China's top leaders meet to plan for next five years as dengue fever rehabilitates
China's top leaders meet to plan for next five years as dengue fever rehabilitates

China’s top leaders meet to plan for next five years as dengue fever rehabilitates

President Xi Jinping, who is also the party’s leader, will join members of the Central Committee, the party’s top decision-making body, to establish 14th Five-Year Plan, A comprehensive policy framework that China will manage from 2021 to 2025.

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.

The rally comes as the United States prepares for the presidential election, with President Donald Trump and former Vice President Joe Biden voting. Outbreaks of coronavirus worsen That so far occupies the race.

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.

The International Monetary Fund cut its forecast for the global economy in 2021 to 5.2 percent on Oct. 13 amid expectations of a “long and erratic” recovery from the epidemic.

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.

On October 18, the government announced that China’s economy grew 4.9 percent between July and September, as many other countries saw lower output.

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.

During a visit to Guangdong In October, Xi stressed that China “must focus on the development of the country and the nation on the basis of our strength, uphold national beliefs and self-confidence, and believe in our path.”

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.

China’s largest chipmaker, SMIC, announced in a Hong Kong stock exchange filing in October that its U.S. counterparty had received a letter from the U.S. Department of Commerce, warning of “restrictions” on the export of key components.

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.