20th CPC Central Committee to hold fourth plenary session in October
The fourth plenary session of the 20th Communist Party of China (CPC) Central Committee will be held in Beijing in October, according to a decision made at a CPC Central Committee Political Bureau meeting on July 30th.
According to the main agenda of the session, the Political Bureau will report its work to the CPC Central Committee, and the session will study the proposals for formulating the 15th Five-Year Plan for national economic and social development.
Xi Jinping, general secretary of the CPC Central Committee, chaired Wednesday's meeting.
The meeting analyzed and studied the current economic situation and made arrangements for economic work in the second half of this year.
The meeting pointed out that China's current economic operation still faces many risks and challenges. It is necessary to correctly grasp the situation, enhance the sense of urgency, adhere to the bottom-line thinking, make good use of development opportunities, potentials and advantages, and consolidate and expand the momentum of economic recovery and improvement.
Also，it was emphasized that to do a good job in economic work in the second half of the year, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to the general principle of seeking progress while maintaining stability, fully and accurately implement the new development concept, accelerate the construction of a new development pattern, maintain the continuity and stability of policies, enhance flexibility and predictability, focus on stabilizing employment, enterprises, markets and expectations, effectively promote domestic and international dual circulation, strive to complete the annual economic and social development goals and tasks, and achieve a successful conclusion of the "14th Five-Year Plan".
It was noted at the meeting that the 15th Five-Year Plan period (2026-2030) is a crucial phase for consolidating the foundation and making all-round efforts to basically realize socialist modernization.
China's development is facing profound and complex changes, as strategic opportunities, risks, and challenges are concurrent and uncertainties and unforeseen factors are rising. Meanwhile, the country's economy is underpinned by a stable foundation, multiple advantages, strong resilience, and great potential, and the supporting conditions and fundamental trends for long-term sound economic development have not changed. The strengths of socialism with Chinese characteristics as well as the country's enormous market, complete industrial system and abundant talent resources are becoming more pronounced, according to the meeting.