2017 – another momentous year in China’s development
2017 was the year in which Xi Jinping, President of the People’s Republic of China, further consolidated his already considerable power at the top of the Communist Party of China (CCP). The Xi-led anti-corruption drive, launched in 2012, has snared more than 100,000 officials and weeded out numerous potential rivals.
Xi did not name an official successor at the CCP national congress in October, prompting speculation that he might plan to stay on as supreme leader beyond the usual two five-year terms, which would end in 2023. This question has just been answered with the CCP announcing that it intends to scrap the clause in the constitution that limits presidents to 10 years in office.
Investing in China’s Innovation: four things to consider
Formerly a diplomat, Gabor Holch moved to China in 2002 and switched to management consulting. He is the founder and director of Shanghai-based Campanile Management Consulting and specialises in leadership and nurturing personal talent. In addition to Campanile, he is a member of consulting firms in the EU and the US.
I dare you to scan through the headlines of any financial paper and not read about China. But as ubiquitous and lucrative as this new market seems, few foreigners feel confident betting their money on its single-party politics, obscure culture and secretive decision-makers.