The 20th National Party Congress of the Chinese Communist Party that kicked off on Sunday

promises to be one of the most significant events in China's modern history.

That's largely because President Xi Jinping is widely expected to secure a third five-year term

as General Secretary, the top leader of the party, in a break from the long-held convention

that Chinese leaders serve only two terms.

And this unusual extension of Gee's leadership is coming amid the slowest pace of growth

in the economic giant in decades. I'm Allison Nathan and this is exchanges at Goldman Sachs.

On this special episode we're breaking down our most recent top of mine report.

China's economy is facing substantial challenges owing to the country's ongoing zero

COVID policy and significant stresses in its large property sector.

Whether President Xi will use his further consolidation of power at the Congress

to shift policy priorities towards boosting growth

is a critical question for China's

economic outlook. We first speak with UC San Diego Susan Schirk for more context

on the Congress and its significance. I'm sure I'm not the only person of a certain age who hears

20th party Congress and immediately thinks about

de-stallinization, the secret speech that Khrushchev gave in the Soviet Union, in which he

criticized the over-concentration of power that Stalin had held and started de-Stalinization

in the Soviet Union. So that secret speech had tremendous reverberations for communist countries

around the world but this 20th party Congress will not be one of renouncing centralized leadership.

It is really quite the opposite.

It is confirming Shejen-Ping's leadership and his intention to remain in power as long as he can.

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