In the middle of this month, China’s Communist Party leaders, military leaders, provincial heads and academics will gather to map out the country’s long term economic strategies. Expectations for major changes are low.
The party’s leadership in the Politburo provided a hint of the meeting’s agenda late last month, saying it would seek endorsement of a “resolution on comprehensively deepening reform and advancing Chinese modernisation.” The listed private technology sector had around $3 trillion wiped off its market capitalisation as a result of the crackdown.
China’s deteriorating trade relationships with its biggest market in the West – the US and Europe – aren’t helping and represent a threat to Xi’s strategies.
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