The most important date for the most important gathering of China's 2017 political calendar is now set: October 18.
That's the date announced for the start of the 19th national congress of China's ruling Communist Party, an essential gathering that takes place every five years.
First, this meeting with mark the end of Xi Jinping's first five-year term as head of the Communist Party of China and a number of senior members of the Party are expected to retire. In addition to making leadership changes, the national congress also reviews and makes changes if necessary to the Party's Constitution as well as selects the Central Committee, a powerful decision-making body.
There is no doubt that Xi Jinping will stay for a second term, but the real question for the national congress is who will join Xi on the Politburo and the Standing Committee - essential bodies that will influence commercial policy, economic reforms, and American businesses operating in China the next five years. Also, the outcome of gathering will provide an early indication whether Xi may break with recent precedent and stay for a third term (2022-2027) - a move which will lead to a new dynamic for American companies selling goods and services to the Chinese marketplace.
The timing of the congress will allow Xi to set the nation's direction - from unveiling his new leadership lineup, dispatching any challengers, as well as outlining new policy guidelines for his second term — days before President Trump's expected first visit to China in November.
To assist C-Suite executives to identify opportunities and challenges based on the policy and personality outcomes of this important gathering, on October 30 Caracal Global will release American Business and Xi's Second Term - A C-Suite Primer.
The report will explore the outcomes of the national congress and capture how the Chinese authorities will seek to balance growth, economic reform, and stability. For years, Chinese authorities have attempted to achieve growth and reform to move China's economy to world-class status, cultivate domestic strategic industries, and secure foreign direct investment. Outcomes of the gathering with set the roadmap for how the ruling Communist Party and Xi Jinping intend to guide China for the next five years and highlight policy opportunities and challenges for American businesses.
Designed for C-Suite executives, this Caracal Global primer will provide a foundation for your company to help better guide your auditing, research, planning, and management for your China business operations.
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