Xi Jinping just warned Australia on growth (for now)

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From Karen Moley today:

You had to listen closely, but Chinese President Xi Jinping provided two important clues as to the economic policies he will pursue in his second five-year term in the course of his epic three-and-a-half hour opening address to the Communist Party congress.

The first clue was provided by what he didn’t say. Xi made no mention of the ambitious target to double China’s gross domestic product between 2010 and 2020 which was set by outgoing President Hu Jintao at the previous Congress five years ago.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.