Chinese Communist Party Congress: What you need to know

China will hold a once-every-five-years meeting this week that is expected to usher in a new era of leaders — but no change at the top of the totem pole.Held in the Chinese capital city of Beijing, the meeting is closely watched for signs of policy shifts in the world’s second-largest economy.The most powerful Chinese leader in decades, President Xi Jinping is expected to seek a second term at the upcoming Congress. Chinese text on the plate mean “national revival” and “China dream”.Even though the meeting is a major national event that is well-publicized — it has a dedicated website and has been trending topic for days on Chinese microblog Weibo — proceedings are shrouded in secrecy. For a start, the duration of the meeting this year is still unknown.

Source: Chinese Communist Party Congress: What you need to know – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.