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The Latest Breaking News from Politburo

Crude Moves Higher on Improved Prospects for Additional China Stimulus

September WTI crude oil (CLU23 ) on Tuesday closed up +0.89 (+1.13%), and Sep RBOB gasoline (RBU23 ) closed down -4.28 (-1.51%). Crude oil and gasoline prices Tuesday settled mixed, with crude posting a 3-month nearest-futures high. Crude found support Tuesday on optimism of stronger Chinese energy demand after China...

Barchart

Crude Gains on the Prospects for Additional China Stimulus

September WTI crude oil (CLU23 ) this morning is up +0.61 (+0.77%), and Sep RBOB gasoline (RBU23 ) is down -4.46 (-1.57%). Crude oil and gasoline prices this morning are mixed, with crude climbing to a 3-month nearest-futures high. Crude found support today after China signaled further measures to bolster...

Barchart

Can China’s Economic Policies Spark a Growth Rebound?

China’s Shanghai Composite Stock Index ($CHSC ) rallied by more than +2% today to a 1-week high as market sentiment improved after this week’s Politburo meeting laid out a pre-growth tone that was more dovish than markets expected. The Chinese Communist Party’s 24-member Politburo, the country’s top decision-making body led...

Barchart

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Dow Jones Extends Winning Streak, Asian Markets Rise On Chinese Economic Boost

US markets continue to climb, fueled by earnings reports and Fed meeting, while Chinese stocks surge on government support.

Zenger

Markets Today: Stocks Edge Higher as Earnings Season Ramps Up

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.04%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.29%. Stock indexes this morning are slightly higher ahead of a raft of mega-cap stock earnings results, with Microsoft and Alphabet due to report their first...

Barchart

Beijing to provide more economic support to boost sluggish post-pandemic recovery

Real estate and tech stocks in Hong Kong and China soared this Tuesday after a Politburo meeting signalled the government would provide more support to the economy. The July meeting is often seen as crucial in setting the tone for economic policy in the country. China says it is on…

France 24

Editorial: Russian roulette: Yevgeny Prigozhin’s Wagner Group rebellion sputters out but the Ukraine war continues

During the failed August 1991 putsch in Russia, the good guys were reformers Mikhail Gorbachev and Boris Yeltsin. The bad guys were an incompetent claque of the military and KGB within the Politburo and the rebellion fizzled when Yeltsin climbed on that tank in Moscow. The Kremlin’s nukes were kept…

Tribune News Service

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North Korea calls failed spy satellite launch 'the most serious' shortcoming, vows 2nd launch

A North Korean state media report says top officials have vowed to push for a second attempt to launch a spy satellite during a recently ended meeting of the ruling party

The Independent UK

Loyal and experienced, China's other top leaders take posts

With Chinese leader Xi Jinping receiving a norms-breaking third five-year term as president, the other six men who serve with him on the ruling Communist Party’s all-powerful Politburo Standing Committee are taking up their new portfolios

The Independent UK

China's other top leaders bring loyalty to Xi, experience

Six men sit alongside Chinese leader Xi Jinping on the ruling Communist Party’s all-powerful Politburo Standing Committee, handling major portfolios from propaganda to corruption fighting

The Independent UK

Editorial: How to Be Problem-Oriented in Institutional Reform

Reforms of governmental institutions should take into account of current economic challenges, such as shrinking demand, supply shocks and weakening expectations, and be driven by efficiency concerns and common values, including peace, development, equity, justice, democracy and freedom

Caixin Global

Kim Jong-un goes missing from public eye for 35 days ahead of huge military parade

North Korean leader Kim Jong-un has not been seen in public for 35 days - the second longest period ever while he has been in power - ahead of a major military parade this week

Daily Mirror

North Korea party meeting set to discuss 'urgent' food issue

North Korea has scheduled a major political conference to discuss the “urgent task” of improving its agricultural sector

The Independent UK

Vietnam succession battle heats up after president’s ouster

HANOI: Over the past few years, Vietnamese Communist Party Chief Nguyen Phu Trong has won praise from investors for removing corrupt officials. Now as some big names fall, it is becoming clear his campaign serves another purpose: strengthening his hand in choosing a successor.

Bangkok Post

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The Independent UK

Vietnamese president resigns, criticized for major scandals

Vietnam’s president has resigned, becoming the most senior member of the government to step down after a series of high-profile corruption scandals for which he was held responsible

Tribune News Service

Vietnam ousts most senior officials in years as probes spread

Vietnam dismissed two deputy prime ministers — the most senior officials to be relieved of duties since 2017 — amid lengthy investigations driven by a campaign to clean up corruption and protect the Communist Party’s legitimacy.

Tribune News Service

Chinese women found their voice in 2022. Is anyone listening?

Chinese women found a new voice to demand change in 2022. The government’s tentative response suggests tensions may only deepen in the coming year.

Caixin Global

Wang Tao: Key Takeaways From China’s Central Economic Work Conference

Stabilizing growth is the top priority, with measures to boost the real estate sector and a supportive tone for non-SOEs, foreign investors and online platforms

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The Independent UK

Jiang Zemin: Leader who guided China’s rise to economic power

Under Jiang’s tutelage, China had its longest period of stable economic growth under Communist rule

Reuters

China to optimise epidemic prevention and control next year -state media

China should optimise epidemic prevention and control measures next year as it seeks to better coordinate policies with economic and social development, state media reported on Wednesday, after a meeting of the Communist Party's politburo.

Caixin Global

Northwest Region Appoints Youngest Provincial Leader in China

Shaanxi’s governor Zhao Yide has been chosen as the province’s new party secretary

Foreign Affairs

Xi Jinping and the Paradox of Power

What Mao’s failures reveal about centralizing control.

Caixin Global

China Appoints Youngest Provincial Party Chief in Fujian

Zhou Zuyi, minister of human resources and social security, takes over from newly appointed Politburo member Yin Li

The Guardian - UK

Was Hu Jintao’s removal from China’s 20th party congress suspicious or not?

Incident has split China watchers with some saying former leader was unwell and others it was political purge by Xi Jinping

Tribune News Service

Biden team works on setting up Xi meeting as Chinese leader tightens grip

WASHINGTON — The U.S. won’t change its stance toward China as a result of Xi Jinping seizing more power in a key Communist Party congress, with advisers still trying to set up a meeting between President Joe Biden and the Chinese leader, U.S. officials said.

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