All eyes are on the upcoming 3rd Plenum of the 18th Communist Party of China (CPC). Slated to take place between Nov. 9 to 12 in Beijing this is often a platform in which Chinese officials announce crucial reforms.
We reached out to Bill Bishop, author of the must-read Sinocism China Newsletter, to understand why these meetings are so important and what reforms we can expect this year.
Business Insider: What is the 3rd Plenum?
Bill Bishop: A Plenum is a meeting of the Communist Party’s Central Committee. This Central Committee has 205 full and 171 alternate members, chosen at the First Plenum of the 18th Party Congress in November 2017. Each Party Congress lasts for 5 years, and with the exception of the first year there is usually one Plenum held per year. The Politburo, comprised of 25 members, meets more regularly, and the Standing Committee, made up of 7 members, meets even more frequently. Xi Jinping is the General Secretary of the Party and also holds the top posts in the State (President) and Military (Chairman of the Central Military Commission)
Third Plenums are seen as important because the First Plenum introduces the new leadership, the Second Plenum tends to be personnel- and Party construction-focused, while the third one is usually seen as the first plenary session at which the new leadership has basically consolidated power and can introduce a broader economic and political blueprint.
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