Analysts said the outcome was in line with expectations as it provided a continuation of existing policy tweaks, although nothing that hinted at China heading towards a different direction. “China’s leadership has promised to continue comprehensively deepening reform in a wide range of areas. But there are few signs that the just-concluded third plenum marks … Read more
The denouncement came one day after the closing of the ruling Communist Party’s third plenum, where party leaders vowed to bolster a high-quality workforce to develop critical technologies. Beijing views original innovation and tech self-reliance as pivotal to its footing in the global tech race and to break US-led containment. It has increased spending on … Read more
He did not give further details or plans for the legislation. Shen made the comments during a briefing a day after the party’s top policymaking body concluded its long-delayed third plenum, during which the party’s anti-corruption fight was highlighted. A full document with more policy details will be released in the coming days. 03:14 China’s … Read more
“Instead, it seems that we must prepare for a policy marked by caution and continuity.” Third plenums – this one a meeting of the Communist Party’s 20th Central Committee – have historically precipitated extensive changes to the country’s economy, with sweeping ideological statements issued to chart the course of policy for the next five years … Read more
It said: “They shouldered the same mission: to modernise China, but they were faced with different circumstances.” But Western critics of Xi remain sceptical about his pledges to reform the economy. They have pointed out that China’s growth rates have significantly slowed over the past decade while Beijing still appears to prioritise state-controlled enterprises over … Read more
Yet there are also similarities between the past and present. Some observers, such as historian Niall Ferguson, have argued that the present era is one of Cold War II. The much-heralded post-Cold War ethos of win-win globalisation and free trade appears to have given way to a rude awakening that intense strategic rivalries between great … Read more
On Tuesday the country released weaker-than-expected growth figures for the year’s first half, prompting some investment banks, including Goldman Sachs, to cut their annual growth forecast for the world’s second-largest economy. As Xi prepared to deliver a work report behind closed doors, the party’s leading theoretical journal Qiushi published a rallying cry by the Chinese … Read more
A group of heavyweight US executives will head to Beijing next week, hoping to meet with Chinese officials to obtain first-hand insight following the conclusion of China’s widely-watched third plenum, according to people with knowledge of the matter. The visit will be arranged by the US-China Business Council (USCBC), a Washington-based advocacy group. It will … Read more
China has – after some delay – scheduled the much-anticipated third plenum of its Communist Party’s Central Committee for Monday, with the four-day meeting expected to shape the country’s economic strategy for the next five to 10 years. Previous third plenums unveiled landmark changes. At the plenum of 1978, the policy of reform and opening … Read more
The one-paragraph Xinhua report on Monday morning did not offer any further details of the meeting. 09:12 China’s third plenum: what to expect from the much-delayed policy meeting China’s third plenum: what to expect from the much-delayed policy meeting The event – formally known as the third plenum of the 20th Central Committee – is … Read more
