Photo taken on May 28, 2020 shows a view of the Great Hall of the People in Beijing, capital of China. (Xinhua/Xing Guangli)

BEIJING, July 30 -- The fifth plenary session of the 19th Central Committee of the Communist Party of China (CPC) will be held in Beijing in October, according to a decision made at a CPC Central Committee Political Bureau meeting on Thursday.

Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting.

The Political Bureau will present its work report to the CPC Central Committee at the plenary session, where attendees will also assess the proposals for formulating the 14th Five-Year (2021-2025) Plan for Social and Economic Development and future targets for 2035, according to a statement issued after the meeting.

The CPC Central Committee Political Bureau also studied the current economic situation at Thursday's meeting and made arrangements for the economic work for the second half of the year.

The 14th Five-Year Plan period is the first five years after China has completed building a moderately prosperous society in all respects and achieved the first centenary goal, according to the meeting.

The period will also mark the time for the country to build on this achievement to embark on a new journey toward the second centenary goal of fully building a modern socialist country, said the statement.

Going forward, China will still be in a period of strategic opportunity for development, facing new opportunities and challenges, it said.