China proposes removing presidential term limits

China's Communist Party has proposed removing a clause from its constitution that states the country's President and Vice President "shall serve no more than two consecutive terms," per the Party's newswire. If successful, the measure will allow President Xi Jinping to stay in power after his second term, which ends in 2023.

Why it matters: It would pave the way for Xi, "so long as he is alive and the Communist Party is running China, to be the most important and powerful person in China for life," Axios contributor Bill Bishop writes in Sinocism. "In this new Xi Era the world must learn to deal the most powerful Chinese leader in decades, while China itself is now the strongest it has been in centuries."