As the 19th Congress of the Communist Party of China progresses in Beijing, some things are clear. Xi’s report to the Party Congress talks of a new thought on socialism with Chinese characteristics. The Chinese economy is envisaged as continuing its march to sophistication and becoming more balanced between consumption and investment. The party secretary’s report to the Congress states that the goal would be to make economic regulation tempered by monetary policy and macro-prudential considerations. The Chinese Communist Party would continue to reign supreme.

Source: Economic Times October 22, 2017 17:38 UTC