Comments by Lillian Li, vice president of credit strategy and research at the firm
- "President Xi's speech at the Boao forum is in line with positions already laid out at the March NPC and the 19th CPCC... Such measures, if implemented and effective, could lower the risk of further trade restrictions. The measures include a relaxation of China's market entry restrictions, improving the business environment for foreign investment, enhancing IP protection, and proactively increasing Chinese imports".
I'm very much in agreement that Xi's speech didn't offer too much of anything new, but it was his conciliatory stance that made the difference on the day. But again, as Li's comments above mentioned, "if implemented" remains the key wording.
