China’s 3rd plenary meet is more propaganda, less reform. Xi must address key challenges first

ThePrint
ThePrint
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Published 2024-07-18
The third plenary session of the 20th Central Committee of the Chinese Communist Party is finally underway in Beijing. The session, taking place from 15-18 July, has 205 full members and 171 alternate members in attendance. It aims to address China’s economic problems and boost the country’s modernisation drive.

Held once every five years, the plenum serves as a crucial platform for announcing key economic directives and reforms that attract global attention. And it assumes heightened importance against the backdrop of several challenges. These include a downturn in the real estate sector, ongoing efforts for post-COVID-19 recovery, and a notable slowdown in China’s second-quarter GDP growth rate of 4.7 per cent. Additionally, amid US-China trade tensions and American restrictions on technology transfers, it shows that Beijing is strategically pivoting toward greater economic self-sufficiency.
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