China | What do we expect for the 2024 Third Plenary Session?

Summary

The once-every-five-years Third Plenary Session of 20th Central Committee of Chinese Communist Party (CCP) always has a potential to become a milestone moment in China’s history.

Key points

• Key points:
• The Third Plenary Session of the CCP’s 20th National Congress is to be held in Beijing during July 15-18, 2024.
• President Xi Jinping, who is also the General Secretary of the CCP, will make an important work report speech to several hundred of Central Committee members at the meeting, outlining the key reforms to be implemented in the next 10 years.
• It is reported that this year’s Third Plenary Session will primarily study issues concerning further comprehensively deepening reform and advancing Chinese modernization.
• The new term was coined by the authorities as “new quality productive forces”. Centering around it, the authorities will develop a policy framework to advance China’s science and technology, promote high-end manufacturing, facilitate green economy transformation and enhance national security.
• The authorities also need to show to the public that its long-term plan is able to endure potential external shocks amid an increasingly complex international environment

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