The Consequential Meeting in China Being Held in Secret
Jul 15, 2024
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Exploring China's secretive Third Plenum meeting, the podcast dives into economic reforms, technological advancements, and managing external challenges amidst slow growth and low confidence.
The Third Plenum in China shapes political and economic landscapes through crucial policy decisions.
Expectations for outcomes from the Plenum include reaffirmation of the Communist Party's central role in economic policies and focus on strengthening China's production base.
Deep dives
China's Third Plenum of the Communist Party's Central Committee
The Third Plenum of the Communist Party's 20th Central Committee in China, a significant policy meeting, is currently ongoing. This meeting is crucial for shaping the political and economic landscape in China. Historically, third plenums have led to major reforms like the launch of China's reform and opening drive by Deng Xiaoping in 1978. The current economic challenges in China, such as slow growth and low confidence, emphasize the importance of the decisions made in this plenum.
Anticipated Priorities and Challenges in China's Policy Directions
Expectations for the outcomes of the Plenum include a reaffirmation of the Communist Party's central role in directing economic policies and priorities. The focus is likely to be on strengthening China's production base and preparing for future technological advancements and industries. Despite potential needs for reforms to support consumption and openness to foreign capital, concerns around geopolitical tensions may limit immediate commitments to significant changes.
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The Consequential Third Plenum Meeting in China's Communist Party
Every five years China's Communist Party holds a meeting in secret called the "third plenum". And while it may sound arcane, there are a lot of important policy decisions that have come out of this meeting. Our correspondent in Beijing tells us what is at stake for the meeting this week.