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Chinese communist party’s new five-year plan eyed - TDS

FXStreet (Delhi) – James Rossiter, Senior Global Strategist at TD Securities, suggests that market participants will be keenly eyeing the 5th Annual Plenary Session of the Communist Party of China which will take place on 26-29Oct, where they’ll announce the country’s 13th Five-Year Plan (or “Guide” as it has recently been called—perhaps downplaying its importance?).

Key Quotes

“We expect a reiteration of managing local government debt exposure, lifting household incomes; broadening trade ties; opening capital markets. Growth targets for GDP over the next 5 years will be key, as well as hints on how the government plans to offset the secular slowdown in growth. We expect an announcement of a growth target of 6.5%, and with some expecting it to be “about 7%”.”

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