As Xi Jinping marches toward presidency for life, economists are lauding the stability of his continued rule but the move has caused some Chinese people to consider moving assets, or themselves, abroad. The Communist Party’s move to scrap presidential term limits is the latest indication Xi is returning the country to strongman rule, undermining the consensus of technocrats that has governed China in recent years. Xi and his economic team have pledged to tackle China’s ballooning debt, move the economy towards sustainable consumption-based growth and taken aim at corruption endemic in the Communist Party.
Source: Yahoo! News