In this episode of China Money Podcast, guest Philip Cunningham discusses China’s pending leadership transition, and what that means for investors:
– China will achieve a smooth leadership transition to the fifth generation of leaders led by Xi Jinping
"China looks pretty stable to me. There are sparks but I don’t see a chance of prairie fire right now, because prosperity brings some kind of fire quenching capacity. Things could muddle through for a long time. I don’t see (China) being explosive as it was in Egypt."
– Philip Cunningham
– That objective could point to a heavier media crackdown and potential disruptions of business
– Investors should stay cautious before and during the transitional phases in 2012 and 2013
– China’s near-term will remain stable as prosperity prevents messy, large-scale social upheaval
About Philip Cunningham:
Philip Cunningham is a professor of media studies who has taught at Doshisha University in Kyoto and Chulalongkorn University in Bangkok. He is the author of Tiananmen Moon, a book on China’s student uprising in 1989. He is currently a visiting fellow at Cornell University.