On July 18, 2024, the Third Plenary Session of the China adopted the Decision of the Central Committee of the Communist Party of China on Further Comprehensively Deepening Reform and Promoting Chinese-style Modernization. The decisions reached at the Third Plenary Session of the CPC Central Committee will determine the general direction of China's economic operations in the next five to ten years. Two important goals were announced at the plenary session, namely to achieve the goal of socialist modernization by 2035, and to complete the reform tasks identified at the meeting by 2029.