A number of structural issues in China - including an unbalanced economy and widespread corruption - are in urgent need of address by the new president says Angus Tulloch, joint managing partner at First State Stewart.
In March of this year, Xi Jinping and Li Keqiang took up their positions as president and premier of the People’s Republic of China. In addition to introducing a more open leadership style, Xi Jinping will head a streamlined Politburo Standing committee, with China’s leading political body cut from nine members to seven. With this move, many believe there will be a more unified and cohesive decision-making process, allowing a faster implementation of reform. Any evidence of structural reform and economic rebalancing will have a largely positive impact on the economy and markets. Poorl...
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