Details Published on Tuesday 01 November 2022 08:01 Written by Radical Socialist
By PIERRE ROUSSET
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The 20th Congress of the Chinese Communist Party represents a very symbolic tipping point: the predicted break with the political order established at the turn of the 1980s and 1990s under the aegis of Deng Xiaoping has now been consummated. Xi Jinping has granted himself personal power unprecedented in the history of contemporary China.
The tipping point can also be understood in a more general sense. Under his previous terms of office, Xi Jinping’s China benefited from exceptionally favourable conditions for its growth and international expansion, to become the second biggest world power, far ahead of Russia. That is changing. It was at the heart of the market globalization that is flatlining today and is not recovering from the blow of the Covid-19 pandemic. Out-of-control inflation and financial instability raise fears of a full-blown recession. The United States is back in the Asia-Pacific after a long period of impotence in this region. The inter-imperialist conflict is sharpening on all terrains, including that of high technology (semiconductors). In this context, internal tensions are becoming increasingly difficult to manage.
Nothing indicates, at the end of the 20th Congress, that Xi Jinping has taken the measure of the problems, while he is busy consolidating his grip on the state. The ability of the regime to steer economic development has long been an important asset in China’s take-off. However, the new political regime shaped by Xi now risks proving to be a dangerous handicap.