China anoints Straya’s first emperor since Queen Victoria

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Via NYT:

China’s Communist Party has cleared the way for President Xi Jinping to stay in power, perhaps indefinitely, by announcing on Sunday that it wants to abolish the two-term limit on the presidency — a dramatic move that would mark the country’s biggest political change in decades.

The party leadership “proposed to remove the expression that the president and vice president of the People’s Republic of China ‘shall serve no more than two consecutive terms’ from the country’s Constitution,” Xinhua, the official news agency, reported.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.