Listen very carefully, and you can hear the changing of the guard. No, it is not the spectacle of Buckingham Palace. It is the preparations for the 20th National Congress of the Chinese Communist Party on Oct 16 — the most important political event of the decade in China.
In some ways, the coverage of the National Congress is like the media coverage of the new King, focusing on minor details as a guide to how things will develop. The King’s spat with a leaking pen in Scotland is said to sign significant changes in how the monarchy will rule.
The same applies to the detail of actions in the Politburo, who sits where and who wears what. We provide no analysis of these actions, but businesses must prepare for some inevitable disruption by changing the guard in China.