30-12-2016 06:59 via feedproxy.google.com

Wall Street has come to a consensus about China in 2017 — here's why it's likely very wrong

A recent report from China Beige Book, a survey of the country's economy, is challenging Wall Street's prevailing notion about China in 2017.
It all hinges on one word: stability.
The expectation on Wall Street is that since the Chinese Communist Party will be holding its 19th National Congress — a process in which the party chooses its top leadership positions — in 2017, President Xi Jinping will want to keep the economy stable so there's no distraction from his relentless
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