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China’s Xi pushes for another term, despite chaos in country

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Despite China’s increasing economic and geopolitical issues, leader Xi Jinping is pushing for another term at the top job

At the upcoming  20th National Congress, President Xi is expected to hold onto authority.

This means the Communist Party leader would remain as President for another 5 years.

The move has never been done before by a Chinese leader. However, comes as no surprise because it was Xi that scrapped the presidential term limits. This has made his road to power an unchallenged breeze.

However, the move comes amid rising tensions in China as Covid cases surge, businesses crumble and international tensions boil over.

China continues to strive for it zero-covid policy, despite the rest of the world learning to live with the virus. Recent outbreaks in the country have forced millions of its residents into lengthy lockdowns.

Economically, businesses are struggling to survive off the back of the prolonged lockdowns. The people of China are beginning the struggle with the cost of living, unable to enjoy the normal pleasures of life in the country.

More broadly, tensions in Taiwan and China’s mission to reunify the region have caused geopolitical tensions.

The past few months have been anything but smooth sailing for President Xi, although the chaos has not dampened his mission to remain in power.

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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News

Apple’s iPhone 16 event puts AI back into the spotlight

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Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

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Leaders

Philadelphia prepares for the first debate between Harris & Trump

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Philadelphia is bracing for a pivotal political showdown as it prepares to host the highly anticipated debate between Vice President Kamala Harris and former President Donald Trump.

The debate is seen as a critical moment in shaping public opinion ahead of the upcoming elections, drawing intense media coverage and public interest. #featured #trending

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