China’s leadership transition doesn’t look good if you’re a foreign business - Quartz. China’s 18th party congress began today. The country’s new leaders, whose identities will be formally revealed on or around November 15, look likely to be a fairly conservative group when it comes to economic and political reform. That shouldn’t harm China’s giant import and export markets, but it augurs badly for foreign companies, particularly in the banking and media sectors, who are hoping to get rich selling services to China’s close to 1.4 billion consumers. “The new leadership are closely allied with China’s state owned enterprises and will want to protect these companies, including the state-owned banks, from competition,” says Dr.
John Lee, an associate professor at the University of Sydney who studies the various factions within the Communist Party. ”China’s current generation of leaders have also left a mess behind, socially and economically,” he adds. Here is what Dr. The new leaders will do all they can to protect China’s broken banks. Naked capitalism. Center for Advanced Hindsight. The Atlas of Economic Complexity. Money Is Not Important. The Next Web - International technology news, business & culture. Economist's View. Economics and Politics by Paul Krugman - The Conscience of a Liberal. Zero hedge | on a long enough timeline, the survival rate for everyone drops to zero.
Business Insider. Two Weeks Notice: A Latin American Politics Blog. CIPER Chile » Centro de Investigación e Información Periodística.