China ties its future to Xi as congress repeals term limits

Bloomberg

China’s parliament voted to repeal presidential term limits, allowing President Xi Jinping to keep power indefinitely in a formal break from succession rules set up after Mao Zedong’s turbulent rule.
All but five of the almost 3,000 National People’s Congress dep-uties present on Sunday supported the measure to strike a constitutional provision barring the president from serving more than two consecutive terms. The amendment — announced by the Communist Party two weeks ago — removes the only barrier keeping Xi, 64, from staying on after his expected second term ends in 2023.
The vote — never in doubt — gives Xi more time to enact plans to centralize party control, increase global clout and curb financial and environmental risks.
It also ties the world’s most populous country more closely to the fate of a single man than at any point since reformer Deng Xiaoping began establishing a system for peaceful power transitions in the aftermath of Mao’s death.
Before Sunday’s vote in Beijing, US President Donald Trump had joked that Xi was “now president for life.”
The NPC could appoint Xi to a second term as soon as Saturday.
“In the long run, the change may bring some uncertainties, like ‘key man’ risk,” Yanmei Xie, a China policy analyst for Gavekel Dragonomics in Beijing, said before the vote. “Dissenting is becoming riskier. The room for debate is becoming narrower.”
“The risk of a policy mistake could become higher and correcting a flawed policy could take longer.”
China has cracked down on online criticism of Xi’s power play, even as shares of companies with “king” or “emperor” in their names surged after the amendment was unveiled. China’s benchmark Sha-nghai Composite Index has declined 1 percent since then, compared with a 1.9 percent decline in the MSCI Asia-Pacific Index.
The move to repeal the 36-year-old term limits provision is part of a package of amendments to China’s constitution. They include: Inserting Xi’s name alongside Mao’s and Deng’s Enshrining in law his principles for a more assertive foreign policy. Creating a powerful new law enforcement and ethics commission to police public servants, making permanent an anti-graft campaign that has punished more than 1.5 million officials.
Although constitutional amendments require approval from two-thirds of the NPC by paper ballot, passage was largely procedural. The body has never rejected a party proposal and recent amendments — including a 1999 change adding Deng’s name to the governing document — passed with more than 98 percent of the vote.
Sunday’s result was even more lopsided. There were only three abstentions and two “no” votes out of 2,964 votes cast, meaning that 99.8 percent supported the measures. The dissenting lawmakers weren’t immediately identified.