Five takeaways from China plenum's economic blueprint

Long-term guideline calls for resilience but without household demand boost

20240722 China plenum takeaway.JPG

Clothing shop in Beijing: Some economists have called on the Chinese government to spur domestic spending to absorb present industrial overcapacity.   © Reuters

WATARU SUZUKI, Nikkei staff writer

SHANGHAI -- The Chinese Communist Party released on Sunday a lengthy long-term policy blueprint adopted at a meeting of high-level members last week. The closely watched meeting, known as the third plenum, came against the backdrop of slowing economic growth exacerbated by a major downturn in the property sector as well as rising trade tensions with the U.S. and other countries. Here are five takeaways from the plenum.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.