May 20, 2020

Xi Jinping can now rule China indefinitely - but what does this mean?

Times of India
Belt and Road
Xi Jinping
3 min
Xi Jinping can now rule China indefinitely - but what does this mean?

On Sunday, the Communist Party officially abolished the two-term limit on Presidency and Vice-Presidency, which in effect means current leader Xi Jinping can rule indefinitely.

Xi has been president since 2013 and as such was due to start his second (and final) five-year term this year, but will now likely rule well beyond 2023.

While this continuity could mean stability in some places, the international media has overall taken a negative stance on the decision to allow one person to rule China for over 10 years.

The Times of India states that “the term-limit was put in place by Deng Xiaoping to prevent his successor from repeating the mistakes of the Mao-era; wherein Mao implemented his reckless domestic and foreign policies in an unchecked manner for about 30 years”.

Indeed, it has already been suggested in the media that Xi was becoming as powerful as Mao Zedong. The newspaper concludes: “if history has anything to teach us, this doesn’t bode well for regional stability in Asia.”

See also:

China Communist Party Congress consolidates Xi’s power

Annual parliament: Xi to extend term, 1.1trn military budget

Business Chief: Asia edition – March issue out now!

In addition to a longer term, Xi Jinping’s economic thought is now going to be included in the constitution. So far this has included the One Belt One Road initiative as well as adding funding to China’s defence forces. The Chinese constitution will now include “Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era”.

There have also been concerns that the development could make China more aggressive with its neighbours in areas such as boundary issues. A Times of India writer opines that “the region is already witnessing a strong, assertive and arrogant China since Xi took over the leadership,” adding that “such no-term limit clause is bound to fuel the fear that Chinese policies in the region might over-spend, misjudge or act presumptuous… what one can say right now is that this domestic change in China is bound to impact the regional stability in coming years”.

Al Jazeera has said that “Xi’s rapid consolidation of power has led some to conclude that China is descending into an era of dictatorship”.

While on one hand, centralisation of power could result in thought and policy being more stable in the short term, it may also mean that policy changes will go unchecked.

Xi’s social and economic policies have so far led to the party being more involved in private enterprise and to state-owned enterprises being bolstered. There has also been heavy investment in innovation, which could mean XI’s continued leadership will benefit tech startups and business partnerships.

In addition to extending Xi’s power, the recent Congress allowed China’s Central Bank to have more decision-making power in the country’s finance sector. The China Banking Regulatory Commission and the China Insurance Regulatory Commission have been merged, creating a new regulatory structure based around the People’s Bank of China.

Environmental regulation has expanded with a new Ministry of Ecology and Environment coming into being.

A new international development body will supervise overseas aid projects, as well as the Belt and Road initiative.

The State Administration for Industry and Commerce, the General Administration of Quality Supervision, Inspection and Quarantine, and the China Food and Drug Administration have all been absorbed into one market supervision body.

In addition, more power was granted to the agriculture ministry in an effort to deal with China’s food crisis.

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Jul 24, 2021

Amobee Appoints Nick Brien As CEO

Elise Leise
2 min
Nick Brien, a CEO with a proven advertising track record, will help Amobee achieve digital growth

In its latest strategic move, Amobee—a global multimedia advertising leader—announced that Nick Brien will be its Chief Executive Officer. The company is entirely owned by Singtel, Asia’s leading communications technology organisation, which provides consumers with mobile, broadband, and TV and businesses with data hosting, cloud, network infrastructure, analytics, and cybersecurity tools. 

Brien, who has worked for Microsoft, Intel, P&G, and American Express, will take over to drive the next generation of advertising tech. Said Evangelos Simoudis, Chairman of the Board of Amobee: ‘Nick has the deep expertise in advertising that we need to seize the market opportunities ahead’. 

How Did Brien Get Here? 

Before joining Amobee, Brien led 15,000 people across 40 divisions as CEO of the Americas for Dentsu International. For thirty years, he’s helped brands pilot unique advertisements, keeping up with the latest trends. He’s served as CEO of McCann Worldgroup, global CEO of IPG Mediabrands, President of Hearst Marketing Services, and CEO of iCrossing. Over the course of his career, he’s consistently strategised how to keep up with digital shifts. Now, he’ll capitalise on Amobee’s legions of experienced data scientists and developers. 

‘I’m excited to be joining Amobee at such a transformative time in our industry’, Brien explained. ‘We’ll pilot advertising accountability and intelligent decisioning. And there’s no doubt in my mind that optimising media performance—whether you’re targeting, planning, buying, or delivering—can only be achieved using applied science, machine learning, and data analytics’. 

What Does This Mean for Amobee? 

Amobee is set on growing its personal brand within the advertising sector. As APAC social media influencers, Gen Z growth hackers, and viral content producers start to enter the field, established companies will be working doubly hard to keep up. Amobee, however, is still looking good. With a Gartner Magic Quadrant for Ad Tech, a Forrester New Wave recognition, and now, Nick Brien as CEO, the firm is set up for success. 

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