The most important meeting of China’s 2025 political calendar is just around the corner. The so-called fourth plenum, scheduled to take place from Oct. 20 to 23, will gather hundreds of top officials from the ruling Chinese Communist Party, including President Xi Jinping.

During this closed-door huddle, they’ll review the country’s 15th Five-Year Plan, a blueprint for China’s economic and social development from 2026 to 2030. Global investors and corporate leaders will parse any public statements for signs of a shift in economic strategy. There’s a particular focus this year on whether the Chinese government will heed calls to pivot toward growth driven by domestic consumption rather than an investment- and export-led model.