China just held its all-important political meeting, here’s what you need to know

China just held its all-important political meeting, here’s what you need to know

Every autumn, when the leaves are about to turn golden in the capital city of Beijing, China’s top politicians gather to meet and set policy agendas for the nation.

They call the meeting the plenum, or plenary session. Held annually, the plenum is a formal closed-door meeting, attended by 200-plus members of the Central Committee, an elite political body that includes the top leaders of the Party.

It is the ruling Communist Party’s most important political meeting outside of the Party Congress, which is held every five years.

Think of the plenum as an annual executive board meeting for the Party. The most elite members arrive at the meetings to analyze the country’s past performance and identify the most important political and economic agendas.

Adopted from the Soviet Union’s planned economy model, the Chinese Communist Party sets long-term goals for the nation’s economy every five years.

This year, the plenum took place from October 26 to 29. The meeting set broad economic goals for the next five years (2021 to 2025) and a vision to turn the country into a moderately developed nation by 2035. The government will finalize the plan by March next year.