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News That Matters

22/10/2022 ---- 24/10/2022

Today Rishi Sunak was named leader of the UK Conservative party and will consequently become the country's next prime minister (in the UK the leader of the majority party is automatically prime minister as well). Sunak's appointment came after British Prime Minister Liz Truss resigned last week, just six weeks into her mandate, after losing the party support mainly due to the serious financial crisis caused by her tax reform. Sunak is 42 years old and is the first non-white person to be named UK Prime Minister. He was born in Southampton, England, where his parents had emigrated from Africa: his father was born in Kenya, and his mother in Tanzania, and both were of Indian descent. In his political career, Sunak was mainly Chancellor of the Exchequer (Minister of Economy) between 2020 and 2022, during the government of Boris Johnson. He is a graduate of Oxford University and also studied at Stanford, in the United States. He had previously worked for the major investment bank Goldman Sachs and entered politics in 2014, among the Conservatives. He is considered a pragmatic politician who belongs to the right wing of the party (in 2016 he voted in favor of Brexit). Sunak will formally take office in the next few hours, after receiving the post from King Charles III. With Miss Tuss’ resignation after only 6 weeks and Sunak’s election, the UK marks two unprecedented records in his political history.

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On October 23, after the 20th Communist Party National Congress, Xi Jinping was appointed as the party’s general secretary for another five years with a norm-breaking unprecedented third term. In his opening speech on October 16th, Xi reported the last five year’s successful results: achieving modernization, social stability, economic well-being, national security, solving corruption issues, advancing technology and science, and raising the attention to ecology. All achievements were due, in his words, to the principles of Marxism, which has guided the nation in the past and will continue to give political guidance in the future. In his intervention, Xi Jinping remarked that huge changes are expected in the next five years of the world economic order and that China will be the key country in the social and political international landscape. Referring to the West, he mentioned that “In pursuing modernization, China will not tread the old path of war, colonization, and plunder taken by some countries”. On the Taiwan issue, he made clear that “resolving the Taiwan question and realizing China's complete reunification is, for the Party, a historic mission and an unshakable commitment” and “the policies of peaceful reunification are the best way to realize reunification across the Taiwan Strait”. He added that the party “will continue to strive for peaceful reunification with the greatest sincerity and the utmost effort, but will never promise to renounce the use of force, and we reserve the option of taking all measures necessary”.

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