China’s Communist Party will hold one of its most-watched meetings in July, as analysts predict the political body will lay out reforms to aid in the country’s economic recovery.
As China prepares for its annual legislative sessions, the methods used last year to prop up economic growth appear less reliable than before, prompting calls for a large-scale re-evaluation of policies and prospects.
‘Inaction and slackness’ at local levels of government are seen as potential threats to Beijing’s revitalisation vision ahead of the Communist Party’s delayed third plenum gathering.
Fresh calls from the president point to a ‘milestone year’ for the implementation of much-ballyhooed changes intended to shore up China’s economy, but ‘institutional obstacles’ pose a risk to progress.