Reported 11 months ago
After Xi Jinping secured his third term in the CCP's 20th Congress at the end of 2022, the new government took office without convening the crucial Third Plenum on economic policies, raising suspicions. It has now been confirmed by Chinese official media that the Third Plenum will be held in Beijing from July 15th to 18th. The delay of almost a year for this meeting, which should have taken place last autumn, has led to speculations that the CCP may not provide significant economic assistance measures at this Plenum. The article further discusses the recent expulsion of former Minister of Foreign Affairs Qin Gang, suggesting that similar fates of officials may be disclosed at this event. This meeting will focus on deepening reforms and advancing China's modernization. Analysts believe that the Third Plenum might prioritize ideology over substantial economic support, citing Xi Jinping's emphasis on 'new quality production forces' and infrastructure development instead of addressing low income and consumption issues among the public.
Source: YAHOO