- There are several rumors that Xi may step down as Chinese president after rumors of ill health
- China’s economy is shrinking amid the president’s ‘zero-Covid’ policy, closing businesses.
- Current Premier Li Keqiang will assume the position on behalf of Jinpings: Rumors.
After several reports claimed that Chinese President Xi Jinping suffered from a “brain aneurysm”, the country’s social media is buzzing with rumors that the Chinese premier may soon step down from his top job. Rumors suggest that the leader’s poor health is just another subtext to the leaders’ mismanagement during Covid-19.
The ruling Chinese Communist Party (CCP) has recently come under strong pressure from citizens, the West and the world over its failed measures to coping with the economy after Covid-19. Russia’s war against Ukraine added a lot of tension to the list.
Will Jinping quit soon?
The growing rumors of Xi Jinping’s resignation began after a meeting of the party’s Politburo Standing Committee, which is the collective leadership group that rules China. Additionally, a video made by a Canada-based blogger was making the rounds on social media before China censored it.
The blogger claimed that until a big party meeting is held in the latter part of the year, Xi Jinping will be forced to withdraw from the Chinese Communist Party. Current Premier Li Keqiang will take over on behalf of Jinpings to take over the day-to-day running of the party and government.
Chinese President Xi Jinping suffers from a “cerebral aneurysm” and had to be hospitalized at the end of 2021, reported the media. We learn that he preferred to be treated with traditional Chinese medicines rather than undergo surgery, which relaxes the blood vessels and shrinks the aneurysms.
Earlier in March 2019 during Xi’s visit to Italy his gait was observed to be unusual with a noticeable limp and later also in France during the same tour he was seen taking support while trying to sit. Similarly, during a speech to the public in Shenzhen in October 2020, his late appearance, slow speech and coughing fit again led to speculation about his poor health.
Failure of the Zero-Covid policy, repercussions on the economy
To curb the spread of the coronavirus, the Chinese president had decreed a “zero-Covid” policy. However, the strategy failed as widespread shutdowns hampered businesses across the country. Despite low infection rates, the country had locked down more than 180 million people with strict rules as part of their anti-covid approach.
A senior Chinese official said the pandemic is a stumbling block for economic and social development.
Strict Covid restrictions have also brought industrial production to a halt, causing supply chains to be disrupted for the first time. Manufacturing activity has been on a steady decline, reaching its lowest level since February 2020.
Moreover, as Shanghai’s lockdown period drags on, analysts from various investment banks have also lowered their forecasts for the country’s economic growth rate. In April, China’s yuan currency fell more than 4%, the biggest monthly drop in 28 years.
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