Latest news with #Politburo
Economic Times
13 hours ago
- Business
- Economic Times
Hang Seng index climbs to a multi-year peak amid stimulus hopes and infrastructure push
Mainland gains mirror Hong Kong strength Infrastructure and green tech in focus Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Hong Kong's benchmark Hang Seng Index surged to its highest level in more than three years on Tuesday, lifted by optimism over China's infrastructure buildout and expectations of new policy support from Beijing. The rally was underpinned by strong gains in solar and electric vehicle stocks, as well as power and construction shares linked to a major dam project in Hang Seng Index closed up 135 points, or 0.54%, at 25,130, its highest since November 2021. The rally took place on robust trading volumes, with main board turnover hitting HK$266.1 the mainland, the CSI 300 Index of China's largest listed companies climbed 0.8%, reaching its strongest level since November 2024. The Shanghai Composite Index added 0.6% to 3,581, while the Shenzhen Component Index advanced 0.84% to 11, sentiment was buoyed by solid second-quarter economic data and growing anticipation that a forthcoming high-level Politburo meeting led by President Xi Jinping will deliver measures to tackle overcapacity in strategic sectors such as solar panels, electric vehicles and lithium batteries, industries currently grappling with falling prices and saturated market rally was amplified by news of construction commencing on what is being billed as the world's largest dam project in Tibet, a development that fuelled interest in power and infrastructure-related firms, according to a Reuters of Xinyi Solar rose 4.8% to HK$3.07, while affiliate Xinyi Glass Holdings climbed 7.2% to HK$8.75. BYD, a leading EV maker, gained 5.1% to close at HK$ are now looking ahead to the Politburo meeting later this month, which is expected to outline China's economic strategy for the second half of 2025. Market participants hope that the gathering will confirm additional policy support for new industries while addressing broader challenges such as tariff pressures and the prolonged slump in the property market.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
14 hours ago
- Business
- Time of India
Hang Seng index climbs to a multi-year peak amid stimulus hopes and infrastructure push
Mainland gains mirror Hong Kong strength Infrastructure and green tech in focus Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Hong Kong's benchmark Hang Seng Index surged to its highest level in more than three years on Tuesday, lifted by optimism over China's infrastructure buildout and expectations of new policy support from Beijing. The rally was underpinned by strong gains in solar and electric vehicle stocks, as well as power and construction shares linked to a major dam project in Hang Seng Index closed up 135 points, or 0.54%, at 25,130, its highest since November 2021. The rally took place on robust trading volumes, with main board turnover hitting HK$266.1 the mainland, the CSI 300 Index of China's largest listed companies climbed 0.8%, reaching its strongest level since November 2024. The Shanghai Composite Index added 0.6% to 3,581, while the Shenzhen Component Index advanced 0.84% to 11, sentiment was buoyed by solid second-quarter economic data and growing anticipation that a forthcoming high-level Politburo meeting led by President Xi Jinping will deliver measures to tackle overcapacity in strategic sectors such as solar panels, electric vehicles and lithium batteries, industries currently grappling with falling prices and saturated market rally was amplified by news of construction commencing on what is being billed as the world's largest dam project in Tibet, a development that fuelled interest in power and infrastructure-related firms, according to a Reuters of Xinyi Solar rose 4.8% to HK$3.07, while affiliate Xinyi Glass Holdings climbed 7.2% to HK$8.75. BYD, a leading EV maker, gained 5.1% to close at HK$ are now looking ahead to the Politburo meeting later this month, which is expected to outline China's economic strategy for the second half of 2025. Market participants hope that the gathering will confirm additional policy support for new industries while addressing broader challenges such as tariff pressures and the prolonged slump in the property market.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
New Indian Express
a day ago
- Politics
- New Indian Express
ADIEU vs Ace communist who fought for masses
