BEIJING: The 20th Central Committee of the Communist Party of China (CPC) started its third plenary session in Beijing on Monday morning.
Xi Jinping, general secretary of the CPC Central Committee, delivered a work report on behalf of the Political Bureau of the CPC Central Committee and expounded on a draft decision of the CPC Central Committee on further comprehensively deepening reform and advancing Chinese modernization.
Earlier, The 20th Central Committee of the Communist Party of China (CPC) started its third plenary session in Beijing on Monday morning, where top Party officials will set the direction for China’s further comprehensively deepening reform that will carry significant importance for China’s economic and social development for years to come.
Xi Jinping, general secretary of the CPC Central Committee, delivered a work report on behalf of the Political Bureau of the CPC Central Committee and expounded on a draft decision of the CPC Central Committee on further comprehensively deepening reform and advancing Chinese modernization, according to media.
The session will run from Monday to Thursday.
The meeting, often referred to as the third plenum and is held roughly once every five years, played a critical role in China’s reform and opening-up that started in 1978 and underpinned China’s economic miracle over the past four decades or so. This year’s session is expected to focus on further deepening reform and expanding high-level opening-up, in order to promote high-quality development and advance Chinese modernization, experts said.
Given China’s increasingly important role on the global stage as the biggest contributor to global growth, the third plenum has also drawn widespread attention from around the world, as many are looking to major reform measures in the world’s second-largest economy that could create greater opportunities. Coming as the world is faced with rising geo-economic tension, the third plenum will offer a sense of continuity and certainty, as it will highlight China’s unwavering commitment to reform and opening-up, even as some advanced economies have turned inward and become protectionist, experts noted. –The Daily Mail-Global Times news exchange item
