China’s third plenum, which lasts from 15th until the 18th of July, is the most important plenum when it comes to new economic policies and reforms, Rabobank’s Senior Macro Strategist Teeuwe Mevissen notes.

The third plenum is focused on policies and reforms

“The third plenum is mainly focused on policies and reforms with a view on the economy and as such receive a lot of attention from everybody who wants to obtain an idea of what to expect on this front for the next 5 to 10 years.”

“While we think that domestic demand stimulus via fiscal and monetary means would be important to tackle some of China’s economic challenges, not much should be expected on this front.”

“While this third plenum could turn out to be a memorable one, few if any detailed policies and reforms are expected to be announced directly after this plenum.”