China's Ambitious Modernisation Plan: Xi Jinping's Vision for 2035

China's ruling Communist Party, led by President Xi Jinping, adopted a resolution for comprehensive reforms aimed at achieving socialist modernisation by 2035. The reforms intend to boost economic growth by building a high-standard socialist market economy and enhancing governance systems, while emphasizing Xi's core leadership role.

China’s ruling Communist Party has adopted a landmark resolution aimed at revitalising the nation's sluggish economic growth by 2035 through comprehensive socialist modernisation. The move comes amid President Xi Jinping's significant re-emphasis on his leadership position.

At the third plenum of the Communist Party of China (CPC) Central Committee, Xi presented a report outlining ambitious reforms designed to build a high-standard socialist market economy. Members discussed the need for effective governance systems and enhancing national security amidst slowing economic growth influenced by COVID lockdowns and international sanctions.

Although specific details of the reform package remain undisclosed, the communique highlights a commitment to deepening reforms, enhancing the market's role, and strengthening military capabilities. The Party also stressed the importance of opening up and improving foreign trade structures to ensure long-term stability and security.