Xi Jinping calls for upholding Chinese Communist Party leadership as Parliament ends annual session
Beijing (PTI): As he began his unprecedented 3rd five-year term as President and head of the military, Chinese President Xi Jinping on Monday called for upholding the leadership of the ruling Communist Party of China (CPC) headed by him.
Speaking at the closure of the annual session of the Chinese legislature, the National People's Congress (NPC), Xi stressed upholding the leadership of the CPC and the centralised, unified leadership of the CPC Central Committee, the main policy body of the party.
Xi, 69, is regarded as the "core leader" of the party very much like the party founder Mao Zedong was endorsed by the rubber-stamp Parliament last week as the President and head of the Central Military Commission (CMC) the high command of the Chinese military.
He was elected as the head of the CPC for an unprecedented third term in October last year, the only leader to have more than two five-year terms after Mao.
He was the only leader to have a third five-year term while all his predecessors retired after two five-year terms.
In his winding-up speech at the NPC closing ceremony attended by about 3,000 legislators, Xi said it is important to stay alert and determined to tackle the special challenges that a large party like the CPC faces.
He underlined the importance of always having the courage to carry out self-reform, conducting full and rigorous Party self-governance unceasingly, and fighting corruption resolutely, state-run Xinhua news agency reported.
Efforts are needed to always maintain the Party's solidarity and unity, and ensure that the CPC will never change its nature, its conviction, or its character, so as to provide a firm guarantee for building China into a great modern socialist country and realising national rejuvenation, he added.
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Anti-Adani short-seller Hindenburg Research disbanded
Washington (PTI): Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday.
“As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research. The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today,” Anderson announced.
In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies.
The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking the Department of Justice to preserve all the documents and communications related to the investigations of Adani and his companies.
Anderson did not give a specific reason for disbanding his organization, which is less than a week before the end of the four-year term of the Biden Administration and the swearing-in of Donald Trump as the 47th President of the United States on January 20.
“So, why disband now? There is not one specific thing—no particular threat, no health issue, and no big personal issue. Someone once told me that at a certain point a successful career becomes a selfish act. Early on, I felt I needed to prove some things to myself. I have now finally found some comfort with myself, probably for the first time in my life,” he said.
“I probably could have had it all along had I let myself, but I needed to put myself through a bit of hell first. The intensity and focus has come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central thing that defines me,” he said.
In an interview to The Wall Street Journal, Anderson said he looks forward to taking up hobbies, travelling and spending time with his fiancée and their child, adding that he has earned enough money to provide for them in the future. He said he plans to invest his money in index funds and other low-stress investments.
Anderson said for now, he will be focused on making sure everyone on his team lands where they want to be next.
“Some are going to start their own research firm, which I will strongly and publicly encourage, even as I will have no personal involvement. There are others on our team who are now free agents—so feel free to reach out to me if you have a need for anyone who is brilliant, focused, and easy to work with, as they all are,” he said.
