At a meeting on September 28, the CCP CC Politburo announced that the Fifth Plenary session of the CCP's 19th Central Committee will be held in Beijing from October 26 - 29, 2020. In addition to discussing the 14th Five Year  Economic and Social Development  Plan, the Plenum will discuss the CCP's goals to be achieved by 2035, also called the "2035 Vision". Reuters quoted an insider on September 29 stating that the plan will set economic growth targets for the next five years, but these will be lower than the target set in the previous five-year plan. It said that according to people familiar with the matter, the average annual growth rate of gross domestic product (GDP) recommended by Chinese government think tanks and economists for the 14th Five-Year Plan is around 5% to 6%. The average annual GDP growth target set by the leaders of the Chinese Communist Party for the "13th Five-Year Plan" from 2016 to 2020 is more than 6.5%. The source said that as the rift between China and the United States continues to widen and the Chinese economy is facing increasing challenges, the Beijing authorities need to find ways to tide over the difficult situation. According to people familiar with the matter, the CCP’s senior leaders held an internal debate on whether to abandon the five-year economic growth rate target and allow more flexibility. 

(Comment: As reported in the CCAS China News of August 21, while presiding over a Politburo meeting on July 30, Chinese President Xi Jinping had urged Politburo members to take the long view. The meeting decided that in October, the Party will set goals for China to be achieved by 2035) 

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