China: Two-term limit on the presidency abolished – Danske Bank

Over the weekend, China's National People's Congress voted to abolish the two-term limit on the presidency, allowing for premier Xi Jinping's indefinite reign, points out the research team at Danske Bank.

Key Quotes

“Term limits, intraparty democracy and other checks and balances were originally instituted by former premier Deng Xiaoping to ensure that the madness that was Mao would never plague the Middle Kingdom again. Xi Jinping is no stranger to Mao’s nebulous socioeconomic experiments. He was sent to live in a cave in the countryside as Mao sought to re-educate the urban elite.”