China looks to roll out economic reforms at key party conclave
==========

China's Third Plenum, scheduled for July 15-18, will likely reveal details of China's attempts to boost and reform its troubled economy. China is struggling to raise economic growth back to pre-pandemic levels, with a 10.1% decline in property sales in the first five months of 2024 and weak household consumption. The delay in holding the key party conclave suggests a lack of consensus over how to address the economic challenges. Experts predict that instead of big structural reforms, Chinese authorities will focus on boosting consumer and business confidence and rolling out fiscal reforms. China is also facing economic pressure from foreign countries, with the US and EU imposing tariffs on Chinese electric vehicles. Chinese President Xi Jinping emphasized the importance of science and technology innovation and likely suggests increased funding for research and development and policies to foster an innovation ecosystem. Xi's top priorities will be to strengthen his position in the Chinese Communist Party and enhance his leadership of the country.

#China #EconomicReforms #ThirdPlenum #PropertySector #ConsumerConfidence #FiscalReform #ForeignPressure #ScienceAndTechnologyInnovation #ChineseCommunistParty #Leadership

https://www.voanews.com/a/china-looks-to-roll-out-economic-reforms-at-key-party-conclave-/7677783.html