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conflict in ukraine which many see as critical what china's next step will be. when it comes to the economy and business li tsiang, some argue is business friendly, seen as one who is a supporter of business, quite critical in the tesla investment in china, for example?— tesla investment in china, for example? that's right he does have a reputation _ example? that's right he does have a reputation of— example? that's right he does have a reputation of being - example? that's right he does. have a reputation of being open to working with foreign businesses, he has quite a good reputation of being practical and being down—to—earth in terms of business policy but at the same time li tsiang oversaw the same time li tsiang oversaw the devastating lockdown that hit shanghai around this time last year and i think that is critical because it showed that despite pro—business leanings, his willingness to engage with people on a practical level at the end of the day he has to implement central government policy, one of the reasons why he was appointed as because of his relation is to the chinese president, raising the question
tsiang and his plans for china? he just completed a press conference it was very safe orchestrated by the chinese top leadership, questions were screened in advance evidenced ijy screened in advance evidenced by the questions he faced not very challenging questions, a commitment to the status quo, an effort to reassure investors who had been spoked by the chinese policy direction in the last couple of quarters especially in relation to the zero covid—i9 and lack of activity or that said li tsiang is untested in terms of experience, he has experience working in shanghai previously but he has a number of challenges facing him down his he settles into office notjust ranging from the economic rebound worsening geopolitical environment. it's going to be an interesting 0utlook environment. it's going to be an interesting outlook for him as we navigate continued 2023. it's an interesting time and a time when everyone is looking to china for so many reasons not least in terms of its support for russia, decisions it makes with regards to the