Party Congress
Wall Street Desire for Xi to Pivot to Growth Faces Reality Check
- Few signs party congress will prompt rethink by China’s leader
- Upcoming gathering expected to reaffirm signature Xi policies
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As President Xi Jinping marches toward his second decade in power, predictions abound that he’ll ease policies that have sealed China’s borders, battered stocks and blown up the dollar-bond market. There’s little sign any such shift is in the works.
The optimism hinges on expectations Xi will usher in a more benign investing environment after the twice-a-decade Communist Party congress slated to start Oct. 16. The idea is policymakers will take bolder steps to shore up the economy once Xi locks in a precedent-breaking third term and packs key posts with loyalists.