What’s New: China’s top leaders are set to meet Oct. 26–29 to draft economic and social policies for the next five years, the official Xinhua News Agency reported Monday.
The Politburo, the ruling Communist Party’s top decision-making body, Monday set the schedule for the fifth plenary session of the Communist Party’s 19th Central Committee, a key meeting to outline the country’s next-step development plans, according to Xinhua.
Why it matters: The meeting will map out China’s development plans for 2021–25, covering almost every aspect of the country’s economic and social issues. The meeting will also draw up a long-term blueprint running through 2035, Xinhua said.
It is the highest-level policy-setting event to be held since the outbreak of Covid-19 as the world’s second-largest economy strives to reboot growth amid mounting uncertainties caused by the pandemic and worsening relationships with the U.S.
President Xi Jinping has pushed forward a “dual circulation” strategy to shift the economy’s reliance more toward domestic consumption and innovation to counter growing external risks.
Contact reporter Han Wei (weihan@caixin.com) and editor Bob Simison (bobsimison@caixin.com).
