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Asian Focus: A bumpy road to reform for China's new leader
In this Asian Focus video Yvette Roper, Editor of TradingFloor.com, interviews Andrew Robinson, Market Analyst for Saxo Capital Markets in Singapore, about expectations for the all-important communist party congress. The key question is how free will China’s new leaders be to drive growth and reform? He also looks at key Chinese macro data and the status of growth.
With the week-long National Congress of the Communist Party of China underway focus is on the leadership set-up and what announcements will be made to frame the new leader in the best light and indicate control over the world’s second-largest economy. What kind of reforms will be made in the next 10 years of rule and to what degree will the leader’s hands will be tied by conservatives and hardliners ruling the party and making reform difficult is key. Also of focus is how leadership for the next 10 years will maintain the constant steady growth that China has experienced up to now.
“The speed of reforms we have seen over the last 10 years has certainly slowed over the past two to three years as the leaders have got bogged down in a slowing economy and a global mess. Now is the time to get back on track,” says Andrew Robinson.
07:21 minutes
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