It was during the Indo-China war that VS was first castigated by the party. Late CPM leader M M Lawrence who was subjected to bitter party disciplinary action in the 90s, had once recalled how VS, while in jail, decided to donate blood to Indian Army soldiers without consulting the party. The party observed that the move amounted to supporting the government that was trying to wreck the Communist party. He was demoted from central committee to branch committee. However, he made a comeback in the very next Party Congress. The infamous Vettinirathal episode got him his second disciplinary action in the form of a public censure. 2007's beginning saw him being warned by the CPM on the ADB loan row. The biggest punishment came in May 2007, when VS, the then CM, along with the then state secretary Pinarayi, were suspended from the Politburo for their public spat. Though they were repatriated after four months, VS was dropped from the Politburo in 2009 for deviating from the party position on the CBI case against Pinarayi. In 2012, VS was first censured by the Central Committee when he compared Pinarayi to S A Dange, who presided over the split in the undivided CPI in 1964. Months later, he faced yet another public censuring. If most previous disciplinary actions were for factional feuding, this one was for his attempted visit to Koodankulam to express solidarity with protesters opposing the nuclear power plant. The next year, he faced one more censure for his remarks against the party line — for his statement that he has more trust in the CAG than his own party. The 'most unkindest cut of all' came in the form of a party resolution that openly termed him a 'comrade with an anti-party mindset', during the 2015 Alappuzha state conference. By then, the veteran, serving as the Leader of Opposition in the assembly, found himself completely isolated within the party, leading him to storm out of the conference. In January 2017, VS faced probably his ninth corrective action in the form of a censure, that was a mere face-saver for the CPM leadership. It did nothing to dent VS' widespread popularity among the masses. No doubt, VS was the party's most popular leader among the masses and was the main campaigner in the 2016 assembly polls. He is survived by his wife K Vasumathy and children VA Arunkumar and VV Asha.
The Star
a day ago
- Politics
- The Star
China military calls for efforts to repair image after scandals
FILE PHOTO: Cambodian Prime Minister Hun Manet meets with He Weidong, visiting vice chairman of China's Central Military Commission, in Phnom Penh, Cambodia, Dec. 4, 2023. CMC Vice Chairman He Weidong, also a Politburo member, has been absent from official events for months, though no public evidence of wrongdoing has emerged. - Xinhua BEIJING: China's top military body has ordered a sweeping overhaul to restore the credibility of political leaders as the commission faces its largest vacancy in years following a series of corruption scandals. The Central Military Commission issued regulations in recent days to "comprehensively purge toxic influence and rebuild the image and credibility of political leaders,' the official People's Liberation Army Daily reported Monday (July 21) on its front page. The regulations direct political leaders to "eradicate poison and eliminate malpractice,' according to the report, which didn't elaborate. The term "liudu,' or widespread poison, is Communist Party parlance for serious offences involving factions of corrupt officials. It previously applied to the cliques of former security chief Zhou Yongkang and ousted Chongqing party boss Bo Xilai. The directive comes as corruption scandals have engulfed the world's largest military by active personnel. They have led to the downfall of two consecutive defence ministers and several officials with ties to the secretive Rocket Force. Former political commissar Miao Hua, who served on the elite Central Military Commission led by President Xi Jinping, was also removed from the CMC last month. CMC Vice Chairman He Weidong, also a Politburo member, has been absent from official events for months, though no public evidence of wrongdoing has emerged. If investigated, He would become the most senior sitting defence official probed since Zhao Ziyang was ousted in 1989 for supporting students during the pro-democracy movement. Separately, the Ministry of Defence recently removed a section for its leadership team from its website. Bloomberg News reported last year that the ministry quietly scrubbed disgraced former defense minister Li Shangfu from the list of top leaders on the site. - Bloomberg
Bloomberg
a day ago
- Politics
- Bloomberg
Why Rumors About China's Political Elite Won't Stop
Any discussion about China's political elite must begin with an important caveat: Hearsay about the inner workings of the Politburo has a long tradition of being wholly inaccurate. One of the most vivid examples was in 2011, when a Hong Kong television station mistakenly reported the demise of former Chinese president Jiang Zemin — 11 years before his actual death in 2022. The intrigue over President Xi Jinping's future is no less speculative. In many ways, it's the result of a succession crisis of his own making. The lack of an heir or clear plan creates an uncertainty that is grist for the mill.
