- Economic environment. The current economic environment facing incoming president, Xi Jinping, is much harsher than the one facing his predecessor, Hu Jintao. The US economy is has been picking itself up slowly, but now faces the prospect of a fiscal cliff. UK is at risk of entering a triple-dip recession, with the outlook of Europe remains bleak. China ...
As China goes through a once a decade change of power, analysts and world leaders alike are trying to predict the possible global economic effects. China, with a population of 1.3 billion people (and growing), is the world’s second largest economy and the biggest engine of growth since the early 2000′s. Besides holding the world’s largest reserve of foreign exchange, China is also the holder of US debt. As such, a change of its leaders will have a considerable impact on the global economy.
Some issues facing the new Chinese leadership:
