The Political Bureau of the Communist Party of China’s Central Committee recently held a meeting to discuss the current economic situation and economic work. During the meeting, it was decided to convene the Third Plenary Session of the 20th CPC Central Committee to further analyze and study these issues. General Secretary Xi Jinping presided over the meeting, where important decisions were made regarding economic policies and measures.
In another event, the Communist Party of China held the Third Plenary Session of the 20th Central Committee in July. The party stated that it will deepen reforms to address economic challenges and promote Chinese-style modernization.
The meeting of the Political Bureau of the CPC Central Committee also emphasized the importance of avoiding tightening policies that may need to be loosened later. The upcoming Third Plenary Session in July will focus on reform and modernization efforts.
Additionally, the Political Bureau of the CPC Central Committee discussed the early issuance of ultra-long-term special government bonds, as well as the flexible use of interest rates and deposit reserve ratios. These measures are aimed at providing increased support for the economy during these uncertain times.
Overall, the Communist Party of China is actively addressing economic challenges and implementing various measures to promote high-quality development and modernization in the country.