World China’s Top Leaders to Meet Oct. 26 to Discuss Economic Plans

14:11  28 september  2020
14:11  28 september  2020 Source:   bloomberg.com

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China ' s top leaders are meeting in Beijing to discuss the country's future economic direction, as well as to set up the leadership succession after Several hundred national and provincial officials are expected to discuss key parts of the country's next five-year development plan , which starts in 2011.

BEIJING (Reuters) - Top leaders in China ’ s ruling Communist Party will hold a key meeting from Oct . 26 to 29 to discuss the next five-year plan , state The 13th five-year plan has been one of the most anticipated documents from China in which the party outlines national priorities and sets economic

(Bloomberg) -- China’s top leaders will meet Oct. 26-29 to draft economic and social policies for the next five years, as President Xi Jinping prioritizes domestic consumption and innovation to counter the threat of decoupling from the U.S.

a person standing in front of a building: People pass a gate in front of Huaneng Power International Inc.'s Gaobeidian thermal power station in Beijing, China. © Bloomberg People pass a gate in front of Huaneng Power International Inc.'s Gaobeidian thermal power station in Beijing, China.

The Communist Party’s Politburo set the dates Monday for a gathering of the larger Central Committee, the official Xinhua News Agency said, without elaborating. The ruling party plans to discuss proposals for the country’s development plan for the 2021-25 period, Xinhua said in July, as well as draw up a long-term blueprint that runs through 2035.

China uproots ethnic minority villages in anti-poverty fight

  China uproots ethnic minority villages in anti-poverty fight Under a portrait of President Xi Jinping, Ashibusha sits in her freshly painted living room cradling her infant daughter beside a chair labeled a “gift from the government.” The mother of three is among 6,600 members of the Yi ethnic minority who were moved out of 38 mountain villages in China’s southwest and into a newly built town in an anti-poverty initiative.

China ' s Ministry of Commerce says U.S. and Chinese trade envoys have discussed strengthening coordination of economic policies. A meeting scheduled for last week was to be held online but was postponed. The two governments have yet to announce plans for face-to-face talks in the next stage

BEIJING (Reuters) - China ' s top leaders have started an annual meeting to map out economic and reform plans for 2018, the official Xinhua news agency reported on Monday. The closed-door Central Economic Work Conference is keenly watched by investors for clues on policy priorities and key

The five-year plan covers almost everything in China’s economic and social life, from growth targets and pollution control to education and national defense. The document, which is being drafted as Xi’s government works to blunt U.S. efforts to contain China, will need a final stamp of approval from the National People’s Congress next year.

The decision to outline plans beyond the party’s usual five-year cycle has renewed speculation that Xi desires to stay in power. Xi, 67, pushed through a constitutional amendment in 2018 to remove term limits that would’ve required him to give up the presidency in 2023.

What We Know:

The 14th five year plan will cover the years 2021-25.In October, the fifth plenary session of the 19th Central Committee of the Communist Party of China, will put forward a proposal for the next plan.This proposal is usually released weeks after the meeting with some details.The plenum will also advise on the long-term blueprint to 2035.Plan will be approved at the National People’s Congress in 2021, and should cover almost everything in economic and social life, from poverty alleviation to pollution control, education to national defense.It’s normally general and theoretical. Local governments also compile individual plans and central government ministries will roll out more specific plans for different areas.

Xi has urged China to pivot to a more self-reliant “dual circulation” economy to drive growth, supplemented by foreign technologies and investment. He told a Sept. 1 meeting that the shift was a strategic decision made in accordance with “changes in China’s development stage.”

China and the U.S. have been engaged in an intensifying confrontation on everything from democracy in Hong Kong to data security over apps such as TikTok and WeChat. A gloomy global economic prospect post-Covid 19 crisis and President Donald Trump’s efforts to push America’s allies to shun cooperation with Beijing have prompted Chinese leaders to shift inwards.

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©2020 Bloomberg L.P.

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