Chinese Political Conflicts Spread Into Economy

Chinese leaser Xi Jinping (L) raises his hand to vote for the reports with China's former leader Jiang Zemin at the closing of the 19th Communist Party Congress at the Great Hall of the People in Beijing on Oct. 24, 2017. Greg Baker/AFP via Getty Images

Families of China’s leader Xi Jinping and a rival faction led by former leader Jiang Zemin have been involved in business conflicts, leading to speculation that there are warring factions within the CCP.

As a one-party state, the Chinese Communist Party (CCP) monopolizes power in China. The leadership, however, is not monolithic.