China’s Communist Party sticks to painful reform goals

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China’s Communist Party released a communique at the end of its twice-a-decade policy meeting on July 18, 2024. The report offered no quick fixes, but laid out plans to boost the economy, innovation and governance. Unlike previous plenums, which focused on long-term plans, this third plenum addressed the need to “unwaveringly strive to finish this year’s growth targets”.

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[alexpan]

We cannot rely on Real Estate forever. Shanghai Beijing ‘s housing prices are as high as Manhattan since several years ago, and much higher than Tokyo, while income still much lower than these 2 countries. Now we are shifting to Electric Cars, solar panels, Ship building, high speed rail, AI, etc New Technologies, to find Growth. It is necessary process, but the transition is not easy. I m Chinese .

[hillerm]

“Chinese style modernization”? Could they be any more vague?

[alvindurochermtl]

From whose perspective is it “painful”?

[amaduck]

The chinese way of economics are a thing to learn. Love and respect from india 🇮🇳

[SKB]

It was bound to happen. After certain time, growth model of any country needs to be changed. China is recognizing this & implemented timely reforms.

[robloxmbll]

You know its bad when they are admitting it

[jvp]

The CPC is actually very responsible and accountable, addressing weaknesses directly instead of hiding them.
Unlike the world's "number 1" economy which prints money endlessly and blames other countries for every failure under the sun.

[MPE-Studios]

where there is a rise, there also will be a fall, no rising forever and yet no indefinite fall, embrace reforms, toughen up when calamity strikes

[ysqpbqs]

Hoover viewed a lack of confidence in the financial system as the fundamental economic problem facing the nation. He sought to avoid direct federal intervention, believing that the best way to bolster the economy was through the strengthening of businesses such as banks and railroads. He also feared that allowing individuals on the "dole" would permanently weaken the country

[hazzardgaming]

Chinese does not look fun to speak idk?

[AshleyKeith-vwws]

My portfolio’s been all over the place since the attempt on the presidential candidate. Combine that with China’s economic crisis, and it feels like everything is falling apart.

[ornlyfw]

Painful😂 to who? The Western oriented journalists....

[garryferrington]

From what I've seen on the internet, China really needs to address the "tofu-dreg" situation.

[josephwu]

SMCP with the ominous music and anti China titles. In fact, whyte men on this channel... these are facts

[AhmetTekin]

In case they didn't notice, the Chinese 🇨🇳 regime has just released exactly the same communique that they released half decade ago.

[Lucia-syle]

He doesn't want a 4th Term. Is there someone else who can take over? Is he allowed to bow out?

[Vincentteoh]

stick to goals ignore youtube comments 😂

[Erab]

They can put efforts on economic growth because they want to modernize military and technology but cannot understand satisfaction of people, education, health and agriculture instead focus on Tibet where US is involving.

[vexusdesu]

1. Education
2. Health
3. Morals

Everything else is irrelevant

[Gobbbbbbfy]

Xijingping says where's my honey 😂😂😂