Analysis of the CCP Third Plenary Session: Possible Gradual Reform Instead of Expecting Major Breakthroughs

Reported 9 months ago

The delayed 20th CCP Third Plenary Session, set to take place in Beijing from July 15 to 18, is themed around 'studying further comprehensive deepening reforms and advancing China's modernization.' Experts suggest that groundbreaking reforms are unlikely and a bold, market-oriented liberalization reform should not be anticipated. The CCP may opt for a 'gradual' reform approach, presenting a 5 to 10-year development vision while focusing on developing 'new quality productive forces'. The session is expected to address key issues such as delayed retirement and fiscal reform to tackle labor shortages and enhance sustainable local public finances.

Source: YAHOO

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