Core Points - The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China is being held from October 20 to 23, focusing on the formulation of the 15th Five-Year Plan, which will outline China's development blueprint for the next five years [1][2] - The new Five-Year Plan is expected to provide direction and key objectives for China's economic development, influencing global development and creating more opportunities for the world [1][2] - The session emphasizes China's confidence in development and strategic determination, showcasing a commitment to innovation-driven growth and inclusive modernization [2][3] Economic Development - The 15th Five-Year Plan (2026-2030) will be discussed, covering China's medium to long-term economic development path and policy priorities [1][2] - The achievements during the 14th Five-Year Plan period demonstrate China's steady economic growth despite global economic turbulence, particularly in renewable energy and electric vehicles [3] Global Impact - The decisions made during the Fourth Plenary Session are anticipated to have global implications, marking a critical turning point in China's economic transformation towards advanced technology and innovation [2][3] - The Belt and Road Initiative is entering a new phase of modernization and high-quality development, expected to create more opportunities for participating countries [3]