China's New Era

According to Communist Party discourse, China's 'New Era' began when Xi Jinping was anointed Party boss in 2012. The shape of this New Era became eminently clear in 2023 when Xi commenced his third five-year term as General Secretary of the Party, a fortification of one-man authoritarian rule unprecedented in post-Mao China. Under Xi, the Party has expanded its influence over government, the economy and society. The Party-State is now more Party than State. The year 2023 saw other 'new eras' for China as well. Despite initial optimism sparked by the end of COVID-19 restrictions in late 2022, the Chinese economy in 2023 was buffeted by continuing property sector woes, record unemployment, and an unfolding local government debt crisis. Globally, China adopted a series of new and ambitious diplomatic initiatives to woo the Global South and amplify its voice on the world stage. The China Story Yearbook 2023: China's New Era provides informed perspectives on these and other important stories that will resonate for years to come.