The tyrant reaffirms Common Prosperity

Friday 28 October 2022

Sinocism with a nice wrap of post-National Congress Chinese priorities. No rescues for old economic growth here.

The destination of the Standing Committee for its first group visit after a Party Congress is very important. These trips are designed to signal key themes for the years ahead.

Xi took the new Standing Committee on a pilgrimage to Yan’an. In 2017 he took them to the site of the first Party Congress meeting in Shanghai, and in 2012 he led the new team to the “Road towards Rejuvenation” exhibition in Beijing. The general themes from the 18th and 19th Standing Committee first visits in the Xi Era were:

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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.