The Communist Party of China has begun in Beijing.

[kafa88]

China starts one of the most important political meetings of the year to be held in Beijing over four days.The fifth general meeting of the 19th CPC Central Committee will see China release a five-year economic and development plan.But President Xi Jinping is likely to reveal a long-term plan for the next 15 years, called "Vision 2035". Analysts said this prompted speculation that he was intended to be. President for life" is the main


Benjamin Hillman, a professor at the joker Australian National University, said the aim of the Vision 2035 was to "set goals for China's progress in achieving a high income status." [It is a fully developed country] by the year 2049 But "the idea of ​​the 2035 manifesto also sparked speculation that Xi Jinping intends to lead China during this time, becoming president for life," he told the BBC.China lifted the presidential term limit in 2018, leaving Mr Xi more than two terms.More than 300 full and reserve members of the party's Central Committee are attending the meeting, the country's supreme leader.


On the last day, China's state media agency often announced details of what was agreed at meetings.This year's meeting came as China's economy recovered from the virus epidemic as life in most of China's cities returned to normalcy.



What can we expect to see this year?


Crucially, China's five-year plan 2021-20-25, which details policies and development priorities over the next five years.China is the only major economy to publish a five-year policy plan and have been in operation since 1953.Professor Hillman said President Xi "It wants the Chinese economy to be more self-reliant and less dependent on US markets and technology.


Therefore, we are likely to see more economic targets set for domestic consumption and also. "Shift investment from low-cost manufacturing to high-cost technologies such as semiconductors, renewable energy, medicine and space science.Earlier this month, President Xi stressed the idea of ​​a strategy. "Dual turnover", which aims to reduce China's dependence on foreign markets.Professor Hu Thieng Boon from Nanyang Technological University in Singapore believes the strategy is likely a direct response to worsening US-China relations.


I think China has concluded that [it] absolutely cannot depend on the US and the international environment," he told the BBC.Even if that doesn't mean they will become thoughtless they will still hold on to the opportunities available.