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Cailianshe reported on July 18 that the Third Plenary Session of the 20th Central Committee of the Communist Party of China was held in Beijing from July 15 to 18, 2024.

The plenary session proposed that scientific macroeconomic regulation and effective government governance are the inherent requirements for giving full play to the advantages of the socialist market economy system. It is necessary to improve the macroeconomic regulation system, coordinate and promote reforms in key areas such as finance and taxation, and enhance the consistency of macroeconomic policy orientation. It is necessary to improve the national strategic planning system and policy coordination mechanism, deepen the reform of the fiscal and taxation system, deepen the reform of the financial system, and improve the mechanism for implementing the regional coordinated development strategy.