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Politics will determine China’s economic policies

Monday, March 13, 2023

Significance

It also promoted Xi loyalists to the highest offices of the state bureaucracy. This completes the five-yearly leadership reshuffle that began with the Communist Party Congress last October, when Xi affiliates took over the top echelons of the Party apparatus.

Impacts

  • Opportunities exist for foreign governments and businesses to work with China in addressing regional and structural imbalances there.
  • The global finance industry will benefit from an increase in offshore borrowing by Chinese companies.
  • Hong Kong’s eagerness to regain its position as an international financial centre presents qualified opportunities.

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