At an unusual step, the commission will also set out a “vision” for 2035, a long-term plan for the year that Xi has set as a deadline for China “to achieve a modern socialist foundation.”
The meeting is expected to last four days and will be available if any information is to be released before closing on Thursday, at which time the commission’s decision will be announced. The Central Committee consists of more than 200 delegates elected by the party delegations at their national congresses every five years.
Richard McGregor, senior fellow at the Lowy Institute in Sydney, which focuses on the internal affairs of the Communist Party of China, says anyone who wins the White House on November 3 will face “massive economic reforms” in 2021, while Beijing’s government work to rebuild the economy.
“Compared to the United States and Europe, China now has a really good platform where they can formulate this policy framework because they have Covid-19 under control,” McGregor said. “That gives them a huge advantage.”
The Fifth Plenary Session of the Central Committee has historically been used as an opportunity to discuss the country’s five-year plan. However, this year’s conference comes at a time of global uncertainty, with many countries facing imminent economic and social turmoil.
Since then, the United States and Europe have seen epidemics of epidemics, prompting governments to impose restrictions aimed at curbing the spread of the disease, which has killed more than 1.1 million people worldwide.
In comparison, China, where the first outbreak took place, has brought the virus under control within its borders through blockades and widespread experimental targets, allowing life to return to normal in many countries.
McGregor said China’s five-year plan toward China is likely to focus on Xi’s continued push for “self-reliance”, as Beijing seeks to limit dependence on the United States and other countries.
Chinese leaders and senior officials have been promoting development and home products for years, but there is growing urgency in the face of the Trump administration’s efforts to restrict US technology sales to Chinese companies.
McGregor said Xi and the Central Committee would look for plans to limit U.S. influence on China’s economy and the damage Washington could do.
“That may take some time, because China is still lagging behind in some areas of technology, but they will focus on their lead in areas such as 5G and artificial intelligence, and shake hands in areas such as silicone,” he said.