The political season in China's one-party system sets the tone

Beijing: Chinese leaders fully support their top political advisory body to start its annual meeting on Sunday, which usually sets the tone for China's political season in a one-party system.

Due to the trade war with the United States, China is in a period of turmoil. Last year, the economy continued to slow down, hitting a low of 6.6% in 28 years and the accusations of Canada and the United States against Huawei.

 

Canada's decision to extradite Huawei's chief financial officer, Mengwang, to the United States for trial is expected to trigger a lot of heated discussion, and Communists demand retaliatory action. Meng, the daughter of Huawei’s founder, Ren Zhengfei, faces an allegation of illegality and fears that the United States may be harsh on it.

Canada released Meng's extradition process on Friday - the latest move in this case has disrupted the relationship between North American neighbors and China. Beijing quickly responded by saying that Ottawa’s actions constituted “serious political events”.

 

The government led by Xi Jinping is rushing through two key legislations to open up new opportunities for foreign investors and protect them from Chinese partners’ forced surrender of technology to appease US President Donald Trump, who threatens to deal with Chinese industry. The company has taken more punitive measures and he has imposed taxes on Chinese goods. The United States has been demanding market access and government support for China's local router industry.

The main concern of the government is to reach a consensus on the US-China trade agreement, which is expected to be signed. The deal will seriously damage the wealthy coastal provinces and state-owned enterprises, which may boycott the deal.

China's "rubber stamp" parliament, as a meeting that began on Tuesday, is often described and usually supports every move of the government. But Chinese leaders need to work hard to get some members, especially state-owned companies, to swallow bullets and prevent the United States from levying more taxes on Chinese goods.

The two-week conference will be attended by approximately 5,000 delegates from across the country, including the Hong Kong and Macau Special Administrative Regions, in the Great Hall of the People in Beijing.

In dealing with Huawei disputes, signing trade agreements with the United States, and the economic slowdown, President Xi will be closely watched in China and the world. Some economists believe that China's economy will slow further this year, and GDP levels will reach between 6% and 6.5%.http://www.yeacommtech.com/

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