APCO Worldwide’s Greater China Chairman, Kenneth Jarrett, gave a presentation last Friday to the European Union Chamber of Commerce and British Chamber of Commerce discussing the 18th Party Congress and naming of the new Politburo Standing Committee, and its implications for the foreign business community in China.
At the Shanghai’s Sofitel Hyland Hotel, situated in the heart of the city, more than 100 business executives from some of Europe’s largest companies gathered to hear Ken’s insights of China’s once-in-a-decade leadership transition and the effect it will have on foreign businesses in China.
Ken stressed the leadership transition is unlikely to lead to major immediate policy shifts, as leaders will continue to focus on continuity and political stability. The presentation outlined the core challenges China’s new leaders will face such as necessary economic rebalancing, current disparity in wealth, and maintaining social stability. China’s new leadership is viewed to be the most educated and experienced government in recent times which will prove valuable during the country’s next phase of development. Ken’s presentation included an analysis of the new leadership’s background and policy priorities.
The APCO China team released a more in-depth review of the 18th National Congress on Monday, November 19, entitled “Reform in the Balance: China’s New Leaders Take Power.”