Bi-Weekly Geopolitical Report – Reflections on the 20th Party Congress (November 7, 2022)
by Bill O’Grady | PDF
(The Bi-Weekly Geopolitical Report will not be published in two weeks due to Thanksgiving. The report will return on December 12.)
The Communist Party of China’s (CPC) 20th Party Congress has come to a close. By all accounts, General Secretary Xi has tightened his grip on power. Not only has he secured a third term, breaking the pattern of a two-term limit informally implanted by Deng Xiaoping, but he has also filled his inner circle, the Standing Committee of the Politburo, and the Politburo itself, with loyalists.
In this report, we will offer our take on the meetings, including an examination of key speeches and a rundown of the new Standing Committee of the Politburo along with important figures within the Politburo. From there, we will examine our view of the possible direction of Chinese policy in General Secretary Xi’s third term. As always, we will conclude with market ramifications.