China's Communist Party Communique Reveals Reform Objectives and Focus on Growth and Risks

China's ruling Communist Party concluded its policy meeting with a communique that highlighted the need to strike a balance between growth and security in the face of uncertainties. The communique outlined a wide range of reform objectives to be completed in the next five years, emphasizing the party's commitment to economic restructuring and long-term governance improvements.

While the document acknowledged the challenges China is facing, it also stressed the importance of finishing this year's growth targets and stimulating domestic consumption. The communique called for deepening reforms in various areas, including the economy, rural land, taxation, environmental protection, national security, and cultural development.

It also highlighted the significance of science and technology development, supply-side reform, and improving human capital and talent. The communique emphasized the need to maintain market order, correct market failures, control risks, and ensure social stability.

Overall, the party's focus remains on managing risks, maintaining stability, and achieving its long-term goals.