China’s 19th Communist Party Congress

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    Will be watching this will it be akin to the ’emperor needs news clothes’?


    BlackRock Global Chief Investment Strategist Richard Turnill says:

    Yet we believe the key party congress this week will likely serve as a prelude for deeper reforms

    Helmholtz Watson

    China’s President Xi opens the 19th National Party Congress


    Will let the market play a decisive role in resource allocation
    One-China principle’ must be adhered to
    Need to deepen reforms
    Zero tolerance for corruption within the party


    Xi Jinping, general secretary of the CPC Central Committee, report to the Congress.

    The theme of the Congress is to “remain true to our original aspiration and keep our mission firmly in mind, hold high the banner of socialism with Chinese characteristics, secure a decisive victory in building a moderately prosperous society in all respects, strive for the great success of socialism with Chinese characteristics for a new era, and work tirelessly to realize the Chinese Dream of national rejuvenation.” The original aspiration and the mission of Chinese Communists are to seek happiness for the Chinese people and rejuvenation for the Chinese nation.

    China is still in an important period of strategic opportunity for development. The prospects are bright but the challenges are severe. We will unite the Chinese people of all ethnic groups and lead them to a decisive victory in building a moderately prosperous society in all respects and in the drive to secure the success of socialism with Chinese characteristics for a new era.

    Historic shifts have been made in the cause of the Communist Party of China and the country in the past five years.

    China’s GDP rose from 54 trillion yuan to 80 trillion yuan (about US$12.1 trillion) over the past five years.

    More than 60 million people have been lifted out of poverty over the past five years.

    Xi attributed the achievements to “the strong leadership of the Party Central Committee, and, more importantly, the result of all Party members and all the Chinese people pulling together in their pursuit.”

    The principal contradiction facing Chinese society has evolved, as socialism with Chinese characteristics has entered a new era. What we now face is the contradiction between unbalanced and inadequate development and the people’s ever-growing needs for a better life.

    Without the leadership of the Communist Party of China, national rejuvenation would just be “wishful thinking.”

    We must keep on strengthening the Party’s ability to lead politically, to guide through theory, to organize the people, and to inspire society, thus ensuring that the Party’s great vitality and strong ability are forever maintained.

    The Party has been guided by Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development. The CPC has adopted an entirely new perspective to deepen its understanding of the laws that underlie governance by the Communist Party, the development of socialism, and the evolution of human society. The Party has undertaken theoretical explorations and achieved major theoretical innovations, ultimately giving shape to the Thought on Socialism with Chinese Characteristics for a New Era.


    The Thought makes clear that the overarching goal of upholding and developing socialism with Chinese characteristics is to realize socialist modernization and national rejuvenation.

    On the basis of finishing the building of a moderately prosperous society in all respects, a two-step approach should be taken to build China into a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful by the middle of the century.

    It makes clear that the principal contradiction facing Chinese society in the new era is that between unbalanced and inadequate development and the people’s ever-growing needs for a better life. It stresses the people-centered philosophy of development, and well-rounded human development and common prosperity for everyone.

    It makes clear that the overall plan for building socialism with Chinese characteristics is the five-sphere integrated plan, and the overall strategy is the four-pronged comprehensive strategy. It highlights the importance of fostering stronger confidence in the path, theory, system, and culture of socialism with Chinese characteristics.

    It makes clear that the overall goal of deepening reform in every field is to improve and develop the system of socialism with Chinese characteristics and modernize China’s system and capacity for governance.

    It makes clear that the overall goal of comprehensively advancing law-based governance is to establish a system of socialist rule of law with Chinese characteristics and build a country of socialist rule of law.

    It makes clear that the Party’s goal of building a strong military in the new era is to build the people’s forces into world-class forces that obey the Party’s command, can fight and win, and maintain excellent conduct.

    It makes clear that major country diplomacy with Chinese characteristics aims to foster a new type of international relations and build a community with a shared future for mankind.

    It makes clear that the CPC leadership is defining feature of socialism with Chinese characteristics and the greatest strength of the system of socialism with Chinese characteristics; the Party is the highest force for political leadership. The Thought sets forth the general requirements for Party building in the new era and underlines the importance of political work in Party building.

    The Thought builds on and further enriches Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development. It represents the latest achievement in adapting Marxism to the Chinese context.


    China’s economy has been transitioning from a phase of rapid growth to a stage of high-quality development.

    Stressing it is imperative that China develop a modernized economy, he described supply-side structural reform as the main task, and urged more efforts for better quality, higher efficiency, and more robust drivers of economic growth.

