No Stimulus Expected as China Wraps Up Third Plenum
China's government has wrapped up its twice-a-decade economic policy meeting, saying the country will focus on domestic technology while prioritizing "high-quality development" to boost growth amid a faltering economy.
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00:00China's third plenum, a closely watched gathering of top Communist Party leaders,
00:05has wrapped up with few specific measures designed to address the country's economic
00:09difficulties.
00:11Analysts had been calling for bold reforms to boost China's slowing economy.
00:15But the result of the plenum indicates a more conservative approach, centered on what the
00:19party calls high-quality development, meaning high-tech manufacturing and local industry.
00:24The meeting is held twice a decade, and is one of the key chances for leadership to set
00:28out their economic vision for the country.