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Chinese Third Plenary Session Comes into View

Posted by WorldWideMarkets . on Nov 5, 2013 3:17:00 AM

The Chinese Communist Party Central Committee’s Third Plenary session will be held at the end of the week (November 9 through 12). Though it is not expected to have an impact on global financial markets as China is the world’s second largest economy it should not be discounted.

These sessions have been used in the past to announce major policy changes. This year’s could range from something domestically focused such as land reform to changes in policy to offset slower growth or moving Chinese manufacturing further up the value chain, or even a push for more rapid yuan appreciation against the dollar. Perhaps even changes to allow for more market influence over interest rates.

One just never really knows what will transpire at these sessions which is why they should at least be noted. China

 

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