    Xi called for raising total factor productivity and accelerating the building of an industrial system that promotes coordinated development of the real economy with technological innovation, modern finance, and human resources.

    We should endeavor to develop an economy with more effective market mechanisms, dynamic micro-entities, and sound macro-regulation.

    Openness brings progress, while self-seclusion leaves one behind. China will not close its door to the world, and it will only become more and more open.

    China’s socialist democracy is the broadest, most genuine, and most effective democracy to safeguard the fundamental interests of the people. The very purpose of developing socialist democracy is to give full expression to the will of the people, protect their rights and interests, spark their creativity, and provide systemic and institutional guarantees to ensure the people run the country.

    We should not just mechanically copy the political systems of other countries.

    The CPC stresses the unity of Party leadership, the people running the country, and law-based governance. Party leadership is the fundamental guarantee for ensuring that the people run the country and governance in China is law-based; that the people run the country is an essential feature of socialist democracy; and law-based governance is the basic way for the Party to lead the people in governing the country. The system of people’s congresses must be upheld and improved to ensure the people’s exercise of state power.

    The essence of the people’s democracy is that the people get to discuss their own affairs.

    A coordinated approach will be adopted to promote consultations carried out by political parties, people’s congresses, government departments, Chinese People’s Political Consultative Conference (CPPCC) committees, people’s organizations, communities, and social organizations.

    Advancing law-based governance in all fields is a profound revolution in China’s governance. The CPC must promote the rule of law to ensure sound lawmaking, strict law enforcement, impartial administration of justice, and the observance of law by everyone. The CPC will set up a central leading group for advancing law-based governance in all areas. The move is aimed at exercising unified leadership over the initiative to build rule of law in China. The CPC will strengthen oversight to ensure compliance with the Constitution, advance constitutionality review, and safeguard the authority of the Constitution.

    The political system of socialism with Chinese characteristics is a great creation of the CPC and the Chinese people. We have every confidence that we can give full play to the strengths and distinctive features of China’s socialist democracy, and make China’s contribution to the political advancement of mankind.

    The modernization that we pursue is one characterized by harmonious coexistence between man and nature. In addition to creating more material and cultural wealth to meet people’s ever-increasing needs for a better life, we need also to provide more quality ecological goods to meet people’s ever-growing demands for a beautiful environment.

    Helmholtz Watson

    Quite the speech – clearly the manifesto is one of justification and circling of the wagons – Onward Chairman Xi


    The modernization that we pursue is one characterized by harmonious coexistence between man and nature. In addition to creating more material and cultural wealth to meet people’s ever-increasing needs for a better life, we need also to provide more quality ecological goods to meet people’s ever-growing demands for a beautiful environment.

    1. To promote green development.
    2. To solve prominent environmental problems.
    3. To intensify the protection of ecosystems.
    4. To reform the environmental regulation system.

      China will establish regulatory agencies to manage state-owned natural resource assets and monitor natural ecosystems.

      China will develop a nature reserves system composed mainly of national parks.

    The CPC will build a powerful and modernized army, navy, air force, rocket force, and strategic support force, develop strong and efficient joint operations commanding institutions for theater commands, and create a modern combat system with distinctive Chinese characteristics.

    Xi said that by 2020, mechanization will be basically achieved, and the modernization of national defense and armed forces should be basically completed by 2035.

    The CPC will speed up development of intelligent military, and improve combat capabilities for joint operations based on network information system and the ability to fight under multi-dimensional conditions.[hr]

    The policy of “one country, two systems” is the best solution to the questions of Hong Kong and Macao, and has proved to be the best institutional guarantee for the long-term prosperity and stability of Hong Kong and Macao after their return.

    The governments and chief executives of both regions will be supported to advance democracy with well-ordered steps, maintain law and order, and fulfill the constitutional responsibility of safeguarding China’s sovereignty, security, and development interests.

    We will continue to support Hong Kong and Macao in integrating their own development into the overall development of the country.

    The priority will be given to the development of the Guangdong-Hong Kong-Macao Greater Bay Area; cooperation between Guangdong, Hong Kong, and Macao; and regional cooperation in the pan-Pearl River Delta.

    Policies will be improved to make it more convenient for the people from Hong Kong and Macao to pursue career development on the mainland.

    Patriots should play “the principal role” as the Hong Kong people govern Hong Kong and the Macao people govern Macao.

