New President Xi Jinping Outlines His Vision Of The “Chinese dream”

New president Xi Jinping (on the right) and former president Hu Jintao (on the left) at the closing meeting of the 12th National People's Congress

New president Xi Jinping (on the right) and former president Hu Jintao (on the left) at the closing meeting of the 12th National People’s Congress

The formal transition of China’s top leadership was completed on March 12th as Chinese Communist Party chief Xi Jinping succeeded Hu Jintao as state president at the 12th National People’s Congress (“NPC”) in Beijing. After assuming the role of general secretary of the Central Committee of the Communist Party of China (“CPC”) in November (Read: China’s Communist Party Selects New Leaders), Mr. Xi has stressed on addressing widespread corruption and promoting austerity in public spending.

On the economic front, “Xi’s leadership experience in running Fujian, Zhejiang, and Shanghai, three economically-advanced regions, has prepared him well for pursuing policies to promote the development of the private sector, foreign investment and trade, and the liberalization of China’s financial system”, wrote Cheng Li of Brookings Institution in Washington.

Chinese new president also pledged  to make continuous efforts to achieve the “Chinese dream”. “In face of the mighty trend of the times and earnest expectations of the people for a better life, we cannot have the slightest complacency, or get the slightest slack at work”, Xi said at the closing meeting of the National People’s Congress last sunday. He also made it clear that to realize its dream, China must take the Chinese way.

China’s new cabinet’s top tasks will be to maintain economic growth, improve people’s livelihood and safeguard social justice, new Premier Li Keqiang echoed at a press conference hold on Sunday.

by Jonathan Pecaut-Dupy

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