CCP, headed by President Xi Jinping, began the three-day meeting of the plenary session, considered to be the most important in the current context of growing competition with the US
President Xi Jinping will preside over the meeting. PIC/GETTY IMAGES
China’s ruling Communist Party (CCP) on Monday commenced a key meeting to finalise a new five-year plan amid concerns over an economic slowdown driven by US trade tensions and a sweeping purge at the top of the military. CCP, headed by President Xi Jinping, began the three-day meeting of the plenary session, considered to be the most important in the current context of growing competition with the US.
According to the data released on Monday, China’s economy grew at 4.8 per cent, the slowest pace this year compared to the previous quarters. The data for this quarter was the weakest pace of growth since the third quarter of 2024.
President Xi Jinping, who is also the General Secretary of the party, delivered a work report and expounded on the Party leadership’s draft proposals for the formulation of the 15th Five-Year Plan (2026-2030) for national economic and social development.
Besides the prevailing economic situation, the new five-year plan, the high-powered body, is expected to discuss the shifting global strategic environment with Trump’s efforts to expand the US global leadership, challenging China’s influence, especially in the global south.
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