China's Annual Political Season Begins Amid Geopolitical Tensions, Military Purges, Economic Woes

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China's Political Season Kicks Off Amidst US-Iran War, Military Purges, Economic Shift

Members of Chinese People's Liberation Army (PLA) attend a flag-raising ceremony at Tiananmen Square with a portrait of late Chinese Chairman Mao Zedong displayed on Tiananmen Gate, in Beijing, China, November 20, 2025. REUTERS/Maxim Shemetov

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CNBC TV18•04-03-2026, 19:09

China's Political Season Kicks Off Amidst US-Iran War, Military Purges, Economic Shift

•China's annual political season began March 4, set against the backdrop of the US-Iran war, extensive military purges, and economic revitalization plans.
•President Xi Jinping, 72, in his third term, attended the CPPCC opening, asserting his unchallenged authority despite recent military shake-ups.
•Extensive purges targeted senior military officials, including Gen Zhang Youxia, first-ranking Vice Chairman of the Central Military Commission, for corruption and indiscipline.
•The National People's Congress will open, with Premier Li Qiang presenting the government work report and announcing the defense budget.
•The 15th five-year plan aims to reorient the economy towards new productive forces like AI, E-vehicles, and batteries to maintain global dominance.

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