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On the heels of the just-concluded third plenary session of the 20th Communist Party of China Central Committee, a delegation of the board of directors of the US-China Business Council (USCBC), which include executives from the council and some US firms like Boeing Global and United Family Healthcare, have met with Chinese officials, highlighting US business community's deep interest in the outcomes of the third plenum and the intertwined and irreplaceable nature of bilateral economic

The Chinese leadership has put forward a comprehensive plan aimed at sustaining the country’s economic growth and national security for the next five years. “China is a remarkable example of a country, whose government drafts five-year plans covering development of rural land, tax reform, environmental protection, national security, the fight against corruption, and cultural development,” geoeconomic and geopolitical analyst Pepe Escobar tells Sputnik. Hong Kong, one of China’s economic locomotives, is set to play a particular role in the effort. Reinvented for 21st century Eurasia integration, the city has all it takes to profit as a key node of the Greater Bay Area, the southern hub propelling China to economic superpower status, Escobar points out. “The Western mantra that China’s economy is struggling to stabilize may be debatable,” the geopolitical analyst says. “5th columnists and outright Sinophobes across the West have gone bonkers on the current slowdown of the Chinese economy – complete with slumps in the financial and property fronts – running in parallel to all hybrid war strands of Chinese containment emanating from Washington,” he notes. “Fact: China’s GDP grew roughly 5% in the first semester; and the final plenum communique, released at the end of the four-day meeting, stressed that this should remain the ‘unwavering’ target for the second semester,” he stresses. Escobar stipulates that in China, economic and national security issues are inextricably linked. “On each and every front, what trumps everything is national security,” he concludes.

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BIZ GRAPHIC

Graphic Analysis: China's economy sails steadily ahead

Editor's Note: In the height of summer, the eyes of the world are focused on Beijing, as the third plenary session of the 20th Communist Party of China Central Committee is being convened to draw up the next blueprint for China's ...

Third plenum ensures continued success of China's economic ...