Shuli Ren, Columnist

Xi's the Key-Person Risk for Emerging Markets

China's president may be around for a long time. There are two ways of looking at that.

February 26, 2018 at 4:18 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Chinese Communist Party's Politburo Standing Committee Meet the Press — Qilai Shen/Bloomberg

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Riots, drought, social instability: Emerging markets are never easy. Now investors face a potentially bigger test -- they must decide whether President Xi Jinping's determination to remain in power in China is a risk-on or risk-off moment for the whole asset class.

The Communist Party is set to repeal presidential term limits this month in a step that would allow the 64-year-old to rule beyond 2023, and perhaps for life.