China Unveils Three Major Decisions Within Three Minutes

As the world focuses on the race for the White House, China unveiled three major decisions within three minutes of each other on Monday.
Among a raft of statements issued by the Standing Committee of the National People’s Congress, Beijing named a new finance minister, effectively barred a pair of elected Hong Kong ‘localists’ from office, and passed a cybersecurity law that may hamstring foreign companies in Asia’s biggest economy.
The news from the nation’s top legislative body followed a plenum of top Communist Party officials last month, where President Xi Jinping was declared the ‘core’ leader of China — a designation that boosted his authority.

This post was published at bloomberg