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Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. China News Service | China News Service | Getty Images BEIJING — The twice-a-decade Chinese leadership meeting this week has significant implications for which parts of the economy will receive support or continued pressure, Natixis analysts said Thursday. Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. An official version of that report is set to be published after the party's 20th National Congress ends on Saturday. The congress&#x27 ; implications for different sectors "are a big boost for industrial policy ," analysts from the French investment bank said. They pointed to Xi's frequent mention of the need for innovation. "Green transition and semiconductors will continue to benefit," they said. China has announced it aims to reach pe...

Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. China News Service | China News Service | Getty Images BEIJING — The twice-a-decade Chinese leadership meeting this week has significant implications for which parts of the economy will receive support or continued pressure, Natixis analysts said Thursday. Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China's priorities for the next five years. An official version of that report is set to be published after the party's 20th National Congress ends on Saturday. The congress&#x27 ; implications for different sectors "are a big boost for industrial policy ," analysts from the French investment bank said. They pointed to Xi's frequent mention of the need for innovation. "Green transition and semiconductors will continue to benefit," they said. China has announced it aims to reach pe...

Analysts generally expect state-owned enterprises will perform better than non-state-owned developers in the latest real estate slump. Pictured here in Guangxi, China, on Aug. 15, 2022, is a real estate complex developed by state-owned conglomerate Poly Group. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese property developers' cash flows — a sign of the companies' ability to stay afloat — shrank this year after steady growth over the last decade, according to Oxford Economics. Developer cash flows through July are down 24% year-on-year on an annualized basis, according to analysis from the firm's lead economist, Tommy Wu. That's a sharp slowdown from growth for nearly every year since at least 2009, the data showed. Total funding as of July was 15.22 trillion yuan ($2.27 trillion) on an annualized basis, versus 20.11 trillion yuan in 2021. The drop comes as credit demand in China missed expectations in July, and property developers' strug...