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China Party Congress to Signal Policy Continuity
China's 19th Party Congress is an opportunity for the leadership to signal a shift in policy priorities towards structural reform and could be a platform for stronger implementation of President Xi Jinping's agenda if, as is widely expected, he consolidates his power. However, the most likely outcome is a status quo scenario, characterised by continued adherence to high growth targets and only gradual steps on supply-side reforms to boost productivity and stabilise debt levels, says Fitch Ratings. There is broad consensus that Xi will strengthen his political power at the Party Congress, which begins on 18 October ... (full story)