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China Sets Fifth Plenum for Oct. 26–29

It offers a signal of Beijing's policy priorities for growth next year.

Overview

  • China’s Politburo, which met on Monday, Sept. 21, formally scheduled the 20th Central Committee’s fifth plenum to run Oct. 26–29 in Beijing.
  • President Xi Jinping chaired the Politburo meeting that prepared the agenda and emphasized internal party governance and discipline.
  • State reporting says the plenum will focus on 'the sustained advancement of full and rigorous party self-governance' and will gather more than 300 full and alternate Central Committee members.
  • Markets and analysts say they will watch the plenum for broad language on consumption support, fiscal measures or local government debt even though detailed policy actions are not expected.
  • Xi’s meeting with U.S. President Trump in the days before the plenum could shape Beijing’s external context and influence the tone of any economic signals, with possible effects on investors, local finances, and household demand.