The Communist Party's 19th National Congress is a time for the party to evaluate its performance since the last party congress, especially the economy. Here's Owen Fairclough with more.

 

The 19th Communist Party Congress is a critical moment for China's leaders to set out a long-term vision for the economy. Four, in particular, have made China's economy more responsive to market forces. Here they are-in 19 words each. The late leader Deng Xiaoping is credited with a series of landmark reforms that set China on the path to what's called socialism with Chinese characteristics and opening up his country to global trade. President Jiang Zemin ushered China into the era of globalization by overseeing accession to the World Trade Organisation. He also reduced state control of industry.

 

Jiang Zemin 1989 - 2002 Began reducing state control of industry and brought China into the era of globalization with World Trade Organisation membership.

 

Under President Hu Jintao, China's economy rocketed-an average of 10 percent growth a year. He pledged to build a harmonious society that was starting to change quickly.

 

Hu Jintao 2002 - 2012 Focus on economic reforms to produce rocket-fuelled growth, rising living standards and a commitment to building a harmonious society.

 

And how to manage China's evolution from the world's factory to a middle class, consumer spending economy has fallen to President Xi Jinping, while he champions globalization against rising protectionism in some advanced economies.

 

Xi Jinping 2012 - Present Supply side reforms cut industrial overcapacity and encourage more consumption in the world's factory as China fills globalization void.