Dan Wang On the Extraordinary Moment for China's Party Congress

Odd Lots

Bloomberg

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4.4 • 1.6K Ratings

🗓️ 13 October 2022

⏱️ 52 minutes

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Summary

The Chinese government's biggest political gathering comes at a time of numerous challenges.Next week will see a major gathering of China's top officials known as the National Congress of the Chinese Communist Party. This event only happens twice every decade, and this particular Congress is happening at an extraordinary time for both the Chinese government and the country. Not only are officials grappling with the impact of strict pandemic-related restrictions known as Covid Zero, but they're also facing turmoil in the economy and the real estate sector. At the same time, external pressures are picking up, with the US recently imposing sweeping curbs on the way semiconductor companies do business with China. So what's on the agenda for this major political event and what can it tell us about the future direction of the Chinese economy? Dan Wang, China technology analyst at Gavekal Dragonomics, joins us to discuss.

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