Xi Jinping, China's Vice-President, has won a key endorsement in his ambition to succeed Hu Jintao as general secretary of the Chinese Communist Party at a congress scheduled for late 2012. Xi, the son of a Chinese revolutionary hero, is seen as relatively internationalist in outlook, supportive of private business and was once described by former US treasury secretary Henry Paulson as "the kind of guy who knows how to get things over the goal line''.
Who's Up Who's Down
The question of which leaders are set to succeed President Hu Jintao and Premier Wen in 2012 will form a key hidden context to much of the debate at this month's National People's Congress.
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.