China convenes third plenum with focus on economic reforms, advancing modernisation

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Published 2024-07-16
The Chinese Communist Party is holding its third plenum. The closed-door gathering, held once every five years, is expected to throw up a series of economic measures to address issues hindering growth. Political observers said officials are not likely to deviate far from China's self-declared path of development, or "Chinese-style modernisation". According to World Bank data, China has lifted 800 million people out of poverty. Tan Yew Guan reports.

All Comments (16)
  • In the 90's, China experienced a credit crunch and a severe downturn with hundreds of millions state owned enterprises' workers laid off. It was close to bankruptcy until it joined WTO in 2000 with the help of US. Foreign investment started pouring in, overseas orders flooded the market and then, Chinese authorities discovered the alchemy of selling land use rights to raise cash to invest in infrastructure projects which increases the value of future land-use-right sale. Hundreds of thousand projects propping up in China since 2000 financed by debt without regards to actual economic value but what the local party boss imagination and pursuit of local GDP growth. Now, all the bills are due, infrastructure projects can't even generate enough cash flow to support maintenance, and yet, Xi is only focused on one thing, how we do generate economic numbers that show the superiority of our system?
  • @SK-lt1so
    Let me guess, more despotism? 🤷‍♂️
  • We appreciate how well you've articulated your insights. Keep doing your best.
  • @harbinger6562
    Congratulations Victory is also ❤️🇨🇳🦾😇👋
  • @johnny-ih5es
    China modernized quite a number of underdeveloped countries in Africa.
  • Phones and components make Vietnam the second-largest exporter in the world. Since 2022, Vietnam has outstripped India to become the second-largest exporter of smartphones, only after China, with over 13% of the global market share.24 Jun 2024
  • 对1949年国共内战的结果他们不服啊,那怎么办?再打一遍?
  • @louistan7560
    Is the Plenum merely focusing on "growth issues," or is CNA's information and vocabulary limited?
  • WHATS YOUR NAME NO BRAINER THEY CALL ME TRINITY MOVIE I SEE THEM BUILD HOUSES
  • @jack-mg1so
    再说一次,只是一年一次的寻常会议,不是五年一次,搞清楚全代会和中央委员会全体会议的区别😢😮😅😊😂你们似乎太过于关注了
  • @aprilmay2125
    1) 我们中华民族自古以来就热爱和平, 对于任何愿意与我们真诚交往的国家, 我们都会欢迎!但是如果是说一套、做一套, 那就请不要浪费我们的时间和精力了!!! 2) 我们中华民族是一个有着五千年文明历史的国家, 虽然我们在近代的两百年落后了, 但我们仍然要挺起脊梁!!! 完全没有必要因为需要发展经济, 而去迁就美国或是西方的任何无理而又霸道的行为! 无论外部环境的好坏, 我们发展经济以及提高科技实力都要靠我们自己, 而不是任何国家的恩惠!!!🇨🇳👍🇨🇳👍🇨🇳👍🇨🇳👍🇨🇳👍🇨🇳👍 3) 中国与俄罗斯的联合, 既是唇齿相依的必然, 同时又具有开起一个新纪元的划时代的深远意义!!! 🇨🇳🤝🇷🇺🤝🇨🇳🤝🇷🇺🤝🇨🇳🤝🇷🇺 👍🌸👍🌸👍🌸👍🌸👍🌸👍 The strategic partnership between China and Russia is NOT ONLY the result of the GEOGRAPHICAL INTERDEPENDENCE of our two countries BUT ALSO the CORNERSTONE of an EPOCH-MAKING MULTI-POLAR world! 4)美国政府向来是说一套做一套!!! 说得再多也比不上停止对台军售, 解除对中国企业的制裁和减免对中国产品的关税更有说服力!!! 中国政府该出手时就要出手, 绝不能容忍美国政府的任何霸凌行为!!! 5) Taiwan has been part of China since 15th century! TAIWAN WILL REUNITE WITH THE MAINLAND CHINA IN THE NEAR FUTURE!!! NO COUNTRY on this planet can block this IRREVERSIBLE TREND OF HISTORY! Those western hypocrites who are refusing to recognize the reality WILL BE DOOMED INTO THE DUST BIN OF HISTORY!!! 6)我们中华民族虽然自古以来就热爱和平, 但绝不是软弱可欺的! 对于那些甘当美帝国主义走狗的人或国家, 我们绝不能客气! 该教训时我们绝不能手软! 历史证明这些甘当美帝国主义走狗的人或国家绝不会有好下场!!! 🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳👍👍👍👍👍👍 The past thirty years’ history has demonstrated that those DEPRAVED THUGS AND TRAITORS who SHAMELESSLY WANT to be the RUNNING DOGS of American hegemony HAVE BEEN AND WILL CONTINUE TO BE DOOMED INTO THE THE DUST BIN OF HISTORY!!! 南沙群岛以及周边水域自古以来就是中国领土的一部分! 强烈支持中国海警对南海水域的巡逻执法!!! 🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳 👍👍👍👍👍👍 7) 君子坦荡荡, 小人长戚戚! 根本就不必在乎西方媒体的胡说八道! 西方有些媒体既弱智又心理变态! Do NOT bother to pay any attention to the VILIFICATIONS of western media! Most of western major media are MANIPULATIVE and NOT trustworthy when they are reporting news about the countries with different ideologies! Do NOT bother to pay any attention to THE VILIFICATIONS of western media! Those hypocrites of western media are CHEAP IDEOLOGICAL MORONS with NEGATIVE IQ!!! Most of the major western media are in fact the COMPLICIT of American hegemony! They are very good at 颠倒黑白、倒打一耙、贼喊捉贼!!!