President Xi Jinping will lead the third plenary session of the 20th Central Committee next month, after several months of delay. The meeting, traditionally associated with significant economic reforms or policy announcements, is expected to shed light on China’s economic challenges and opportunities.

The postponement of the Third Plenum has raised questions about the unity of the Chinese Communist Party under President Xi Jinping on economic policy. This uncertainty follows the poor performance of the Chinese economy following the end of Xi’s “Zero Covid” policy in late 2022. Despite conflicting views on the Chinese economy in media outside of China, one perspective highlights structural issues and policy missteps that have plagued the Xi administration, such as low economic growth, high unemployment, weak spending, demographic challenges and a lack of confidence in the future. On the other hand, another perspective highlights China’s manufacturing successes in sectors such as solar and electric vehicles achieved through state-led industrial policy and development.

Both narratives mention overcapacity and export surpluses as key elements that link the negative and positive aspects of China’s economy. The country’s reliance on export-led production due to a lack of domestic consumption indicates a need for change in economic policy. Despite highlighting different aspects of China’s political economy, these media narratives are interdependent and shed light on the complexity of China’s economic challenges and successes.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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