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Note for the diary - China's plenum meeting in July will focus on the economy

2024-12-30FOREXLIVEFOREXLIVE
Expectations for big stimulus are low

China's ruling party will hold its third plenary session of the 20th Communist Party of China (CPC) Central Committee on 15-18 July.

The focus will be on the reform of the economic system. Expectations for additional stimulus measures remains low though.

Key areas of focus include:

  • stimulating domestic demand
  • enhancing the efficiency and quality of economic growth
  • addressing issues such as insufficient demand, high pressure on enterprises, and various risks in key sectors
  • further opening up the economy, fostering innovation, and supporting private sector development

The meeting is of China's roughly 370-person Central Committee. The Central Committee is the largest of the party's top decision-making bodies. To prevent leaks, plenum attendees are traditionally confined to the venue for the duration of the meeting.

xi china plenum 03 July 2024 2

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