I cover the economic and financial world outside the USA, for the USA. If I uttered the word plenum, you might think I was a surgeon or arcane barrister, and not a casual observer of Chinese politics.
In part three of the executive summary, Daniel H. Rosen describes the redefined mission of government and nine clusters of reform proposed in the Third Plenum reform program. For more on this topic, ...
The Third Plenum outcome suggests a mismatch between what the Chinese economy needs to recover quickly and what policymakers are prepared to deliver. The long-awaited economic-focused meeting of ...
Yet, talk is cheap – the world needs more to be convinced. The absence of the Third Plenum is consequential and dangerous for China; it both reflects a notable divide within the CCP and causes ...
The third plenum lays the matter bare. Xi clearly has no intention of changing course. This article is an extract from The Telegraph’s Economic Intelligence newsletter.
The economic reform program endorsed at the Third Plenum is quite comprehensive and, if implemented, would go a long way toward assuring China’s continued rapid economic growth over the medium term.
It decides on state apparatus personnel in the second session, and it then outlines policy directions in the third plenum. Several third plenums in the past are remembered for being turning points.
Expectations for major policy reform to be announced were low as the four-day, every five-year Third Plenum is a high-level meeting discussing the big picture as the task of implementing falls on ...