Economics
Pimco, BlackRock and Mobius's Predictions for China in 2017
- Upcoming NPC may provide clues to Communist Party reshuffle
- Mobius wouldn’t be surprised to see a growth target below 6%
Fund Managers Bet on Chinese Politics and Stakes Are High
This article is for subscribers only.
Global investors may have to start paying attention to Chinese politics again.
While the country was a bastion of stability in the year of Brexit and Donald Trump, Beijing’s potential to surprise markets is rising in 2017. Not only does President Xi Jinping face external challenges from a combative American president and a belligerent regime in North Korea, his ruling Communist Party plans a twice-a-decade leadership reshuffle toward year-end. The run-ups to such transitions are often tense, and this one will be crucial to cementing Xi’s grip on power.