China announces new five-year economic plan

The four-day meeting of the Communist Party of China concluded in Beijing. This was reported by Zamin.uz.

At this meeting, the country's new five-year economic program was discussed. The statement issued as a result of the meeting indicates the beginning of a new era in Chinese politics.

The statement identified the fight against corruption, technological independence, and domestic economic activity as the main directions. The greatest attention was focused on the fight against corruption.

Out of the 205 members of the Central Committee, 168 participated in the meeting, while the rest did not attend for various reasons. This signals the start of new investigations.

In particular, the dismissal of several high-ranking generals in the military sector indicates that the leadership is intensifying its internal cleansing policy. The second important direction discussed at the meeting is ensuring technological independence.

Against the backdrop of ongoing trade disputes with the United States, China is striving to strengthen its technological capabilities. Xi Jinping has set relying on its own strength in science and technology as a strategic goal.

In this way, the country aims to reduce dependence on foreign technologies and develop its industry with advanced technologies. The third main issue is revitalizing the domestic market.

China, which has relied on exports, is now striving to increase domestic consumption. However, the housing sector crisis and youth unemployment are hindering this process.

According to experts, without increasing public confidence, it will be difficult to strengthen domestic consumption. Overall, the current period is considered challenging for China.

Political stability, economic growth, and technological independence are closely interconnected. The leadership under Xi Jinping is trying to maintain a balance in these three areas.

This will determine the country's path for future development.