China's ruling Communist Party will hold a key meeting from July 15 to 18 on ways to further deepen reforms, the country's state-run media said.
The third plenary session of the 20th Central Committee, which had been originally scheduled for last fall, will also discuss issues on "advancing Chinese modernization." The convening of the gathering was decided Thursday at a meeting of the Political Bureau, the party's top decision-making body, which was chaired by leader Xi Jinping, the official Xinhua News Agency said.
The plenum is expected to set Beijing's mid- to long-term economic policy amid challenges faced by the Asian powerhouse, including a prolonged property sector crisis.
The delay of the session, following a twice-a-decade party congress in 2022, has sparked speculation about the difficulties in coordinating a personnel reshuffle as well as policies to cope with the real estate sector problem.
The Communist Party typically holds seven plenums over a five-year cycle. Important decisions have been made during previous third plenary sessions, including the adoption of the reform and opening-up policy in 1978 and the easing of the country's one-child policy in 2013.
