As Xi Jinping becomes head of the Communist Party, he and several other senior leaders will be key in shaping China's economic future.
Xi Jinping
Has been given a significant amount of political muscle through his appointment as general secretary of the Communist Party and head of the central military commission, so the question is where he stands on the economy and whether he will be a reformer.
A "princeling" whose father was deputy prime minister, Mr Xi lived through the Cultural Revolution and studied chemical engineering at Tsinghua University and later gained a degree in Marxist theory and a doctorate in law. Periods as provincial party chief in the coastal provinces of Fujian and Zhejiang have allowed him to closely witness economic reform in action. Some inner-circle members are bullish on the reform outlook. Li Jiange, the chairman of China's biggest investment bank, China International Capital, and a vice chairman of the state-owned Central Huijin Investment, believes Mr Xi will probably unveil new market-orientated changes late next year.
The reforms will focus on reducing government intervention in the economy and breaking up state monopolies.
Li Keqiang
The vice premier is expected to take over from Wen Jiabao as premier in March, and will thus be the main face of economic policy in China.
The son of a local cadre, Mr Li rose to prominence after studying law at Peking University. In a key development this year, Mr Li reportedly endorsed a report entitled China 2030, published in February, which was a collaboration between the Development Research Centre and the World Bank. The report contained policies aimed at keeping growth on track while avoiding the "middle-income trap" and failing to introduce reforms to create a wealthy middle class. The report also called for restructuring of state-owned enterprises, banks, land, labour and financial markets, to promote competition and trim back government influence on the economy.
Wang Qishan
Another princeling, the former mayor of Beijing has previously worked in the financial sector as the head of the state-owned China Construction Bank and has been elected to head up the fight against corruption. Some say this is because he has no children who could benefit from his position.
As the figure who coordinated China's response to the financial crisis, and who led China in the US-China strategic economic dialogue, Mr Wang has excellent credentials in dealing with the economy and many analysts were disappointed that he seems to be moving away from this area.
Zhang Gaoli
The party chief of the northern port city of Tianjin, where he was worked to transform the city, Mr Zhang has been a politburo member since 2007 and is seen as a Jiang Zemin ally but also acceptable to Hu Jintao, China's outgoing leader. A trained economist, he has been party chief and governor of eastern Shandong province and vice governor of Guangdong.
Many commentators are hoping his "Tianjin Model" of development does not gain traction on a national level as it is heavily debt- and investment-based.
business@thenational.ae
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Diriyah%20project%20at%20a%20glance
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COMPANY PROFILE
Company name: Blah
Started: 2018
Founder: Aliyah Al Abbar and Hend Al Marri
Based: Dubai
Industry: Technology and talent management
Initial investment: Dh20,000
Investors: Self-funded
Total customers: 40
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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The specs: 2018 Kia Picanto
Price: From Dh39,500
Engine: 1.2L inline four-cylinder
Transmission: Four-speed auto
Power: 86hp @ 6,000rpm
Torque: 122Nm @ 4,000rpm
Fuel economy, combined: 6.0L / 100km
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
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Company%20profile
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The biog
Name: Salem Alkarbi
Age: 32
Favourite Al Wasl player: Alexandre Oliveira
First started supporting Al Wasl: 7
Biggest rival: Al Nasr
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Four motivational quotes from Alicia's Dubai talk
“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”
“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”
“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”
“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”
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