China's Strategic Path: Power, Security, and High-Quality Development

China's Communist Party concluded a high-level meeting, endorsing policies to bolster technological prowess and fortify national security. The meeting highlighted the importance of national security in achieving Chinese-style modernisation by 2029 and supported high-quality development amidst economic challenges. Disciplinary measures were also addressed against former senior officials.

China's ruling Communist Party wrapped up a top-level meeting on Thursday by endorsing policies aimed at boosting the country's technological power and strengthening national security. A statement released after the four-day meeting ended provided only a broad-brush summary, with more details likely to surface in the coming days.

The statement highlighted that the current and future period is critical for the comprehensive promotion of building a strong nation and national rejuvenation using Chinese-style modernisation. The outlined tasks are to be completed by 2029, marking the 80th anniversary of the People's Republic of China. It emphasized the importance of coordinating development and security, acknowledging concerns that expanding national security measures could impact the economy.

National security was stressed as fundamental for steady and long-term development, with party leadership as the essential guarantee for achieving this goal. The meeting also supported Xi Jinping's calls for high-quality development, signaling continued investment in technology despite tightening restrictions on Western advanced tech access. Foreign investors and markets were closely watching the party's stance on countering the real estate slump and weak consumer confidence affecting post-COVID-19 recovery.