Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization
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The Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization is a document adopted by the 20th Central Committee of the Chinese Communist Party (CCP) on its third plenary session held between 15 and 18 July 2024. It outlines China's economic reform goals from 2024 to 2029.
In November 2023, the Politburo of the Chinese Communist Party decided to establish a draft group for the documents of the third plenary session of the 20th Central Committee, with Xi Jinping as the group leader and Wang Huning, Cai Qi, and Ding Xuexiang as deputy group leaders. The group held its first meeting on 8 December 2023. During the drafting process, the Politburo Standing Committee held three meetings while the Politburo held two meetings.[1]
Content
Regarding economics, the resolution said they must "better leverage the role of the market" and "make resource allocation as efficient and productive as possible", calling on to "lift restrictions on the market" while ensuring effective regulation" and "strive to better maintain order in the market and remedy market failures". The resolution also highlighted efforts in "building a unified national market".[2][3] The resolution also focused heavily on "deepening the reform of the fiscal system, deepening financial system reform, and improving the mechanism for implementing the regional coordinated development strategy," referring to the financial and fiscal sectors as "key areas."[4]
The document calls for strengthening the system of people's congress, including refining the Law on Oversight by the Standing Committees of People's Congresses. It also mentions the socialist legal system with Chinese characteristics, and calls for "establishing a system for reporting on constitutional enforcement".[5] The communique of the plenum stated all the reform tasks laid out in the resolution would be completed by the 80th anniversary of the People's Republic of China in 2029.[6]
References
- ↑ Xi, Jinping (21 July 2024). "习近平:关于《中共中央关于进一步全面深化改革、推进中国式现代化的决定》的说明" [Xi Jinping: Explanation of the "Decision of the CPC Central Committee on Further Comprehensively Deepening Reform and Advancing Chinese-Style Modernization"]. Chinese Communist Party. Retrieved 2026-04-24.
- ↑ "必须自觉把改革摆在更加突出位置——从党的二十届三中全会部署看进一步全面深化改革走向__中国政府网". 中国政府网_中央人民政府门户网站 (in Chinese). 2024-07-19. Retrieved 2024-09-13.
- ↑ "20th Central Committee of the CPC begins Third Plenary Session". Helsinki Times. 2024-07-17. Retrieved 2024-09-13.
- ↑ "党校专家权威解读三中全会精神之一丨聚焦构建高水平社会主义市场经济体制-思客". Xinhua (in Chinese). 2024-09-12. Retrieved 2024-09-13.
- ↑ Wei, Changhao; Hu, Taige (2024-07-31). "The NPC and the 2024 Third Plenum Decision". NPC Observer. Retrieved 2026-04-24.
- ↑ "CPC Central Committee adopts resolution on further deepening reform comprehensively". China Daily. 18 July 2024. Retrieved 15 September 2024.