But geopolitical tensions, rising costs and other factors are making the country less attractive for some foreign companies, prompting them to look for greener pastures in regions such as Southeast Asia. The congress is also an occasion for China to showcase what it proclaims as its achievements, with special emphasis on the decade-long Xi era. Just last week, Washington slapped another round of sanctions on China’s tech sector. While Xi is most likely to further cement his power, the congress is expected to address other important issues, including how to cope with the ever-heightening rivalry with the US. The focus is on the highly anticipated extension of President Xi Jinping’s reign as party chief, a move that would break with the leadership term limits established by Deng Xiaoping in the aftermath of the disastrous Cultural Revolution.

The city’s attention is on events in Beijing where the once-in-five-year national congress of the ruling Chinese Communist Party is set to kick off on Sunday.

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