The Year of the Dog begins

CHINA FINANCIAL - Report 26 Feb 2018 by Michael Pettis

Special points to highlight in this issue:
• Wang Qishan was recently appointed to the National People’s Congress. It is very rare for a nominally retired CCP high official to gain a seat in the NPC, so his appointment may be significant. There are rumors that he will soon be appointed the country’s Vice President, perhaps to take advantage of his good relationships and credibility in Washington.
• The Central Committee has proposed eliminating the two-term restriction for China’s President and Vice President. On the same day it proposed writing Xi Jinping’s theoretical works into the Chinese Constitution.
• The surge in Chinese household debt over the past three years is causing increasing concern among analysts and regulators.

Now read on...

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