History made in China as Xi Jinping to serve third term - breaking decades-long precedent

[Still Waters]

History has been made in China after it was confirmed that President Xi Jinping will remain in power - breaking with a decades-long precedent that limits the terms of Chinese leaders.

Having ruled China for 10 years already, he will now stay on for at least another five-year term - and he could, in theory, make himself leader for life.

The break with tradition makes him the most powerful leader in China since Chairman Mao and his vision has become increasingly unchallengeable.

https://news.sky.com/story/history-made-in-china-as-xi-jinping-to-serve-third-term-breaking-decades-long-precedent-12727977

[Scholar4Truth]

Which means more oppression for the Chinese people. 

[HandsomeGorilla]

And one of their primary objectives is sniffing out whistleblowers or those in any way against CCP. Why even have elections at this point? Not your voice and certainly not your life matter to them, this is what real communism looks like in real life 

[Eldorado]

 Chinese stock markets suffered one of their worst ever trading days on Monday, amid fears that President Xi Jinping may use his re-election at the weekend to renew his campaign against the country's biggest businesses and their owners.

Hong Kong stocks were particularly badly affected, with the Hang Seng index falling as much as 6% and Hang Seng Tech Index Futures falling over 8.2% to an all-time low, after Xi completed his expected consolidation of power at the National People's Congress in dramatic circumstances.

In a speech at the congress, Xi had also called for “regulating the mechanism of wealth accumulation”, which was also seen as him taking aim at the country’s richest businessmen.

https://www.msn.com/en-gb/money/other/chinese-markets-tumble-as-newly-crowned-xi-takes-aim-at-wealthy/ar-AA13jnsN?

[kartikg]

On 10/24/2022 at 3:05 PM, Eldorado said:

 Chinese stock markets suffered one of their worst ever trading days on Monday, amid fears that President Xi Jinping may use his re-election at the weekend to renew his campaign against the country's biggest businesses and their owners.

Hong Kong stocks were particularly badly affected, with the Hang Seng index falling as much as 6% and Hang Seng Tech Index Futures falling over 8.2% to an all-time low, after Xi completed his expected consolidation of power at the National People's Congress in dramatic circumstances.

In a speech at the congress, Xi had also called for “regulating the mechanism of wealth accumulation”, which was also seen as him taking aim at the country’s richest businessmen.

https://www.msn.com/en-gb/money/other/chinese-markets-tumble-as-newly-crowned-xi-takes-aim-at-wealthy/ar-AA13jnsN?

Isn't wealth accumulation something that the western people also complain about. The 1% controlling most of the wealth and indirectly the governments. Isn't this something Xi should be praised?