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
Recent Comments