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Communism

China's 20th Central Committee Convenes 4th Plenary Session, Outlines Path for Socialist Modernization

Strategic Insights

— 1 min read

The 20th Central Committee of the Communist Party of China (CPC) convened its fourth plenary session in Beijing, deliberating over and adopting the Recommendations of the CPC Central Committee for Formulating the 15th Five-Year Plan for Economic and Social Development. The session, presided over by the Political Bureau of the CPC Central Committee, focused on setting out China's path for socialist modernization by 2035. Key takeaways from the session include:

Key Takeaways:

  • The CPC Central Committee fully affirmed the work of the Political Bureau since the third plenary session of the 20th CPC Central Committee, emphasizing the country's progress toward accomplishing major objectives and tasks of the 14th Five-Year Plan.
  • China's 15th Five-Year Plan period (2026-2030) will be critical as the country works to reinforce foundations and push ahead on all fronts toward basically achieving socialist modernization by 2035.
  • The guiding principles for economic and social development during the 15th Five-Year Plan period include upholding the Party's overall leadership, putting the people first, pursuing high-quality development, and ensuring both development and security.
  • Major objectives for the 15th Five-Year Plan period include significant advancements in high-quality development, substantial improvements in scientific and technological self-reliance and strength, and notable cultural and ethical progress across society.
  • China should build a modernized industrial system, reinforce the foundations of the real economy, and achieve greater self-reliance and strength in science and technology.
  • The country should promote high-standard opening up, create new horizons for mutually beneficial cooperation, and accelerate agricultural and rural modernization.
  • China should refine its regional economic layout, promote coordinated regional development, and ensure and improve public well-being.

Statistics:

  • The PRC has marked a momentous and extraordinary period in its development during the 14th Five-Year Plan period (2021-2025).
  • China is on the verge of accomplishing the major objectives and tasks of the 14th Five-Year Plan.
  • The CPC Central Committee has set the following major objectives for the 15th Five-Year Plan period: significant advancements in high-quality development, substantial improvements in scientific and technological self-reliance and strength, fresh breakthroughs in further deepening reform comprehensively, notable cultural and ethical progress across society.

Sources:

  • Xinhua report on the 4th Plenary Session of the 20th Central Committee of the Communist Party of China.
  • The CPC Central Committee.

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