China’s Communist Party sticks to painful reform goals

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China’s Communist Party released a communique at the end of its twice-a-decade policy meeting on July 18, 2024. The report offered no quick fixes, but laid out plans to boost the economy, innovation and governance. Unlike previous plenums, which focused on long-term plans, this third plenum addressed the need to “unwaveringly strive to finish this year’s growth targets”.

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