 Meanwhile, the ruling Communist Party has released a 50-page roadmap addressing long-term challenges. The party's planning document promises to beef up social welfare, such as pensions, and protect private property rights, among other goals in line with leader Xi Jinping's vision for China's future. In a short-term move, the People's Bank of China cut the five-year loan prime rate, a benchmark for mortgages, from 3.95% to 3.85%.