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China aims to reach 'new level' of prosperity by 2035

Party plenum talks of shifting international power balance

SHANGHAI/BEIJING -- The Chinese Communist Party's Central Committee on Thursday adopted an economic plan for 2021 to 2025, along with an ambiguous target of becoming a global technology leader by 2035.

A communique released that evening via state media outlet Xinhua said China's top policy-setting body proposed a "new" development pattern that will rely on the domestic market to stimulate growth. Beijing calls this its "dual circulation strategy."

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