In the last four months, China has forged an aggressive, more nationalistic posture in Asia that may set the tone for the expected decade-long tenure of Xi Jinping, the presumptive new leader of China, analysts and diplomats say. The New York Times reports.
China’s once-a-decade leadership handover on November 15 will lift auto and consumer companies, according to a report by brokerage firm Kepler Capital Markets.
Harsh words from Republican candidate Mitt Romney about branding China a currency manipulator if he’s elected president next month is politics, but the rhetoric may well encourage Beijing to keep nudging its currency higher in the weeks ahead to avoid being at the center of the U.S. election debate, analysts say.