but Trump suggested that Americans would go along with a third term because of his popularity
  • He falsely claimed to have “the highest poll numbers of any Republican for the last 100 year,” a record held by George W. Bush

US presidents are limited to two four-year terms, but Trump suggested that Americans would go along with a third term because of his popularity

He falsely claimed to have “the highest poll numbers of any Republican for the last 100 year,” a record held by George W. Bush


WEST PALM BEACH, Florida: President Donald Trump said Sunday that “I’m not joking” about trying to serve a third term, the clearest indication he is considering ways to breach a constitutional barrier against continuing to lead the country after his second term ends in early 2029.
“There are methods which you could do it,” Trump said in a telephone interview with NBC News from Mar-a-Lago, his private club.
He also said “it is far too early to think about it.”
The 22nd Amendment, added to the Constitution in 1951 after President Franklin D. Roosevelt was elected four times in a row, says “no person shall be elected to the office of the President more than twice.”
Any attempt to remain in office would be legally suspect and it is unclear how seriously he might pursue the idea. The comments nonetheless were an extraordinary reflection of the desire to maintain power by a president who had violated democratic traditions four years ago when he tried to overturn the election he lost to Democrat Joe Biden.
NBC’s Kristen Welker asked Trump if one potential avenue to a third term was having Vice President JD Vance run for the top job and “then pass the baton to you.”
“Well, that’s one,” Trump responded. “But there are others too. There are others.”
“Can you tell me another?” Welker asked.
“No,” Trump replied.
Vance’s office did not immediately respond to a request for comment from The Associated Press.
Derek Muller, a professor of election law at Notre Dame, noted that the 12th Amendment, which was ratified in 1804, says “no person constitutionally ineligible to the office of President shall be eligible to that of Vice President of the United States.”
Muller said that indicates that if Trump is not eligible to run for president again because of the 22nd Amendment, he is not eligible to run for vice president, either.
“I don’t think there’s any ‘one weird trick’ to getting around presidential term limits,” Muller said.
In addition, pursuing a third term would require extraordinary acquiescence by federal and state officials, not to mention the courts and voters themselves.
He suggested that Trump is talking about a third term for political reasons to “show as much strength as possible.”
“A lame-duck president like Donald Trump has every incentive in the world to make it seem like he’s not a lame duck,” he said.
Trump, who would be 82 at the end of his second term, was asked whether he would want to keep serving in “the toughest job in the country” at that point.
“Well, I like working,” the president said.
He suggested that Americans would go along with a third term because of his popularity. He falsely claimed to have “the highest poll numbers of any Republican for the last 100 years.”
Gallup data shows President George W. Bush reaching a 90 percent approval rating after the attacks on Sept. 11, 2001. His father, President George H.W. Bush, hit 89 percent following the Gulf War in 1991.
Trump has maxed out at 47 percent in Gallup data during his second term, despite claiming to be “in the high 70s in many polls, in the real polls.”
Trump has mused before about serving longer than two terms before, generally with jokes to friendly audiences.
“Am I allowed to run again?” he said during a House Republican retreat in January.
Representatives for the congressional leadership — House Speaker Mike Johnson, R-Louisiana, House Democratic leader Hakeem Jeffries of New York, Senate Majority Leader John Thune, R-S.D., and Senate Democratic leader Chuck Schumer of New York — did not immediately respond to requests for comment from the AP.


Putin congratulates Russian Muslims on Eid Al-Fitr

Putin congratulates Russian Muslims on Eid Al-Fitr
Updated 48 min 42 sec ago
Follow

Putin congratulates Russian Muslims on Eid Al-Fitr

Putin congratulates Russian Muslims on Eid Al-Fitr
  • Russian president also acknowledged the contributions of Muslim organizations to the nation’s public and spiritual life

MOSCOW: Russian President Vladimir Putin extended his congratulations on Sunday to the country’s Muslim community on the occasion of Eid Al-Fitr, which marks the end of the holy month of Ramadan.

In a message published on the website of the Central Spiritual Directorate of Muslims of Russia, Putin highlighted the significance of the holiday, describing it as a time of “spiritual growth, kindness, and compassion.”

According to a report by Russian state news agency TASS, the Russian president also acknowledged the contributions of Muslim organizations to the nation’s public and spiritual life, praising their involvement in charitable, educational, and patriotic initiatives.

Russian Prime Minister Mikhail Mishustin also issued a statement congratulating Muslims on the occasion.

Eid Al-Fitr is one of the most important celebrations in Islam, observed by millions of Muslims worldwide with prayers, feasts, and acts of charity.


3 sailors missing off Ghana in suspected pirate attack

The assailants rounded up members of the crew and sent others into hiding. (AFP file photo)
The assailants rounded up members of the crew and sent others into hiding. (AFP file photo)
Updated 56 min 33 sec ago
Follow

3 sailors missing off Ghana in suspected pirate attack

The assailants rounded up members of the crew and sent others into hiding. (AFP file photo)
  • In 2022, a UN Security Council resolution co-sponsored by Ghana and Norway was issued to condemn the spike in piracy in the Gulf of Guinea

ACCRA: Three Chinese nationals are missing after their vessel came under a “suspected pirate attack” off the coast of Ghana, authorities said over the weekend.
The apparent kidnapping is the latest in the Gulf of Guinea, an area off the Atlantic coast of Africa whose waters — rich in hydrocarbons and fisheries — stretch across several jurisdictions, including those of countries with limited naval and coast guard capacities.
Just before 6 p.m. on Thursday, seven armed people boarded the Mengxin I vessel in Ghanaian waters and fired warning shots, the Ghanaian military said in a statement.

