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	Podcast:		World Business Report
	Episode:		China Now Has a 'President for Life'
	Category:		Business
	Duration:		00:22:59
	Publish Date:		2018-03-11 20:45:00
	Description:		China has approved the removal of term limits for its leader, in a move that effectively allows Xi Jinping to remain president for life. Comparisons are being drawn to Xi's distant predecessor Mao Zedong, with some even saying it’s reminiscent of the North Korean dictatorship. Professor Steve Tsang of the SOAS China Institute joins the show to discuss how this move will alter the dynamic between President Xi and his party, and what we can expect him to do with his long-term power. A battle is brewing between Big Oil and Big Corn, over a complex system for proving ethanol use in fuel production. Under the current system, refiners have to pay for credits known as Renewable Identification Numbers, which fluctuate in price, often putting the fuel companies out of pocket. We hear from bioeconomy consultant Wayne Lee and Harvard University economist Jim Stock. And then, as the European Union and Japan mull over their response to US President Trump’s heavy tariffs on steel and aluminium, economist Michael Hughes zooms in on the effect to German auto-manufacturing, and then looks to a sign that tariffs are not the only protectionist measure coming out of the US. And finally, Europe's biggest port of Rotterdam in the Netherlands makes ready for the disruption and lost trade expected once the UK officially leaves the EU.
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