China’s Five-Year Plan and Leadership Transition


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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.

From Brookings Institute

China’s Communist Party recently released a new five-year plan and introduced to the world the next Chinese head-of-state — Xi Jinping. In an interview with Reuters Insider, Cheng Li discusses the leadership styles and strategies Xi will likely employ in moving China’s economic and political reforms forward.

REUTERS: Tell us, Dr. Cheng, what is the most important thing we should know about the outlook of Mr. Xi Jinping towards the international economy and the market economy?

CHENG LI: He is a very market-friendly person and he worked as a provincial chief or municipal boss in three places in China, namely, Fujian, Zhejiang, and Shanghai. These are all the economic-rich and the market well-developed areas. So during his tenure in these three provinces, he always works very well with private sector, with entrepreneurs, whether foreign companies, joint venture, or private sector. So he has a good reputation as a market-friendly leader. I think that serves well when he becomes top leader.

REUTERS: Within China, we know that there tensions between the successful provinces of the kind that Mr. Xi is very familiar with and at the areas that had been left behind, and some of these tensions play out in- against China’s dealings with friction- in trade friction from abroad. How will a man like Mr. Xi balance the competing demands of- from the West to China open up more to other people in China who want to go a little bit slower?

CHENG LI: Well, this is exactly what is whatever his shortcomings, because he did not have the leadership experience in inland region although during the cultural revolution he was sent [to the coastal region], one of the poorest provinces in China. And that experience may help him, but still he did not have a solid leadership experience in poor inland province. But on the other hand, I think that he represents a group of leaders, what I call the “Elitist Coalition,” which really represents interest of entrepreneurs, middle class, and the coastal region. I think in a way that can balance with Hu Jintao’s approach called “harmonious society” allocated more resources to inland region so that tension, that competition is a healthy development in China’s leadership or politics. I think Xi Jinping could contribute at the process. But if his power always will be balanced by Hu Jintao’s protégé still favor more balance in the regional development, still pay more attention to social safety net, low income housing. But Xi Jinping, in my view, will promote private sector, including property development, including the openness for foreign investment and also China’s participation in global economy.

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