More talk, less action to come from China

While some may have high hopes ahead of the Communist Party of China’s plenary meetings this weekend, others expect more talk than action to come from Beijing. The world will be watching China during these sessions, which take place from November 9–12, as they represent an important test to see if the new leadership has the ability to make meaningful reforms across its financial sector, including pensions, shadow banking and state-owned assets. The country’s pension system is li…