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Improving Economic Data Gives Xi Scope For Greater Reforms

China’s economy entered the final quarter of 2013 with an acceleration in manufacturing and exports, momentum that offered confidence to Communist leaders gathering to determine policy shifts for the coming decade.

Industrial output rose a more-than-estimated 10.3 percent from a year earlier in October and manufacturing investment strengthened, according to data released Nov 9. by the National Bureau of Statistics. Customs data the previous day showed overseas sales rebounded by more forecast.

Failure to implement reforms on issues ranging from interest rates to local government debt and land ownership risks impeding the party’s goals of boosting incomes and spurring hundreds of millions of rural residents to move to the cities. President Xi Jinping and top Communist leaders tomorrow conclude a four-day gathering to map out an economic blueprint for changes that the State Council’s research institute says should include curbing the government’s role in the economy, adjusting the fiscal system and spurring foreign investment.

Bloomberg [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]