China's Communist Party’s annual conclave will be held from October 20 to 23 in Beijing and it could be a major driver for markets. The Politburo has already reviewed a draft of the plan but it will go to the central committee this month before going to the National People's Congress in March for final approval. The Politburo has been vague but pledged to grow the economy by developing so-called “new productive forces” including technology, reform and opening up the economy. A Bloomberg report said there would be an updated version of "Made in China 2025" focusing on high-value technology. The biggest macro impact in the longer term might be more of a shift to a consumption-driven economy, something that China has struggled with and something the US has urged.