China's changes in leaders in the financial sectors are welcome.
These old guys have not been trained properly compared to the newer
generation. Their performances are mixed at best. The product dumping is bad and met with justified sanction. Some foreign investment is worse than just buying SPY. Some are good with a clause of technology transfer.
They have two major challenges:
1.
Trump's protectionism. China is outsourcing to lower-wage countries.
China is trying to appreciate their currency. Trump uses the wrong
arguments against China. The right one is taking out the obstacles of
our products to China.
2. One Belt One Road. There
are challenges and problems. China is investing billions to help the
neighbors to be wealthy, so China can sell their products and uses its
excess capacity. Some projects may have few returns.
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