Beijing: The 20th Central Committee of the Communist Party of China will hold its fourth plenary session in October in Beijing, with a focus on deliberating the next five-year plan for the country’s social and economic development.
The announcement came on Wednesday after a meeting of the Political Bureau of the CPC Central Committee, which was presided over by Xi Jinping, general secretary of the CPC Central Committee.
According to the main agenda of the upcoming session, the Political Bureau will report its work to the CPC Central Committee and study the proposals for formulating the 15th Five-Year Plan, China’s strategic road map for national economic and social development between 2026 and 2030, according to a statement issued after Wednesday’s meeting.
It was noted at the meeting that the next five years is a crucial period for consolidating the foundation and making comprehensive efforts to basically realize socialist modernization.
As China is facing profound and complex changes in its development environment, with strategic opportunities, risks and challenges coexisting and uncertainties and unforeseen factors growing, it is essential to maintain strategic focus, strengthen confidence in certain victory, actively adapt to the changes, secure strategic initiative in fierce international competitions, and make significant breakthroughs in the strategic task of promoting Chinese modernization, the statement said.
It is important to accelerate the building of a new development paradigm, consider both domestic and international situations in a coordinated way, and balance development and security, in order to promote the economy’s effective upgrade in terms of quality and facilitate its appropriate growth in terms of quantity, the statement added.
The meeting’s participants highlighted the need to promote the overall well-being of the people, make solid strides toward common prosperity for all, and ensure that decisive progress is made in realizing socialist modernization.
Five-year plans serve as comprehensive blueprints for China’s economic and social advancement, outlining the goals, strategies and priorities across various sectors for each period. -China Daily
