Xi Jinping presides over Central Finance and Economics Committee meeting for first time after 20th National Congress

2023-05-06 03:45:23

Chinese President Xi Jinping speaks with Chinese Premier Li Qiang during the Fifth Plenary Session of the National People’s Congress in Beijing, March 12, 2023. (Lintao Zhang/Getty Images)

[The Epoch Times, May 06, 2023](Reported by Epoch Times reporter Ning Haizhong) After the 20th National Congress of the Communist Party of China, Xi Jinping presided over the meeting of the Central Finance and Economics Committee for the first time. leadership”. Analysts believe that the official media reports show two anomalies.

According to the news from CCTV yesterday (May 5), on the followingnoon of the 5th, Xi Jinping, who is also the director of the Central Finance and Economics Commission, presided over the first meeting of the 20th Central Finance and Economics Commission. Li Qiang, deputy director of the Central Financial and Economic Commission, Cai Qi, a member of the Central Financial and Economic Commission, and Ding Xuexiang, a member of the Central Financial and Economic Commission, attended the meeting.

This is the first appearance of the 20th Central Financial and Economic Commission of the Communist Party of China.

In March 2018, the CCP authorities upgraded the “Central Finance and Economics Leading Group” to the “Central Finance and Economics Committee”. The director of the Central Finance and Economics Commission was Xi Jinping, the deputy director was Li Keqiang, then Premier, and the members included Wang Huning, then Secretary of the Central Secretariat, and Han Zheng, then Vice Premier.

According to official reports, the meeting of the Central Finance and Economics Commission on May 5 first emphasized the so-called “strengthening the party’s leadership over economic work,” and called the Central Financial and Economic Commission an “important institutional arrangement for the Party Central Committee to lead economic work.” The meeting also reviewed and approved the “Central Financial and Economic Commission Working Rules” and “Central Financial and Economic Commission Office Working Rules”.

Current affairs commentator Li Linyi analyzed to The Epoch Times on May 6 that compared with the first meeting of the previous Central Financial and Economic Commission on April 2, 2018, there are two obvious differences:

“The first is that this time the strengthening of the party’s leadership was specifically mentioned at the forefront. Compared with when Li Keqiang was there, this part was put at the end of the first meeting of the previous session. I don’t know if it was because there were different opinions and resistance at the top level. Because if the strengthening of the party’s leadership was mentioned at the beginning, it would be tantamount to directly depriving Li Keqiang of all economic power, and Li Keqiang would be unhappy. Now he will strengthen the party’s leadership and let it go directly, because the new prime minister Li Qiang himself is positioned as Xi’s follower. If you entrust the practice, you will have no scruples.”

Li Linyi pointed out the second difference. In addition to revising the “Central Finance and Economics Commission Working Rules” as in the previous session, the “Central Finance and Economics Commission Office Working Rules” were also passed this time. He thinks this shows that Xi Jinping is now starting to smooth the financial system.

“It is estimated that they also discovered during the operation that there was no “Working Rules for the Office of the Central Financial and Economic Commission” before, and the entire committee seemed to be suspended, just idling on the upper floor. The design of the top floor may also have factors of Li Keqiang’s secret resistance.”

He believes that Xi Jinping’s current goal is to fully realize the party’s control of the economy, but this is an empty practice, and laymen control experts, which is actually accelerating the downfall of the Communist Party.

In addition, the economic content of the latest Finance and Economics Committee meeting mentioned that “we must insist on focusing on the real economy and prevent the real economy from becoming virtual.”

Li Linyi said that the real economy mainly refers to the manufacturing industry. From this point of view, the recent boom in the barbecue industry may be considered crooked by the top management. However, the authorities must insist on focusing on the real economy and prevent the real economy from becoming virtual, which is actually impossible. Wait for transformation.”

Responsible editor: Li Qiong#


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