The Chinese Communist Party kicks off its 19th Party Congress, the political event that will determine the country’s leadership lineup and policy priorities for the next five years. Five of seven seats on the Politburo Standing Committee (PSC)—the senior-most CCP leadership—are expected to turn over, as is about half of the Politburo, the 25-member decision-making body that sits just below the PSC. Goldman anticipate the Congress will cement Xi Jinping’s absolute authority over the CCP and the country. And it raises the possibility that Xi could be paving the way to stay in power beyond two terms, in a break with historical norms.
For further information, please read the attachment (PDF)