Global ImpactChina eyes tech and economic goals for at third plenum, but few drastic changes expected
- In this week’s issue, we take a look ahead to China’s third plenum, which has been a landmark occasion since Deng Xiaoping’s groundbreaking reforms in 1978
China’s elite will assemble in Beijing next month for the long-awaited third plenum, which comes at a time of much turmoil for the world’s second-largest economy.
With this in mind, Beijing set the tone for the long-anticipated conclave by presenting ambitious economic and tech development goals for the next decade.
The 10-year timeline for these prerogatives – covering a broad range of issues, from the economy to social development and state-building amid intense external challenges – would go beyond President Xi Jinping’s third term, which ends in 2028.
The state-backed Xinhua News Agency said the plenary session would “primarily examine issues related to further comprehensively deepening reform and advancing Chinese modernisation”.
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It would also lay out a series of interim benchmarks by 2035, before China’s second ambitious centenary goal in 2049.
The plan also aimed to improve governance while maintaining firm control by the party, with reforms to be handled in a “systematic, holistic and coordinated” manner.