Opinion: Xi’s Report Offers Clues to China’s Future Economic Policy

The much-anticipated 19th National Congress of the Communist Party of China began on Wednesday, with its general secretary, Xi Jinping, delivering a quinquennial report setting the tone for the party’s ideology and policy agenda for the coming years. Xi, who is also president of the country, noted that China has entered a “new era of socialism with Chinese characteristics,” where “uneven and inadequate development” sits at odds with “people’s ever-growing demand for a better life.” To address this contradiction, Xi outlined a set of thoughts and basic principles, with an apparent greater economic policy focus on the quality and equality of development (and less on specific numerical growth targets) than before.

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