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終於等來：三中全會七月開。 提前劇透內容：習近平不會當總統，經濟救援無新招，人事變動無下文。電車補助一萬元以舊換新，百姓有錢不敢買？【江峰漫談20240430第863期】

江峰时刻・2 minutes read

The Third Plenary Session of the 20th Central Committee of the Communist Party of China, focusing on deepening reforms and modernization, is set for July 7, 2024, with a detailed agenda. Xi Jinping's leadership emphasizes economic reform, addressing challenges like domestic circulation and complex external environments through fiscal and monetary policies.

Insights

  • The Third Plenary Session of the 20th Central Committee of the Communist Party of China, set for July 7, 2024, will focus on deepening reforms and modernization, historically marking significant policy shifts and attracting global attention.
  • Specific measures discussed in the session include expanding e-commerce exports, supporting private enterprises overseas, attracting foreign investment, issuing special treasury bonds, and implementing policies to boost domestic demand, reflecting a comprehensive approach to economic challenges and opportunities.

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Recent questions

  • What is the focus of the Third Plenary Session of the 20th Central Committee of the Communist Party of China?

    The Third Plenary Session of the 20th Central Committee of the Communist Party of China, scheduled for July 7, 2024, will primarily focus on deepening reforms and modernization. This session is crucial globally and historically significant, often marking significant policy shifts in China.

  • How many leaders and scholars are expected to attend the Third Plenary Session of the 20th Central Committee of the Communist Party of China?

    The Third Plenary Session of the 20th Central Committee of the Communist Party of China is expected to attract around 400 top leaders and scholars for a week-long closed-door meeting. This gathering is crucial for discussing key issues and shaping future policies.

  • What are some specific measures discussed at the Third Plenary Session to support the economy?

    Specific measures discussed at the Third Plenary Session include expanding e-commerce exports, supporting private enterprises overseas, and attracting foreign investment. The government also plans to issue ultra-long-term special treasury bonds and accelerate the use of special bonds to bolster the economy.

  • What challenges does China face in terms of its economy, according to the Third Plenary Session discussions?

    China faces challenges such as domestic circulation issues and a complex external environment, prompting the need for proactive fiscal and monetary policies. Efforts to expand domestic demand, update equipment, and implement trade-in plans are underway to address these challenges.

  • How does the Chinese government encourage spending among its citizens, as mentioned in the Third Plenary Session discussions?

    The Chinese government encourages spending among its citizens by offering a policy where paying 10,000 yuan allows an extra 100,000 yuan to buy a car, thus incentivizing consumption. This policy aims to stimulate economic growth and increase domestic demand.

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Summary

00:00

China's 2024 Plenary Session: Reform and Modernization

  • The Third Plenary Session of the 20th Central Committee of the Communist Party of China is scheduled for July 7, 2024, focusing on deepening reforms and modernization.
  • The notification for this session was unusually detailed, covering all key issues to be discussed.
  • The session is crucial globally, attracting around 400 top leaders and scholars for a week-long closed-door meeting.
  • Historically, Third Plenary Sessions have marked significant policy shifts, such as the end of Mao Zedong's rule and the initiation of economic reforms.
  • Xi Jinping's leadership has emphasized deepening reforms, aligning with past Party lines and focusing on economic issues.
  • The session's theme is economic work, with a focus on reform rather than just opening up.
  • Specific measures include expanding e-commerce exports, supporting private enterprises overseas, and attracting foreign investment.
  • Challenges include domestic circulation issues and a complex external environment, prompting the need for proactive fiscal and monetary policies.
  • The government plans to issue ultra-long-term special treasury bonds and accelerate the use of special bonds to support the economy.
  • Efforts to expand domestic demand, update equipment, and implement trade-in plans are underway, with a recent subsidy rule for automobile trade-ins issued by multiple government departments.

13:09

Chinese Deposits, Car Policy, Housing Challenges, Plenary Session

  • Chinese people have deposits of 137 trillion yuan, with a per capita deposit of 100,000 yuan.
  • The central government offers a policy where paying 10,000 yuan allows an extra 100,000 yuan to buy a car, encouraging spending.
  • The policy requires a savings of 300,000 yuan for a couple with a child to meet basic Chinese conditions.
  • China lacks welfare, with high mortgage pressure, education costs, and uncertain medical care.
  • Xi Jinping's policy aims to replace old assets with new ones, increasing affordable housing and reducing inventory.
  • Shanghai faces a real estate downturn, with office buildings being sold due to financial challenges.
  • The Third Plenary Session of the Central Committee involves personnel changes, with potential promotions and revocations of membership.
  • The session, scheduled for July, is crucial due to the collapse of the Xi family's management model and uncertainties in personnel issues.
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