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inopportune political moment

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inopportune political moment

Xi Jinping said on Thursday Joe Biden: “He who plays with fire dies burned. The US is expected to understand this.” The immediate context of the verdict is the unconfirmed news that the President of the Chamber of Deputies, Biden ally Nancy Pelosi will visit Taiwan in August. Biden himself said he was unaware of the status of these plans and had heard from military leaders that “this is not the best idea.”

Reserve military and civilian ultranationalists in China have suggested that Chinese warplanes prevent Pelosi from landing in Taipei, escort her plane, or at least fly over Taiwan, violating her airspace. The Chinese government has been less specific.

To analyze Xi’s reaction to this and other possible “provocations” from China’s perspective, one must take into account the political moment in China. Xi is working to secure a third five-year term. This is a bold move.

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The two-term limit was introduced into the Constitution in 1982. Deng Xiaoping, after the injury of Mao Zedong, who insisted on remaining in power for the rest of his life. In 2018, at the request of Xi, the parliament lifted this restriction.

Speaker of the US House of Representatives Nancy Pelosi angered China with her planned trip to Taiwan.
Speaker of the US House of Representatives Nancy Pelosi angered China with her planned trip to Taiwan.

It is almost certain that Xi’s stay will be approved by the Communist Party Congress, a date yet to be officially announced but due to take place between October and November.

Inspired by Confucianism, according to which the provision of prosperity by the government is a sign of heavenly approval, the Chinese system is not democratic, but meritocratic. And 2022 is not the best year for Xi to postulate five more.

Your zero covid policy has been disastrous. A 0.4% growth in the second quarter is unsustainable by Chinese standards, which implicitly promise to lift 1 billion people out of poverty. More worrisome is the 5.7% decline in GDP in Shanghai, the country’s economic epicenter. On the political side, the city is a stronghold of former President Jiang Zemin, Xi’s rival, and would be especially punished for that.

Another miscalculation by Xi was the “borderless alliance” with Vladimir Putin, announced 20 days before the invasion of Ukraine. The strong international backlash has led analysts sympathetic to the regime to admit, in some cases publicly, that a rapprochement with Russia is hurting China.

Vladimir Putin held talks via videoconference with Chinese President Xi Jinping
Vladimir Putin held talks via videoconference with Chinese President Xi Jinping

Xi is repairing damage to contain instability. It has already held 16 rounds of talks with India, the main adversary, following border skirmishes in 2020. And it didn’t beat the October record of 56 Chinese aircraft incursions into Taiwan. Moderation should last until the end of the congress. After that, Xi should resume his plan to annex Taiwan. And this is likely to be the biggest source of global tension in the coming years.

HE STATE DESIGNator AND INTERNATIONAL AFFAIRS ANALYST

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Politics

The dollar continues to reflect the political scenario

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The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.

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Goal.com

The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022

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Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

See more news, photos and videos at www.ansabrasil.com.br.

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