The Chinese ruling party will hold a political conference to mark the 40th anniversary of the 'reform and opening up' policies, which were launched by former leader Deng Xiaoping. Chinese president Xi Jinping is expected to deliver a keynote speech at the event, which will focus on the topic of economic liberalisation. Meanwhile, high-ranking Chinese leaders will attend the annual Central Economic Work Conference (CEWC), which takes place in the days that follow the political conference. The CEWC will outline the priorities for economic policy next year, including growth targets. Policymakers face a particularly pronounced trade-off between de-risking and rebalancing the economy and preventing a sharp slowdown amid external strains. However, they are expected to focus on the stabilisation of the domestic economy amid the recent trade spat with the US. The details of the discussions that take place at the CEWC will not be publicised until March 2019.