China just completed its four-day Third Plenum, a major meeting of Chinese Communist Party (CCP) officials held about every five years to determine the nation’s long-term economic and social policies. This year’s event failed to generate excitement in the world’s second-largest economy as President Xi Jinping and his henchmen vowed to move ahead with deep national reforms. With conditions deteriorating quickly, Beijing might need more than tepid change to plug the sinking ship.
China’s Third Plenum Takeaways
The CCP central committee outlined its Third Plenum Communique on July 18, confirming that Beijing “will adopt a resolution of further deepening reform comprehensively.” So, what does this mean? The list is pretty broad and vague, without any extensive explanation of how China will adjust its socialist economy. For example, the government aims…
