“The complexity, severity and uncertainty of the external environment have spiked,” it said, according to a statement released by state news agency Xinhua. The session, also known as a plenum, traditionally sets economic strategy for the next five to 10 years and is often seen as the most important of the seven party gatherings held … Read more
Top priorities will include party discipline and cohesion, according to a statement issued after the meeting, though “high-quality development” was also emphasised. National security and upholding unity under the party and central government’s leadership remain the most crucial goals, while other matters such as youth employment and economic rejuvenation seem to rank lower, observers and … Read more
The central government may still unveil more forceful stimulus packages later at the annual “two sessions”, when the national legislature and top political advisory body meet, but it is unlikely Beijing will make economic growth the only priority. But, in a break with precedent, Wednesday’s meeting concluded with no reference to the third plenum, an … Read more
The move immediately raised fears of the sorts of industrial clampdowns the market has seen in other sectors, triggering a global sell-off in China’s tech stocks and wiping out billions of dollars of value. The regulator then sacked Feng Shixin, a long-serving official and publication bureau chief at the NPPA, sources told the South China … Read more
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