BEIJING (AP) — China’s Communist Party has Top-level conference President Trump on Thursday endorsed policies aimed at improving the country’s technological capabilities and strengthening national security.
A statement issued at the end of the four-day conference provided only broad outlines, with more details expected to emerge in the coming days.
The statement pointed out that “the present and future are important times for comprehensively advancing the great cause of building a strong country through Chinese modernization and national rejuvenation.”
He said the tasks outlined at the meeting are scheduled to be completed by 2029, the 80th anniversary of the founding of the People’s Republic of China.
The statement said development and security needed to be coordinated, and expressed concern that strengthening national security would weigh heavily on the economy.
But he stressed that “national security is an important foundation for the steady and long-term development of Chinese modernization” and “the fundamental guarantee for the Party’s leadership to achieve its goals.”
The meeting also endorsed President Xi Jinping’s repeated calls for “high-quality development,” suggesting that Beijing will continue to prioritize investment in technology and encourage companies to improve their equipment and know-how in the tough situation China faces. Tighter regulations It is focused on access to advanced Western technology, including cutting-edge computer chips and artificial intelligence.
“High-quality development is the number one task in comprehensively building a modern socialist country,” the statement said.
Foreign investors and markets were watching to see what countermeasures the party would take. China’s real estate market is sluggish China is struggling with sluggish manufacturing and weak consumer confidence that are hindering its recovery from the COVID-19 pandemic.
economy Growth slowed to 4.7% Despite a series of measures aimed at encouraging families to buy homes, home buying rates fell year-on-year in the April-June quarter as property investment and sales continued to fall.
Addressing concerns about weakening consumer confidence, Thursday’s statement acknowledged the need to “improve basic, bottom-up livelihoods, address people’s most direct and real interests, and continue to respond to people’s aspirations for a better life.”
He promised to improve income distribution, the job market, social security and the health care system, but did not provide specifics.
Similarly, the statement mentioned the need to address risks in the real estate market and other threats to the economy, but did not provide details.
Another priority is easing the financial strain on local governments, who are burdened with huge debts after a crackdown on heavy borrowing by property developers plunged the property sector into crisis and cut off a key source of tax revenue from the sale of land-use rights.
Thursday’s announcement mentioned only general terms the need for tax reform and better integration between cities and rural areas.
China’s leaders have repeatedly said the country remains open to foreign investment and will improve its business environment, despite the Communist Party’s ever-tightening control over companies, social media, financial regulators and other aspects of life.
Thursday’s statement reiterated the need for openness and market liberalization, but also said the party must guard against any “ideological risks.”
The meeting is unlikely to result in any major policy changes, Julian Evans-Pritchard of Capital Economics said in a commentary. “There appears to remain tensions between policies aimed at stabilizing the economy and expanding the supply side, and policies aimed at giving market forces a role and restoring balance between growth and consumption,” he said.
This week’s meeting Third Plenary Meeting The third plenary session of the Party Central Committee, made up of 205 members, will begin a five-year term in 2022. The third plenary session, postponed from last year, typically sees major economic policy decisions made. Past landmark plenary sessions helped spark China’s emergence as a global manufacturing and financial powerhouse during the “reform and opening up” era.
Details of the policy decisions will emerge gradually, probably after the party’s powerful Politburo meets later this month.
The meeting also addressed disciplinary measures against former senior officials, dismissing former foreign minister Qin Gang from the Central Committee and approving investigation reports into three former senior military officials.
Qin Foreign Minister dismissed That was just a year ago, just a few months after he took office, and the government has yet to explain why.
The Central Military Commission’s report investigated actions by former Defense Minister Li Shang-bok, as well as dismissed former commander of the military’s rocket force, Gen. Li Yuchao, and former chief of staff Sun Jinming, which it described as “serious breaches of discipline and law.”
Ministry of Defense I said last month The former defence minister was dismissed last year within a year of taking office after he was accused of abusing his power by accepting bribes in return for favours.
The sudden dismissals of the new foreign and defense ministers have raised questions about the party’s leadership but do not appear to have affected government policy.
The statement stressed the importance of modernizing the military amid rising tensions with the United States and neighboring Asian countries, and called for improving military leadership, management and operational capabilities across the services.
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Kurtenbach reported from Bangkok.