👎👎👎👎👎 8) IT IS THE U.S. GOVERNMENT which has been the FUNDAMENTAL CAUSES of many EVILNESSES in the contemporary world since the end of Cold War!👎👎👎👎👎 a) IT IS THE U.S. GOVERNMENT which on one hand always emphasizes its championing of the so called western values, and on the other hand is supporting Israel’s bombing of hospitals in Gaza right now!!!👎👎👎👎👎 b) IT IS THE U.S. GOVERNMENT which on one hand claims that the U.S. is the beacon of the world, and on the other hand MAKE FORTUNE by promoting hatreds between countries or between different ethnic groups and then selling weapons to countries or ethnic groups in the conflicts!!!👎👎👎👎👎 c) IT IS THE U.S. GOVERNMENT which on one hand claims its support of market economy and free trade, and on the other hand keeps WHIMSICALLY suppressing and containing Chinese high-tech companies!!!👎👎👎👎👎 9)以美国为首的西方政治蠢货们还在做着两百多年前的西方霸权梦! 可惜现如今不是1924年!! 而是2024年!!! 应该看清现实的是欧洲的那些政治蠢货们!!! 欧洲的这些政治蠢货们越跟在美国的后面充当美国霸权的走狗, 这些国家就会变得越无足轻重!!!👎👎👎👎👎 G7 is EVIL7!!!👎👎👎👎👎 IT IS THOSE DELUSIONAL WESTERN POLITICAL MORONS WHO NEED TO WAKE UP from their DAYDREAM of western hegemony!!! RIGHT NOW IT IS 2024 NOT 1924!!! Those DELUSIONAL European political MORONS should understand that THE MORE they follow the American HEGEMONIC policies, THE MORE INSIGNIFICANT THESE EUROPEAN COUNTRIES WILL BECOME!!!👎👎👎👎👎 10)美国政府对中国的高科技产业的打压只会是搬起石头砸自己的脚!!! All the efforts made by the U.S. government to suppress and contain the development of Chinese high-tech industries will be FUTILE!!! NEITHER the United States NOR any other country on this planet can block the progress of People’s Republic of China!!! The U.S. government can ONLY BLOCK THE PROGRESS OF THE UNITED STATES ITSELF!!! 那些唱衰中国经济的人们, 到头来只会是唱衰了他们本国的经济!!! Those people who are betting the decline of Chinese economy WILL ULTIMATELY FACE THE REALITY OF ECONOMIC DECLINE OF THEIR OWN COUNTRY!!! 11) 世界的和平与繁荣发展需要的是多建设桥梁与铁路, 而不是在不同的种族, 宗教或不同的意识形态之间散播仇恨! 更不是以捍卫民主自由为名, 行战争贩子之实,以各种形式不断地卖武器, 大发战争的不义之财!!! To achieve the LONG-TERM PEACE AND PROSPERITY, we need to BUILD MORE BRIDGES AND HIGH-SPEED RAILROADS around the world, NOT to spread hatreds between different ethnicities, religions or between different ideologies! Unfortunately, in the name of promoting democracy the U.S. government and its western allies are CONSTANTLY SELLING WEAPONS in various forms and SHAMELESSLY MAKE FORTUNES by sacrificing millions of innocent lives without any hesitation! The period of thirty years after the collapse of the former Soviet Union is NOT an equilibrium state, BUT A TRANSITIONAL STATE, during which the world experienced constant violences and wars! This uni-polar world dominated by American hegemony will be replaced by an EPOCH-MAKING multi-polar world, and NO ONE can block this IRREVERSIBLE historical trend! Those western hypocrites who are refusing to recognize the reality will be DOOMED INTO THE DUST BIN OF HISTORY!!!  12) The system of BRICS countries has become and will continue to be one of the most important polars in this BURGEONING MULTI-POLAR world! 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦🤝🇪🇬🇪🇹🇮🇷🇸🇦🇦🇪 👏🌸👏🌸👏🌸👏🌸👏🌸👏 青山遮不住, 毕竟东流去! 历史发展的大趋势谁也无法阻挡!!! 13) By ARBITRARILY imposing economic sanctions against other countries, the U.S. government is DIGGING THE GRAVE for the U.S. dollar as the reserve currency of international trade!👎👎👎👎👎 14) People around the world should be UNITED TO FIGHT AGAINST American hegemony! 当今世界苦美国的霸权与霸道久矣!!! ===================== 支持双方立即停火!!! 支持巴勒斯坦人的合法权利!!! 支持巴勒斯坦国加入联合国!!! 支持"两国的"解决巴以冲突的方案! 🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳 The ratio of people who have been killed for Israeli vs Palestinian since October 7, 2023, is 1200 : 37000! Even children in the kindergarten know which number is bigger!!! The DOUBLE-STANDARD of the U.S and its allies fully demonstrates that MOST of WESTERN politicians are HYPOCRITICAL RACISTS!!! ACTIONS SPEAK MUCH LOUDER THAN EMPTY WORDS!!! CEASEFIRE IMMEDIATELY!!! SUPPORT PALESTINIAN!!! SUPPORT THE PALESTINE’S FULL U.N. MEMBERSHIP!!! SUPPORT THE TWO-STATE SOLUTION!!! 🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳🇵🇸🇨🇳