BACKGROUND

In 2022, a UN Security Council resolution co-sponsored by Ghana and Norway was issued to condemn the spike in piracy in the Gulf of Guinea.

The assailants rounded up members of the crew and sent others into hiding.
By the time the attackers departed three hours later, the captain, chief mate, and chief engineer — all Chinese nationals — were missing, according to the statement, dated Saturday.
They are “suspected of being kidnapped by the attackers,” it said.
Ghanaian authorities are sharing information with other members of the West African regional bloc ECOWAS, it added.
In 2022, a UN Security Council resolution co-sponsored by Ghana and Norway was issued to condemn the spike in piracy in the Gulf of Guinea.
A study published in 2021 by the Stable Seas research institute found that pirate groups, mostly in the Niger Delta, can earn around $5 million per year through theft and hostage-taking.
That same year, a Danish naval patrol killed four pirates in an exchange of fire off the coast of Nigeria.

 


Cholera outbreak in Angola has claimed more than 300 lives: WHO

Cholera outbreak in Angola has claimed more than 300 lives: WHO
Updated 30 March 2025
Follow

Cholera outbreak in Angola has claimed more than 300 lives: WHO

Cholera outbreak in Angola has claimed more than 300 lives: WHO
  • Cholera is an acute intestinal infection that spreads through food and water contaminated with the bacterium vibrio cholerae, often from feces. It causes severe diarrhea, vomiting, and muscle cramps

GENEVA: Angola’s cholera outbreak has now claimed 329 lives, the World Health Organization said Saturday, warning that the risk of further transmission in the country and surrounding areas was “very high.”
Angola has been experiencing a substantial cholera outbreak since January, with a total of 8,543 cases as of March 23.
Angola struggles with high poverty rates and poor sanitation despite its oil wealth.
The WHO said the outbreak had rapidly spread to 16 out of Angola’s 21 provinces, affecting people of all age groups, with the highest burden among those under 20.
“The Ministry of Health, with support from WHO and partners, is managing the cholera outbreak response through case detection, deployment of rapid response teams, community engagement and a vaccination campaign,” the UN health agency said.
“Given the rapidly evolving outbreak, ongoing rainy season, and cross-border movement with neighboring countries, WHO assesses the risk of further transmission in Angola and surrounding areas as very high.”
Namibia, Angola’s southern neighbor, recorded its first case of cholera in nearly a decade, the African Union’s health agency said earlier this month.  The 55-year-old woman recovered and was discharged from the hospital.
Cholera is an acute intestinal infection that spreads through food and water contaminated with the bacterium vibrio cholerae, often from feces.
It causes severe diarrhea, vomiting, and muscle cramps.
Cholera can kill within hours when not attended to, though it can be treated with simple oral rehydration and antibiotics for more severe cases.
There has been a global increase in cholera cases and their geographical spread since 2021.
Between Jan. 1 and March 23 this year, a total of 93,172 cases and 1,197 deaths were reported across 24 countries, with 60 percent of the cases in Africa, the WHO said.

 


Niger withdraws from Lake Chad military force fighting terrorist groups

Niger withdraws from Lake Chad military force fighting terrorist groups
Updated 30 March 2025
Follow

Niger withdraws from Lake Chad military force fighting terrorist groups

Niger withdraws from Lake Chad military force fighting terrorist groups
  • The ensuing conflict, which has drawn in other extremist groups, has killed over 40,000 people and displaced around two million, causing one of the world’s worst humanitarian crises

NIAMEY: Niger has withdrawn from the military coalition fighting terrorist groups in the Lake Chad region of west-central Africa, saying it will focus instead on protecting its oil operations from attacks.
The announcement comes amid rising tensions between the four countries bordering Lake Chad since a 2023 coup by Niger’s military.
In a bulletin read on state TV, the army said the operation under the Multinational Joint Task Force, active since 2015, would now be called “Nalewa Dole” following Niger’s withdrawal.
The move “reflects a stated intent to reinforce security for oil sites,” the bulletin stated, without further elaboration.
The four countries that surround Lake Chad — Cameroon, Chad, Niger and Nigeria — have been battling insurgencies since 2009, after a spate of violent campaigns by the Boko Haram group in Nigeria’s northeast spilled into its neighbous.
The ensuing conflict, which has drawn in other extremist groups, has killed over 40,000 people and displaced around two million, causing one of the world’s worst humanitarian crises.
But since the July 2023 coup, Niger’s military junta has accused Nigeria of supporting foreign forces in a bid to destabilize it, which Abuja denies.
Oil infrastructure in southeast Niger meanwhile, in particular a pipeline leading from the landlocked country to Benin, regularly face attacks by armed groups.
The governor of Niger’s Diffa region, General Ibrahim Bagadoma, said at a regional summit in February that “The problem is that some are making efforts, while others are undermining them. We must present a united front and end foreign regional interferences.”
Late last year, Chad had threatened to withdraw from the Joint Task Force after an attack killed around 40 of its soldiers, citing an “absence of mutualized efforts.”