Wall Street has come to a consensus about China in 2017 — here’s why it’s likely very wrong
|12/29/2016||Posted by BusinessMediaguide.Com under General World News||
A recent report from China Beige Book, a survey of the country’s economy, is challenging Wall Street’s prevailing notion about China in 2017.
It all hinges on one word: stability.
The expectation on Wall Street is that since the Chinese Communist Party will be holding its 19th National Congress — a process in which the party chooses its top leadership positions — in 2017, President Xi Jinping will want to keep the economy stable so there’s no distraction from his relentless effort to consolidate power.
“The Chinese leadership will likely face significant political uncertainty both internally and externally, and in response they read more >>>