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China’s third plenum

China’s third plenum
The Chinese Communist Party held its third plenum of the 20th Party Congress in July 2024, a long-anticipated meeting where the country’s leaders are expected to release a plan for reform that will chart a sustainable growth path and address economic difficulties.
last updated:
13 September, 2024
The net proceeds from Alibaba Group Holding’s latest bond offering will be used for general corporate purposes, including repayment of offshore debt and share buy-backs. Photo: Shutterstock
Alibaba

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

China economy

Opinion | There’s hope for China’s economy, as long as planners can ‘let go’

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China's economic recovery

China’s middle class is riding a wave of optimism for now, but can it last?

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Hong Kong politics

Opinion | A stronger, safer Hong Kong will contribute to civilisation

Striking a sound balance between development, security and progress is both a call of the times and a historical mission for Hong Kong.

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Illustration: Craig Stephens
China’s Communist Party

Is China looking at Mao-era plan to boost economic self-reliance?

The original plan moved industries west to counter the threat of invasion, but now the prime motivation appears to be supply chains.

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Science

China cracks down on academic misconduct as part of push to beat US in tech war

By naming and shaming Chinese researchers for misconduct, China’s science ministry is doubling down on its push towards tech prowess.

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Hong Kong politics

Hong Kong must better sync up policies with Macau, mainland China: Starry Lee

Starry Lee, who sits on NPC Standing Committee, says more policy coordination between jurisdictions aligns with spirit of third plenum.

A veteran Hong Kong politician has called for greater policy alignment between jurisdictions overseeing the Hong Kong-Zhuhai-Macau Bridge. Photo: Eugene Lee
China education

China’s urban-rural gap is a threat to growth. Is the divide too wide to fix?

Researchers report waning optimism about social mobility among rural Chinese as education disparities create obstacles for economy.

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Hong Kong politics

Hong Kong has critical role in country’s reform: senior Beijing officials

Commerce minister Wang Wentao and key legal official Shen Chunyao brief political elites on third plenum resolution in Hong Kong session.

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US-China relations

Opinion | Far from an aggressor, China has been remarkably restrained

Despite becoming a US peer competitor, China’s practice of strategic forbearance does not point to aspirations of global hegemony.

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Illustration: Stephen Case
China economy

Opinion | China’s third plenum shows its reform era has entered a new phase

As China strives to build a “high-level socialist market economy”, expect the central government to build on the reforms of past decades.

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People riding bicycles and electric scooters wait at a traffic light in Beijing, on July 18 as the Communist Party of China’s third plenum draws to a close. Photo: EPA-EFE
Hong Kong economy

Hong Kong must be ‘3 centres, 1 hub’ as stated in China’s third plenum: Paul Chan

City must position itself as international centre for finance, shipping and trade, and a major talent hub, finance chief says in blog post.

China’s Communist Party

China’s third plenum highlights the quiet rise of political theorist Wang Huning

The CPPCC chairman’s role on the plenum’s documents drafting team shows he remains Xi’s ideological ‘brains trust’, an observer said.

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Paris 2024 Olympic Games

Letters | A bright side to Olympic gold medallist Vivian Kong’s retirement

Readers discuss the fencer’s image as a heroine, tennis gold for China, false allegations against a boxer, and China’s third plenum communique.

Vivian Kong arrives to compete in the women’s epee final during the Paris Olympics on July 27. Photo: AFP
China society

Opinion | What China watchers should know about where the country is headed

The reforms outlined in the third plenum sets the groundwork for deepening efforts such as poverty alleviation to sustainable development.

A giant screen shows President Xi Jinping attending the Communist Party’s third plenary session in Beijing on July 18. Photo: Reuters
Hong Kong economy

Opinion | How Hong Kong can fulfil its crucial role in China’s modernisation

Reform continues to be a central theme in the Communist Party’s vision for China, which offers scope for Hong Kong to play to its strengths.

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US-China relations

Opinion | Trump’s return as US president would not be all doom and gloom for China

Trump’s return, while expected to affect how China will carry out Xi’s reforms, could also work in Beijing’s favour geopolitically.

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Diplomacy

Opinion | How Hong Kong can help overturn narrative of China turning inwards

With its world-class biotech research and unique East-meets-West culture, Hong Kong could facilitate cooperation between China and the rest of the world.

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Elderly people rest in the park in Hong Kong’s Cheung Sha Wan district in August last year. Hong Kong could develop its health industry and help address common concerns such as population ageing. Photo: Jelly Tse
China economy

Opinion | The era of the entrepreneurial Chinese local government is over

Local governments, so crucial to China’s economic take-off, have arguably become the biggest drag on the economy and must now be reined in.

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China's population

Far from farms: China aims to energise economy with new urbanisation action plan

A five-year undertaking could see 70 per cent of all Chinese settled in large cities, with newly granted urban-residency status and benefits, to expand domestic demand and industrial upgrades.

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China’s Communist Party

A firebrand commentator analysed China’s third plenum. Now he’s gone silent

Firebrand former Global Times chief is absent from Weibo and WeChat after publishing now-deleted piece on China’s economic strategy.

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Firebrand former newspaper editor Hu Xijin is typically a prolific poster on social media, but his accounts have been quiet since Saturday. Photo: Weibo
China's economic recovery

Open Questions | Ex-World Bank economist on why ‘China will not be misled’, dodging Japan’s fate

Professor and economist Justin Lin Yifu says China’s industrial policy is paramount to continued development, tech innovation and the transition to higher productivity.

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Illustration: Victor Sanjinez Garcia
China economy

Opinion | China must heed its own lessons in tackling past overcapacities

Overtightening hurt China’s economy in the past. Faced with new overcapacities, China should adopt a more expansionary fiscal and monetary policy.

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Diplomacy

China wants to be better prepared for strategic risks like economic sanctions

The top leadership vowed to improve ‘early warning’ systems to identify threats to its interests and investments overseas at last week’s third plenum.

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China economy

The View | How China’s move to cap salaries is redefining finance’s role in society

The measure shows the central government sees finance as a support mechanism for the real economy, not a stand-alone profit centre.

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A pedestrian walks through Pudong’s Lujiazui Financial District in Shanghai in January 2023. The government has announced plans to cap the annual salaries of financial workers at around 3 million yuan as part of efforts to redistribute talent and resources to more productive parts of the economy. Photo: Bloomberg
China society

Opinion | Solutions to China’s birth rate problem don’t lie in Japan’s playbook

Japan’s expensive, inefficient approach will not get China back on the right track, and neither will the coercion of the one-child policy.

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A woman carries a child at a park in Beijing. China’s population shrank by 2 million people last year, a trend that looks set to continue. Photo: Bloomberg
China’s military

China’s third plenum shows it is ‘not in the mood’ to slow down on nuclear arms

Analysts expect speedy boost to ‘quality and quantity’ of China’s nuclear arsenal, as Russian stand shows power of ‘strategic deterrence’.

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China economy

Shanghai to open up further to boost Yangtze River Delta region’s development

Shanghai and neighbouring provinces of Zhejiang, Jiangsu and Anhui will fine-tune their business environment to spur activity in the YRD region, official says.

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