Change of power and scandals: china's kp ahead of party congress

Leaders

In the run-up, the central committee met on thursday to prepare for the change of power and to hear the results of the disciplinary commission’s investigations into ousted political bureau member bo xilai and sacked railroad minister liu zhijun.

Behind closed doors, the 370 or so members of the high party committee also discussed the report of outgoing party leader hu jintao and planned changes to the party constitution, which are to be submitted to the more than 2,200 delegates for approval. The party congress, which only takes place every five years, is expected to last a week. It is still unclear when the final day will be. In the end, the new political bureau and its powerful standing committee are approved.

Current vice president xi jinping (59) will take over as party leader from 69-year-old hu jintao, who is being replaced for age reasons. There was fierce wrangling until the very end over the new appointments to the inner circle of leaders. Whether the standing committee of the political bureau will again have nine members, as in the past, or only seven or even five, in order to make it more effective, is still an open question.

The generational change in party leadership will be followed by a change in government next march. Today’s vice premier li keqiang (57) to replace today’s prime minister wen jiabao (70). New party leader xi jinping also to become president in march. Due to the recent corruption traps, the preparations for the change of power, which had been planned for years, went anything but smoothly.

The fall of political star bo xilai, who had good prospects of ascending to the party leadership, led the party into the worst crisis in its recent history. At its meeting, the central committee will approve the political bureau’s decision to expel the former party chief of chongqing from the party as well. The politician, who had pursued a revival of revolutionary values, still enjoys support among left-wing conservative forces.

Bo xilai to be tried for corruption and abuse of office. His wife was sentenced to death by preservation in august for the murder of friend british businessman neil heywood. The report by the disciplinary commission, which investigates party members in china even before the public prosecutor’s office, also deals with the accusations against railroad minister liu zhijun, who was dismissed in february 2011. He allegedly enriched himself by spending billions on the rapid expansion of china’s high-speed rail network.

What changes to the party constitution are planned was not announced at the beginning of the central committee meeting. The meeting was allowed to last two to three days.

April 24, 2023 by admin 0Comments

They criticize above all the brexit course and the handling of anti-semitic tendencies in the coarse opposition party. The deputies now formed an "independent group" in parliament and called on other politicians to join them. The split is seen as a symptom of a wider crisis in the british party system.

In a reaction, corbyn expressed "disappointment" at the resignation. "The conservative government is bungling the brexit while labor has presented a credible and unifying plan," the opposition leader said, according to a news release.

The resignation of the charismatic member of parliament, chuka umunna, hit the british social democrats particularly hard. He is considered a young star in his party and leads a group calling for a second brexit referendum. "We got rid of the old-fashioned politics of this country and created an alternative," umunna said at a press conference in london.

In addition to umunna, the seven deputies include luciana berger, chris leslie, angela smith, gavin shuker, mike gapes and ann coffey. According to the british news agency PA, they are overwhelmingly in favor of a second brexit referendum. It was unclear at first whether the deputies who had left wanted to found a party in the long term. The chances of success are considered modest.

The electoral system in great britain, which only knows the direct mandate, favors the two coarse parties. Smaller parties find it extremely difficult to win seats in parliament. But both major parties are finding it increasingly difficult to win a clear majority in government.

In addition, both labor and the tories have moved from the political center to the respective extremes. Among the conservatives, it’s the brexit hardliners who are now setting the tone. In labor, the left-wing fringe is now in control. Many moderate deputies in both parties are dissatisfied with it.

The crisis is particularly evident in the dispute over brexit. Parliament is unable to agree on a course of action. The danger of a disorderly exit from the EU on 29 june. Marz rises.

It has long been feared that labor could break apart. Opinions on corbyn, who is aiming for a new election, vary widely. Many accuse the old leftist of not taking a clear position for too long in the dispute over leaving the EU. He is accused of lack of enthusiasm for the EU. He has many supporters among young voters, who he has attracted to the party in droves.

Corbyn recently promised prime minister theresa may his party’s support if she accepted a customs union and a link to the eu single market on brexit. May rejected this outright. Great britain wants to leave the european union in just under six weeks – on 29. Marz – left.

In addition, accusations of anti-semitism have been leveled against corbyn and his party for years. Last summer, he publicly admitted in a video that disciplinary proceedings against anti-semitic party members had been pursued too slowly and timidly. Critics also accuse the 69-year-old of unilateral support for the palastinians in the middle east conflict.

Michael georg link, the european policy spokesman of the FDP parliamentary group in the bundestag, sees the party resignations at labor as "a receipt for jeremy corbyn’s selfish brexit policy, which subordinates everything else to his personal ambitions.". However, he hopes that this will provide a new impetus for the deadlocked debate on the brexit.

June 27, 2023 by admin 0Comments

Dax loses third day in a row

The situation was similar for the mdax mid-cap index, which ultimately rose by only 0.30 percent to 25 percent.565.31 points dropped.

The only thing that eased the tensions in late trade were statements by U.S. President donald trump, who once again raised hopes of an end to the U.S.-china trade dispute. He also denied the accusation that he had asked his ukrainian counterpart volodymyr selenskyj in a telephone conversation to initiate investigations to the detriment of joe biden. Biden is the most promising democratic presidential contender for the 2020 election. These are now preparing for impeachment proceedings against trump.

"The stock market is becoming increasingly grim," commented the authors of the daily bernecker-borsenbrief. After the "joyous" mood of the past few weeks, weak european purchasing managers’ indices on monday triggered the current poor sentiment. Although the major central banks were taking steps to counter the less than encouraging economic outlook with a more relaxed monetary policy. The truthers, however, had to be "increasingly careful not to become driven by the market".

Europe’s stock markets were also in a selling mood: the euro zone’s leading index, the eurostoxx 50, lost 0.54 percent to 3513.03 numer. In paris, prices also fell, while the market in london closed almost unchanged. Meanwhile, the leading new york index, the dow jones industrial, was half a percent firmer at the end of european trading.

On the german stock market, pfeiffer vacuum was another company to lower its annual targets – for the second time in two months. With a slump of around 21 percent, the shares of the vacuum pump manufacturer were the worst performer in the sdax small cap index.

On the dax, continental did comparatively well with a minimal price gain. The auto supplier and tire manufacturer plans to defy the sector crisis with job cuts and cost reductions.

In view of the change of leadership at the ailing industrial and steel group thyssenkrupp, a slightly positive interpretation finally prevailed: the shares, which had been relegated to the mdax, closed moderately higher. CEO guido kerkhoff to leave after just one year in office, according to mabb’s supervisory board. The helm is now to be taken over temporarily by the current chairwoman of the supervisory board, martina merz.

Mdax leader was osram with a share price increase of over two percent. The takeover battle for the lighting specialist continues: financial investor bain capital now wants to outbid the semiconductor group AMS with financial investor advent as a new partner.

Headlines were also made by the rough german technology borsengang since the bursting of the dotcom bubble at the turn of the millennium. However, the shares of teamviewer, a manufacturer of software for computer remote maintenance and video conferencing, disappointed on their first day of trading: the closing price of 25.30 euros was well below the issue price of 26.25 euros.

In the bond market, the yield on circulation fell from minus 0.56 percent to minus 0.60 percent. The rex index rose by 0.11 percent to 146.14 points. The bund future lost 0.44 percent to 174.07 numerator. The euro exchange rate fell to 1.0943 U.S. Dollars the european central bank (ECB) had previously set the reference rate at 1.0982 dollars.

May 16, 2023 by admin 0Comments

Change of power and scandals: china’s kp ahead of party congress

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