China economic focus September 2022: the 20th party congress - prioritising self-reliance and stability
The 20th National Congress of the Communist Party of China (CPC congress) will be held on 16 October. We expect the 20th CPC congress to emphasise self-reliance and stability in China’s economic strategy. On self-reliance, there will be a renewed focus on fossil fuel supply in the short term and a continuous effort to strengthen the position of state-owned enterprises. On stability, more stimulus measures for the property market will likely be released. Aggressive support could save China from a near-term financial crisis but will add to the risks in the future.