From China 26th, "5 Plenary Session" Discussions on economic policies and long-term goals October 26, 6:37
A Communist Party meeting to discuss China's future important policies will be held from the 26th to discuss new "five-year plans" such as basic economic policy, as well as long-term goals that indicate the national strategy up to 2035. ..
If the long-term goal is shown is 25 years, it can be seen that there is an aim to further rock-solid the power base for the realization of long-term administration of Xi Jinping Jintao.
Including Xi Jinping leadership in Beijing, China, the Communist Party to discuss the future of the important policy and attended by more than 300 executives meeting "unanimously in 5" will be held from 26 days up to this month 29 days.
Many police officers and police vehicles were stationed around the military-controlled facility, which was supposed to be the venue.
At the meeting, in addition to the new "5-year plan" that includes the basic policy of economic policy from next year to 2025, long-term goals up to 2035 were discussed, and a communiqué summarizing the results was announced on the final day. Is expected.
The focus will be on what strategy to show in the high-tech field, where the battle for hegemony with the United States is fierce, and depending on the content, it could be a source of new conflict between the United States and China.
On the other hand, if a long-term goal showing the national strategy up to 2035 is formulated this time, it will be the first time in 25 years since Jiang Zemin's leadership at that time showed it in 1995, and it will be the foundation of power toward the realization of President Xi's long-term administration. It seems that there is an aim to make it even more solid.
What is "5 Plenary Session"?
The Chinese Communist Party's "Plenary Session" is the fifth plenary session held during the term of office by the "Central Committee", one of the highest leadership bodies elected at the party convention once every five years.
The party convention is the party's highest decision-making body, which is held once every five years, and elects about 200 "central committee members" and about 160 "central candidate members" who will be executives in key positions in the party and government. Organize a central committee.
Until the next party convention is held, this central committee will replace the party convention and hold a plenary session at least once a year to decide important policies and personnel.
Plenary sessions are customarily held seven times over a five-year period, of which the five plenary sessions, often held two years before the next party convention, once made important decisions.
In 2010 the current Xi Jinping Jintao was elected vice chairman of the Central Military Commission of the key positions in the military, take over the Chinese President Hu Jintao at the time, it has solidified its position as the supreme leader.
Last time, in 2015, it was decided to abolish the so-called "one-child policy" that had been implemented for more than 30 years to curb population growth.
Focus on long-term goals and executive HR
The focus of this "5 Plenary Session" is the long-term goals and executive personnel that indicate the national strategy up to 2035.
Of these, if long-term goals are set, it will be the first time in 25 years since Jiang Zemin's leadership at that time announced in 1995.
It seems that President Xi wants to solidify the power base for the realization of a long-term administration by showing the goal of 2035, which greatly exceeds the second term of office.
Another focus is executive HR.
At the 2010 Plenary Session, the current President Xi was elected Vice President of the Central Military Commission, consolidating his position as the next Supreme Leader.
For this reason, if the executives who are considered to be the successors to President Xi are not selected at the 5th plenary session this time, the possibility of continued investment after the third term of President Xi will increase.
Last month, the Chinese Communist Party enacted a new rule, the "Central Committee of the Chinese Communist Party Work Ordinance," obliging party executives and others to defend the "central authority of the party," with President Xi as the "core." In front of the 5th party, he was strengthening his concentration of power on President Xi.
The focus of economic policy is
The focus of the economic policy of this "5 Chuzenkai" is how to launch a strategy called "bi-circulation" = "two cycles", which was first shown in May, in a new five-year plan. ..
The specific content of the strategy has not been clarified, but it is said that a new development model will be created by connecting the "circulation" of the domestic economy and the "circulation" of the international economy.
Of these, the main focus is on domestic “circulation,” which is expected to reduce the dependence on exports, which have supported high growth, and to grow the domestic industry by expanding domestic demand.
On the other hand, the international “circulation” seems to be aimed at attracting foreign investment and transfer of advanced technology, which will lead to the sophistication of domestic industry.
The "Made in China 2025" launched in 2015 aims to reach the world's top level in the high-tech field, such as raising the domestic production rate of semiconductors to 70% by 2025, and the US-China conflict over supremacy in this field. It also triggered.
China is expected to put more effort into fostering high-tech fields in this "two-cycle" strategy, and the background to the domestic initiative is that it depends on foreign countries for the supply chain = supply network including parts procurement of such high-tech products. It seems that there is also an aim to reduce the risk of doing so.
For this reason, depending on the specific content of the strategy, it may become a new source of conflict between the United States and China, and the so-called "decoupling" in which the United States tries to disconnect its economic ties with China will There is also a view that it may go further.