July 14, 2024

As the third plenary session of the 20th Communist Party of China (CPC) Central Committee will be convened on Monday, the world is watching how the pivotal gathering, also known as the third plenum, will identify priorities for comprehensively deepening reform, map out a blueprint for its long-term economic development and open up a new chapter in the country's march toward Chinese modernization. 

The plenum is being convened at an important juncture, observers said, as internally, China, while remaining on a steadfast journey toward the secondary centenary goal, is now at the critical stage of shifting gears to high-quality development mode. Externally, "profound" changes have taken place in international environment amid Western blockade against China's rise, US-instigated camp confrontation and rising geopolitical tensions. Those complex circumstances call for the CPC leadership to have a fresh assessment of the situation and formulate top-level design to sail through the choppy water, economists said.

According to a Xinhua News Agency, the upcoming plenum will primarily examine issues related to further comprehensively deepening reform and advancing Chinese modernization, noted a meeting of the Political Bureau of the CPC Central Committee in June chaired by Xi Jinping, general secretary of the CPC Central Committee.

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