China’s New Political Cycle Could Lead Financial Markets To The Size Of US By 2025
After China’s 19th Party Congress now behind us, the primary takeaway is that President Xi Jinping has cemented his role as the most powerful leader in China since Mao Zedong. The financial reforms should lead to tripling in the size of US bond market to $37.5 Tr, stock market capitalization rising to $31 Tr and banking assets of $68 Tr.
