China's leaders are opening a major meeting of the Communist Party this weekend and it could cause ripples around the world. They've said they'll discuss unprecedented economic reforms. One area where changes have been proposed is the way in which the Chinese communist system still prevents private ownership of land. Many say it's time it should change. Our China correspondent Damian Grammaticas examines the issue and begins his report in Shanghai.
With a blast from its foghorn a huge ship nudges its way past Shanghai's skyscrapers. Since China opened its economy to the world, shifting from a planned communist system to a capitalist one, its ascent has been dizzy. Now the breakneck growth is slowing, so China's new leader Xi Jinping is promising unprecedented economic reforms. Andy Rothman of CLSA Financial Services has been a long-time observer of China.