China will not change after the National Congress

I finally agree with Goldman on something. Those looking for a great pivot back to the old stimulus-China post-XI Jinping ascension to heaven are wrong. You can certainly expect more stimulus but still incremental and nothing will save property. Chinese mRNA vaccines are not imminent.

The Chinese Communist Party will hold its 20th n Party Congress on October 16.

The meeting is highly anticipated as this Congress (and the first Plenum immediately after it) will elect the new Politburo and its Standing Committee, a group of the most senior leaders in China, who will be in office for the next five years. In this report, we outline the leadership reshuffling process in China, and discuss its policy implications.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.