    We will develop and strengthen the ranks of patriots who love both our country and their regions, and foster greater patriotism and a stronger sense of national identity among the people in Hong Kong and Macao.

    The 1992 Consensus embodies the one-China principle and defines the fundamental nature of cross-Straits relations.

    Recognize the historical fact of the 1992 Consensus and that the two sides both belong to one China, and then our two sides can conduct dialogue to address through discussion the concerns of the people of both sides, and no political party or group in Taiwan will have any difficulty conducting exchanges with the mainland.

    We are ready to share development opportunities on the mainland with our Taiwan compatriots first.

    We will ensure that over time, people from Taiwan will enjoy the same treatment as local people when they pursue their studies, start businesses, seek jobs, or live on the mainland, thus improving the wellbeing of Taiwan compatriots. People from both sides are encouraged to work together to promote Chinese culture and forge closer bonds between them.

    We stand firm in safeguarding the nation’s sovereignty and territorial integrity, and will never allow the historical tragedy of national division to repeat itself.

    We have the resolve, confidence and ability to defeat separatist attempts for “Taiwan independence” in any form.

    We will never allow anyone, any organization, or any political party, at any time or in any form, to separate any part of Chinese territory from China.

    Xi called on all countries to work together for a clean and beautiful world and tackle climate change through cooperation.

    He called on the people of all countries to work together to build a community with a shared future for mankind, to build an open, inclusive, clean, and beautiful world that enjoys lasting peace, universal security, and common prosperity.

    Xi proposes that all countries in the world be good friends to the environment, cooperate to tackle climate change, and protect the planet for the sake of human survival.

    China remains firm in pursuing an independent foreign policy of peace.

    China will never pursue development at the expense of others’ interests, and will never give up its legitimate rights and interests. No one should expect China to swallow anything that undermines its interests.

    China pursues a defensive national defense policy. China’s development does not pose a threat to any other country. China will never seek hegemony or engage in expansion no matter what stage of development it reaches.[hr]

    China has actively developed global partnerships and expanded the convergence of interests with other countries.

    The Communist Party of China will secure a sweeping victory in its fight against corruption to avoid the historical cycle of rise and fall.

    The fight against corruption never ends and currently remains grave and complex. We must remain as firm as a rock in our resolve to build on the overwhelming momentum and secure a sweeping victory. Both those who take bribes and those who offer them will be punished and interest groups will be prevented from arising within the Party.

    Wherever offenders may flee, they shall be brought back and brought to justice.

    The CPC will work for the adoption of national anti-corruption legislation and create a corruption reporting platform that covers both disciplinary inspection commissions and supervision agencies.

    The CPC will enhance deterrence so that officials dare not commit corruption, strengthen the institutional cage so that they have no way to commit corruption, and raise their consciousness of staying away from corruption.

    We will deepen reform of the national supervision system, conduct trials throughout the country, and establish supervisory commissions at the national, provincial, city, and county levels, which share offices and work together with the Party’s disciplinary inspection commissions. This will ensure that supervision covers everyone in the public sector who exercises public power. A national supervision law will be formulated. Supervisory commissions will be given responsibilities, powers, and means of investigation in accordance with law. The practice of “shuanggui” will be replaced by detention. (“Shuanggui” refers to a form of intraparty disciplinary action that requires a Party member under investigation to cooperate with questioning at a designated place and a designated time.)

    A more powerful synergy for oversight will be created by integrating intra-Party oversight with oversight by state organs, democratic oversight, judicial oversight, public oversight, and oversight through public opinion.


    Who knew that China was so caring for the environment and it’s people?


    Apparently Xi Jinping speech was nearly three-and-a-half hours straight!


    It is an EXTREMELY important speech
    in fact, the President of China’s speech, economically speaking …is better to read/listen to than any other elected leader. The reason why is because, an elected leader, for example the US presidents speech (Article II, Section 3 of the U.S. Constitution) carries little weight on economic policy because Congress is usually dividend. Same with Canada, even with a Majority government – the Prime Minister is hesitant to force bills through….. President of China, what they say, goes.

    [quote=”TradersCom” post=2458]Apparently Xi Jinping speech was nearly three-and-a-half hours straight![/quote]

    Super Harley

    True democracy v. Communism …

    Helmholtz Watson

    One consolation is that the nucleus of the regime will be fresh going forward … ok I was at the bar having another scotch sorry.


    its been a long time since any country has had true democracy
    we going back to the early years of the USA

    [quote=”Super Harley” post=2467]True democracy v. Communism …[/quote]

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