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China’s Communist Party meets to set out the 13th Five-Year plan
October 27, 2015, 3:20 am

File Photo: Xi Jinping and Li Keqiang walk to cast their votes at the fifth plenary meeting of the first session of the 12th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 15, 2013 [Xinhua]

File Photo: Xi Jinping and Li Keqiang walk to cast their votes at the fifth plenary meeting of the first session of the 12th National People’s Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 15, 2013 [Xinhua]

A key meeting of Chinese Communist Party leaders focusing on the next five-year plan is being held in Beijing from Oct. 26 to 29.
The plenum is the annual gathering of the 205 members of the party’s Central Committee.

Leaders of the Communist Party of China (CPC) have gathered in Beijing to discuss the development plan for the next five years.

The Chinese Communist Party has nearly 90 million members but power resides with the Central Committee.

A meeting of the Political Bureau on Monday, presided over by the CPC Central Committee general secretary and Chinese President Xi Jinping said the “Chinese people made major progress”.

The 13th five-year plan will outline national priorities and set economic and social development targets.

The focus at the meet will be on the Chinese government’s main economic and development initiatives for 2016-2020.

China cut interest rates for the sixth time in less than a year on Friday. China’s economy grew 6.9 per cent in the July-to-September quarter from a year earlier.

Plenums often entail landmark political reforms and are seen as the most important meetings in Chinese politics.

Chinese President Xi has made tackling corruption a hallmark of his presidency since assuming the position in 2013.

TBP and Agencies