The 20th Central Committee of the Communist Party of China (CPC) concluded its fourth plenary session in Beijing on Thursday, outlining priorities for deepening reforms and advancing modernization. The closed-door meeting brought together senior leaders to discuss strategies for sustaining economic growth amid global uncertainties.
A communique released after the session emphasized strengthening technological innovation, expanding domestic demand, and stabilizing financial markets. Analysts suggest these measures aim to bolster China's position as a driver of Asian economic recovery while addressing challenges in property markets and local government debt.
The plenary reaffirmed commitments to green energy transition and rural revitalization programs, key components of China's dual circulation development strategy. Cross-strait relations were also addressed, with the communique reiterating support for 'peaceful development' across the Taiwan Strait under the one-China principle.
For global investors, the outcomes signal continued focus on market-oriented reforms and high-tech industry support. The session's resolutions are expected to influence policy directions leading up to China's 14th Five-Year Plan midterm review in 2025.
