Investors reveal wishlist for China's leaders as they attend 19th Party Congress

'Bad debt' among key issues that must be addressed

Investors are urging China's leadership to tackle issues including the country's rapidly expanding 'bad debt' levels at this week's 19th Party Congress to avoid a "disorderly unwind" in years to come, although they do not believe the world's second largest economy is facing a hard-landing risk at this point.

Concerns about debt levels in China rose over the summer as Standard & Poor's downgraded the country's credit rating from AA- to A+, with some analysts estimating levels could reach as high as $7.6trn by the end of this year (see chart below for the debt breakdown). But although fund managers highlighted there is unlikely to be an immediate fallout, they urged officials gathering this week at the five-yearly plenum to urgently address the country's growing debt pile or face repercussions in years to come. Jake Robbins, manager of the Premier Global Alpha Growth fund, said he remains p...