Chinese Communist Party wraps up top policy meeting by outlining plans for nation to become greater power
- Party’s most important meeting of the year ends with decision to focus on technological innovation as major engine of growth
- The plenum also discussed plans to become a ‘great modern socialist nation’ within 15 years
The Chinese Communist Party leadership has wrapped up the fifth plenum – its most important political meeting – where the discussions focused on how China can steady its course of development at a time when the world is at a crossroads.
A communique outlining the decisions from the plenum, which maps out the country’s medium and long-term blueprints for social and economic development has been released.
More than 200 members of the party’s elite Central Committee have been meeting behind closed doors this week to deliberate on the 14th five-year plan, which identifies policy priorities for keeping the economy growing in the middle of a pandemic, supply chain disruptions, toxic relations with the West and a looming global economic downturn.
The participants also discussed a blueprint to achieve President Xi Jinping’s vision of turning China into a “great modern socialist nation” by 2035.
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What happened at the Chinese Communist Party’s major policy meeting, the fifth plenum?
The term is vague and the party is expected to release a more solid plan for the national goals over the next 15 years in coming days.
The communique put technical innovation as the key to achieving that goal and said the country expected to see a major increase in its economic and technical prowess and expected major breakthroughs in core technologies.