The Chinese Communist Party's central committee will hold a key meeting in July, focusing on reforms amidst domestic challenges and international complexities. This third plenum since the 2022 leadership election will see the 205-member committee, led by President Xi Jinping, discuss further deepening reforms and promoting China's modernization.
The meeting comes as the economy faces headwinds, with a subdued property sector and insufficient "effective demand." Despite these challenges, China's economic foundation remains stable, and President Xi has emphasized the importance of continued reform and opening-up.
Third plenums have historically been pivotal in driving reforms, with the 1978 plenum under Deng Xiaoping initiating China's economic transformation. The upcoming meeting is expected to continue this legacy, shaping the country's future trajectory.