File photo: APSingapore/Beijing: China’s Communist Party moved to repeal presidential term limits enshrined in the constitution, the clearest sign yet that Xi Jinping intends to stay on as leader past his second term. The party’s decision-making Central Committee proposed removing language from the document that says the head of state “shall serve no more than two consecutive terms,” the official Xinhua News Agency said Sunday. The seven-member Politburo Standing Committee—the country’s supreme political body—elected after the event included no members young enough to take power after Xi’s second term. The Central Committee is set to begin a three-day conclave Monday in Beijing. “The leaders understand a change of the financial regulatory system is a must as financial risk is increasing.

Source: Mint February 25, 2018 12:22 UTC