Why China’s Third Plenum Matters for Global Investors

From bnnbloomberg.ca

Of the countless meetings that China’s Communist Party holds regularly, the Third Plenum stands out for its potential impact on the world’s second-largest economy. The typically once-in-five-years conclave of top officials usually deals with major economic and political policy changes. Paramount leader Deng Xiaoping famously used the 1978 event to announce China’s opening up and pivot to allow market forces to play a role in what was then a Soviet model of central planning. On July 15, President Xi Jinping will convene the closed-door meeting after a rare delay. Investors will be watching closely for any ... (full story)