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Xi wants a more self-sufficient and socialist China

General Secretary Xi’s Report to the Party Congress signalled a further shift away from market-based reforms in favour of a state-led campaign to increase self-sufficiency and economic security. Investors should also be wary of the growing focus on regulating and redistributing income and wealth. The subtext to much of Xi’s address was his dominance of the leadership: his priorities will define the next few years.

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