China's Party Congress Poses Threat to Assets as Reforms Loom
- Economic calm in runup to meeting can give way to volatility
- Once-every-five-years gathering is slated for autumn
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Markets have calmed as last week’s tension with North Korea ebbed, but Goldman Sachs Group Inc. says there’s a bigger threat looming, especially for risk assets in China.
The 19th Communist Party Congress, where China’s ruling party shuffles leadership and addresses economic reform, is set to trigger an uptick in volatility for offshore Chinese stocks, if previous gatherings are anything to go by, the firm said.