Since the Third Plenary Session of the 11th Central Committee of the Communist Party of China in 1978, the third plenums have held special significance, particularly in setting policy agendas, particularly regarding economic modernization and development. The iconic Third Plenary Session of the 11th Central Committee of the CPC marked a pivotal moment when the Communist Party of China decided to prioritize economic modernization as the core of its agenda. It introduced the transformative policies of reform and opening-up, which propelled China to unprecedented economic growth.
China has opened its door to the entire world by following the path of development, innovation and modernization. From being yet another country on the map to becoming the second largest economy in the world, China has had remarkable success in its journey. The change from “comprehensively deepening reform” to “further deepening reform comprehensively” since the Third Plenary Session of the 18th CPC Central Committee puts China on a historical continuation of the same approach, but only at a more accelerated pace and expanded scope. After successfully achieving and surpassing its first centenary goal of “building a moderately prosperous society in all respects”,[1] it is now moving ahead on realisation of “Liang Ge Yibai Nian (Two Centenary) Goals”.[2] The goal by 2049 is to “build a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious”.[3]
