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With coronavirus contained China's top leaders meet to plan next five years

October 26, 2020. Summarized by summa-bot.

China's top leaders are meeting behind closed doors in Beijing on Monday to map out their economic and political agenda for the next five years, as the ruling Communist Party looks to capitalize on its containment of the coronavirus epidemic.

Hong Kong (CNN)China's top leaders are meeting behind closed doors in Beijing on Monday to map out their economic and political agenda for the next five years, as the ruling Communist Party looks to capitalize on its containment of the coronavirus epidemic.

President Xi Jinping, who also heads the Party, will join the members of the Central Committee, the Party's top decision-making body, to draw up the 14th Five-Year Plan, the vast policy framework by which China will be governed from 2021 to 2025.

In an unusual step, the committee will also be drawing up a "vision" for 2035, a long-term plan for the year which Xi has set as a deadline for China to "basically achieve socialist modernization. "

Richard McGregor, a senior fellow at the Lowy Institute in Sydney who focuses on the inner workings of China's Communist Party, said that whoever wins the White House on November 3 will face a "massive economic repair job" in 2021, whereas in Beijing the Chinese government's work on rebuilding the economy was well underway.

The fifth plenary session of the Central Committee has historically been used as an opportunity to discuss the country's next Five Year plan.

On October 18, the government announced that China's economy had grown by 4. 9% between July and September at a time when many other countries have seen output fall.

McGregor said that China's next Five-Year Plan was likely to focus on furthering Xi's push for "self-reliance," an attempt by Beijing to limit its dependence on the US and other countries.

McGregor said that Xi and the Central Committee would be looking to "set in concrete" a plan that limited the influence the US has over China's economy and the damage which Washington can inflict.

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