amwalalghad :: China's Xi Jinping had a great 2017, five main challenges waiting next year

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

China's Xi Jinping had a great 2017, five main challenges waiting next year

Published Thursday, 28 December 2017 10:35 | Written by Amwal Al Ghad English

China’s President Xi Jinping had a better-than-expected 2017, quietly strengthening his hand both at home and abroad while Donald Trump’s tweets captured headlines around the globe.

Next year will put those gains to the test. Here are five key challenges he faces in 2018:

1) Keep the Middle Class Happy

China’s economy proved resilient in 2017, with growth on pace for its first full-year acceleration since 2010. Yet economists forecast a slowdown next year, and rising U.S. interest rates are set to complicate China’s deleveraging push.

Xi’s biggest challenge next year is “sustaining popularity in the face of potential economic problems,” said Susan Shirk, chair of the 21st Century China Center at the University of California, San Diego. “I’m waiting to see what might trigger middle class opposition.”

Other issues that risk stirring discontent among the middle class include polluted air, education quality and online censorship. Since Xi became one of China’s most powerful leaders ever in October, a series of social problems -- from migrant evictions to poor villagers shivering without heat in the winter -- showed how quickly things can go wrong.

2) Keep the Peace

China embarked on a much more proactive foreign policy in 2017, seeking to mediate disputes between Afghanistan and Pakistan, Myanmar and Bangladesh, and even Israel and Palestine. Driven mainly by its expanding economic interests around the globe, China’s relative inexperience in conflict resolution gives it a chance to try some fresh approaches.

Still, Xi’s biggest foreign policy headache is on his doorstep: North Korea. Kim Jong Un’s regime is getting ever closer to gaining the ability to strike the U.S. with a nuclear weapon -- and Trump has threatened war to stop him. While China has responded to Trump’s pressure by tightening sanctions to unprecedented levels, it remains to be seen if Xi can stave off military action.

3) Keep Exploiting Asia’s Worries About Trump

Trump’s focus on reducing trade deficits in Asia with friends and foes alike provided an opportunity for China to improve strained ties throughout the region. In 2017, China saw better relations with Myanmar, Singapore, Vietnam, and the Philippines -- all nations that it had sparred with recently.

Still, China risks overplaying its hand. Any economic coercion to achieve its geopolitical aims threatens to scuttle the recent goodwill. Reports say it’s again blocking group tours to South Korea due to a dispute over a U.S. missile shield. In 2018, China will be tempted to flex its economic muscle with Southeast Asia in a bid to water down a code of conduct in the South China Sea.

4) Keep a Cool Head

China’s strategy of “strategic composure” in dealing with Trump’s tweets appeared to pay off. Dire predictions of a trade war failed to materialize, while Xi and Trump shared warm words in meetings in Florida, Hamburg and Beijing. This month, China had a measured response when Trump called China a “revisionist” power that is challenging U.S. influence around the globe.

Next year might be dicier, with the North Korean threat growing and the U.S.’s trade deficit with China set to widen. One potential flashpoint is a U.S. investigation into China’s alleged intellectual property violations that could be used to justify punitive actions, including higher tariffs.

5) Keep Looking Like a Reformer

Next year marks the 40th anniversary of economic reforms that put China on a path to becoming a global economic juggernaut. Xi already rolled out several big-bang measures at the start of his second term in late October, including relaxed limits on foreign ownership of banks and securities firms.

Through much of his first five years in office, a debate raged over whether Xi was a market reformer or an economic nationalist. Now with unrivaled power, Xi is poised to show the world just how far he’ll go in opening up the world’s second-largest economy.

“We may see reforms to make the state-led economy more efficient, but not necessarily more liberal,” said Trey McArver, co-founder of research firm Trivium China.

Source: Bloomberg