Five Things to KNow About Chinese Plenum

1) The Third Plenum is the third meeting of China’s Central Committee since a once-in-a decade leadership change took place a year ago.
2) The Third Plenum is significant because it tends to focus on economic policy and in the past has been used as a platform to launch major reforms.
3) The meeting is expected to be held under tight security and little news of the discussions is likely to be made public until the plenum closes.
4) Expectations for change are high, with Yu Zhengsheng, China’s fourth-ranked politician, promising “unprecedented” reforms at the plenum.
5) China’s leaders could avoid reform on politically-sensitive subjects such as the state-owned enterprises, analysts say, adding that the devil will be in the detail and what action Beijing actually takes once the plenum is over.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza