Xi Jinping, China’s leader, and 370 or so other Communist Party officials are meeting in Beijing this week, away from the public eye, to review a plan intended to shake the world’s second-biggest economy out of its malaise.
Mr. Xi will sit in the front of a conference hall, most likely in the Jingxi Hotel, a 60-year-old institution with Soviet-style architecture.
The party loyalists arrayed before him are near certain to acclaim his plans during the four-day meeting that started Monday and will consider a draft proposal on “further comprehensively deepening reform.”Chinese media have sought to create a buzz around Mr. Xi’s plans, but the real test may come later, as any changes in policy filter through the layers of government.
Success or failure will largely turn on whether Mr. Xi is able to win renewed confidence from the Chinese population, as well as foreign investors who have grown disenchanted with his policies.
China’s businesses and consumers have suffered in recent years through stumbling growth, a property sector meltdown and a blight of debt among local governments.On Monday morning, China released data that showed a sharp slowdown in economic growth.
Persons:
Xi Jinping, Xi, “, Xi’s
Organizations:
Communist Party
Locations:
Beijing, China