Mao Zedong commonly known as chairman Mao and Deng Xiaoping were the two leaders in history of the China to write the historical resolutions and dominate politics of the Communists Party of China until their last breath.
President Xi Jinping could be the third in history to secure his third term and extend to a lifetime rule, according to a Bloomberg report.
In a meeting from November 8-11 which is named as plenum, President Xi securing his third time remains top agenda.
President Xi is likely to praise his success over the century and outline common prosperity goals further during this secret meeting of the elite officials, unlike his predecessors who criticized party’s failure.
This would mark as an important event for the global capital markets as well international political arena given President Xi’s potential to be the lifetime leader of the one-fifth of the world’s population.
Besides, his ruling of the third term would lead to him laying out his further agendas for his common property goals. In July, the initiation of common prosperity goals wiped out approximately $1 trillion of value from the Chinese capital market.