Xi Jinping has been confirmed as the man to lead China for the next decade. While it remains to be seen how increasing consumer demand (Chinese demographics and infrastructure expenditure have driven much of its GDP) will affect imports, the change of leadership will impact both trade and trade finance in the country. Speaking to Trade & Forfaiting Review, Anthony Palmer, Chief Executive of BPL Global in Asia, suggests that appointment of Xi Jinping is in keeping with previous leadership appointments in China in recent years which emphasise technocratic managerial abilities the kind of which are needed to supervise China’s continuing rise as a trading nation and global economic powerhouse. He goes on to discuss the region’s private credit and political risk insurance market, which remains fully open for both investments in and trade with China.
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