19th National Congress kicks off; growth remains strong for 2H17; another mega-unicorn born in China
October 16, 2017
China’s twice-a-decade, all-important National Congress kicks off this week with a 3.5 hour long speech from President Xi. In the speech, the president outlined his visions for all aspects of society and economics for the next five years, while cementing his position as one of the strongest Chinese leaders in decades. Meanwhile, China’s central bank governor came out to predict continued strong growth for China in the second half of the year. Evidently so, as a Chinese tech company raises funding to become the world’s fourth most valuable start-up.
The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles.