Chinese communist party’s new 5-yr plan in focus - TDS

FXStreet (Bali) - Chinese communist party’s new 5-yr plan in focus, to take place from Oct 26 until Oct 29, with Richard Kelly, Head of Global Strategy at TD Securities, noting that growth targets for GDP over the next 5 years will be key.

Key Quotes

"The 5th Annual Plenary Session of the Communist Party of China takes place, where they’ll announce the country’s 13th Five-Year Plan (or “Guide” as it has recently been called—perhaps downplaying its importance?)."

"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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