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Key meeting set to address domestic, external challenges

2020-10-27 09:40:19       source:Global Times

October 26, 2020


Top officials of the Communist Party of China (CPC) on Monday convened a key policy meeting that would set the trajectory of the country's social and economic development in the coming five years and outline vision for the next 15 years, which would offer a clear window into how China plans to tackle a litany of domestic and external challenges and what the emerging global power aims to achieve in the medium-to-long term.

The fifth plenary session of the 19th CPC Central Committee is expected to focus on proposals for the formulation of the country's 14th Five-Year Plan (2021-25) and long-term goals through the year 2035, in a continuation of a decades-long political tradition, in stark contrast to turmoil and chaos around the world, noticeably in the US - a vivid testament to the strong resilience and efficient policy execution of China's unique political and economic system.

In line with new economic trends, top CPC officials will likely avoid setting specific numerical targets for the 14th Five-Year Plan, but it will likely further build on the success over the past five years in a wide range of areas from economic growth and poverty alleviation to environmental protection, and will aim to achieve two milestones: becoming the world's largest economy and largest high-income society in the next decade or so, despite unprecedented and quite often unpredictable risks, experts noted.


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