Asia Pacific Economic overview

Changes in China’s political structure could set the tone for its economic policies and growth.

China has amended its constitution to remove term limits for the country’s president. The change means current President Xi Jinping could keep his position for life. Xi has enjoyed strong support, and if he continues to serve, the economic policies introduced under his leadership could be supported by relative stability. Xi has promoted stable, more moderate growth and environmental policies. However, China’s debt has increased substantially since the global financial crisis,...