Five key facts about China’s economic conference
As the Communist Party’s leadership starts its annual economic work conference in Beijing, here are the main points to note
The annual economic work conference for the ruling Chinese Communist Party’s senior cadres is probably the single most important policy setting event for the country’s economy, even though the agenda and debates are often shrouded in secrecy.
Here are the key facts about the meeting, which started on Monday and is expected to conclude on Wednesday.
1. Why is this meeting important?
The Central Economic Work Conference is the first gathering of the party’s Central Committee after the 19th party congress that will seek to translate President Xi Jinping’s concepts of development into specific targets and feasible plans.
For instance, since Xi has played down the importance of a consistently high growth rate, policymakers may discuss whether China should lower its target for GDP growth next year or even abandon it altogether.