China Chinese People's Political Consultative Conference

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

The Chinese People's Political Consultative Conference (CPPCC) measures the political consensus and policy recommendations from various sectors of Chinese society, including business, industry, and academia, aimed at influencing decision-making in the Chinese government. It primarily focuses on socio-economic issues, development strategies, and collective voices from non-Communist parties and organizations, serving as an advisory body within China's political framework.

Frequency

The CPPCC convenes annually, typically in early March, and its proceedings are released as preliminary discussions and resolutions, which may later be refined or elaborated upon in other official documents.

Why Do Traders Care?

Traders and investors pay attention to the CPPCC as it provides insights into China's economic direction and policy priorities, which can significantly affect market sentiments, particularly for Chinese equities and the Yuan. Key announcements on fiscal policy, growth targets, or reforms made during this conference can lead to shifting expectations in the financial markets, affecting global commodity prices and investment flows.

What Is It Derived From?

The CPPCC is derived from the collective input and recommendations of its member representatives, who come from various sectors across China. This includes surveys and discussions among over 2,000 members, whose recommendations are compiled to form a framework that influences national policies and priorities.

Description

The CPPCC serves as a platform for discussing and recommending government policy but does not have legislative powers. While its resolutions can shape the national agenda, they are considered advisory and are often aligned with the Communist Party of China's broader strategic goals, reflecting both the socio-economic climate and the political environment in the country.

Additional Notes

The CPPCC is often considered a coincident economic measure that reflects current political dynamics rather than predictions of future economic conditions. Its outcomes and discussions should be contextualized within China’s broader economic trends, including other significant reports or indicators from the National People's Congress (NPC) and the Chinese Communist Party (CCP).

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CNY, Bullish for Stocks. Lower than expected: Bearish for CNY, Bearish for Stocks. The tone from the CPPCC is generally dovish, signaling economic support and growth initiatives, which is usually good for the Yuan but could be seen as bad for Stocks due to potential inflationary pressures stemming from expansive fiscal policies.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise